Personal loans

Personal loans can help in a crisis. But read this before applying

As stimulus checks have started rolling into bank accounts and many creditors are offering payment relief, these options may not be available to everyone or they may not be sufficient. That’s why some people turn to unsecured personal loans, often used for debt consolidation or home improvement projects, to cover emergency expenses. While some lenders […]

Debt finance

Akin Gump gets Kirkland Debt Finance Atty in Houston

By Michelle Casady (April 15, 2020, 5:02 p.m. EDT) – Akin Gump Strauss Hauer & Feld LLP has hired a debt and special situations financing partner from Kirkland & Ellis LLP to join its Houston office. Akin Gump announced Monday that Chad Nichols has joined the firm’s corporate practice group. Nichols, who practiced in Kirkland’s […]

Bank loans

Regulators offer capital break on bank loans due to pandemic

LONDON (Reuters) – A global committee of banking regulators has offered lenders a break to top up capital reserves to cover losses on loans to borrowers struggling to stay afloat amid the coronavirus pandemic. “These measures support banks’ lending to the real economy and provide additional operational capacity for banks and supervisors to address immediate […]