Home Equity Loan - BlackRock Loan Fund May Default as Prices Tumble (Update1) - Bloomberg
BlackRock Loan Fund May Default as Prices Tumble (Update1) - Bloomberg
Dec. 23 (Bloomberg) — A BlackRock Inc. fund that invests in high-yield, high-risk loans may be headed for an event of default after debt prices tumbled, according to Moody s Investors Service. Moody s cut ratings on portions of BlackRock Senior
AIG Announces Purchase of Additional Multi-Sector Collateralized Debt - Businesswire.com
NEW YORK–( BUSINESS WIRE )–American International Group, Inc. (AIG) today announced that Maiden Lane III LLC (ML III), a financing entity recently created by the Federal Reserve Bank of New York (FRBNY) and AIG, has purchased an additional $16
U.S. Treasury offers $5 billion to support GM financial arm - Kyodo News
The Treasury Department said Monday it will pump $5 billion into GMAC LLC, the financing arm of General Motors Corp., as part of efforts to ensure the survival of the struggling auto giant. The department also said it will lend another $1 billion to
GMAC receives $5B in bailout funds - Associated Press
WASHINGTON (AP) — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program. The government will receive preferred