Terrace Capital closes $4.2 MM commercial loan in Brooklyn, NY. The loan was originated by Terrace Capital’s Senior …

The new first mortgage loan was secured by an apartment building in the Park Slope section of Brooklyn, New York.New York, NY July 10, 2011 Terrace Capital, Inc., in strategic partnership with Greystone Servicing Corporation, Inc., has refinanced 528 Bergen Street, a 21-unit class A, apartment complex located in the Park Slope section of Brooklyn, New York.The proceeds of this $4.2 ...

Financial Magician -

Bridging tariff gap: Power sector paid Rs342bn subsidy

ISLAMABAD: The government provided subsidies worth Rs342 billion to the power sector against the total federal development spending of Rs280 billion in the outgoing fiscal year, the senate standing committee on Finance was told here on Thursday.

Financial Magician -

Faroe Petroleum signs two new credit facilities

LONDON - Faroe Petroleum ’s shares surged after the North Sea-focused oil group said it has secured two new banking facilities that would provide substantial additional finance to support the company’s growth plans.

Financial Magician -

European suicide rates pushed higher by financial crisis

LONDON - Suicides rates rose sharply in Europe in 2007 to 2009 as the financial crisis drove unemployment up and squeezed incomes, with the worst hit countries like Greece and Ireland seeing the most dramatic increases, researchers said on Friday.

Financial Magician -

Will Small Businesses Squelch the Recovery?

Forget gold futures. For many economists, small business lending is the safest gauge of the economic recovery's strength

Financial Magician -

Principal Financial buys Origin Asset Mgmt stake

The Principal Financial Group on Thursday said its asset management unit is buying a 74 percent stake in Origin Asset Management LLP for $66 million.

Financial Magician -

WebEquity Solutions Completes FFIEC Exam

Company’s cloud-computing commercial lending software serves more than 700 financial institutions and exhibits safe and sound performance.Omaha, NE July 06, 2011 WebEquity Solutions® LLC announced today that it has successfully concluded its first examination by the Federal Financial Institutions Examination Council. The FFIEC consists of the Federal Deposit Insurance ...

Financial Magician -

UK net lending to individuals improves ever so slightly, but still weak

LONDON - Total lending to individuals rose by £1.3bn in May, similar to the previous six-month average of £1.2bn. The twelve-month growth rate, however, remained unchanged at 0.8%, according to the latest data just published by the Bank of England .

Financial Magician -

Beltone Financial Selects SunGard’s Valdi and Global Network to Support its Middle East Trading Business

Beltone Financial, a leading investment bank in the Middle East and North Africa, has gone live with SunGard's Valdi trading and order management solution to support its local and regional trading business via a single front-office platform.Dubai July 06, 2011 Beltone Financial, a leading investment bank in the Middle East and North Africa, has gone live with SunGard's Valdi trading and ...

Financial Magician -

Cash Crunch, 2.0: Why Can’t Small Businesses Get Loans?

Cash Crunch, 2.0: Why Can't Small Businesses Get Loans?

Financial Magician -