Toxic Assets, What Toxic Assets? London Readies For Suits
The investor lawsuits, I believe, will largely center around investors claiming that these financial products where much more risky than represented by the investment banks that sold them.
Category: debt
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UK Government and the “new deal” with credit card companies
By: Carsten Lexa In 2009 there were about 30 million credit card holders in the UK, holding about 58 million credit cards, down from 66 million credit cards in 2008. Beyond that, total household debt in the UK has reached a level of 1400 billion pounds sterling, of which 55 billion pounds sterling is on credit cards. When loooking at… Continue reading "UK Government and the “new deal” with credit card companies"
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Community banks taking major hit as U.S. Commercial Real Estate value drops
By: Eran D. Grossman, Esq. More problems are on the horizon between government regulators and local U.S. banks (smaller, regional and/or community banks) over how to handle falling commercial property values. Currently, banks are holding roughly $1.9 billion in commercial real estate loans, which equals about a quarter of all outstanding loans, according to Moody’s. The values of such loans… Continue reading "Community banks taking major hit as U.S. Commercial Real Estate value drops"
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The US credit card business – Credit CARD Act 2009
By: Carsten Lexa On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card debt. On November 3rd, 2009, I wrote in a the second article about a Goverment proposal regarding new legislation for… Continue reading "The US credit card business – Credit CARD Act 2009"
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The US credit card business – reloaded
By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card dept. Now, a new Goverment proposal tries to help customers to reduce their credit card… Continue reading "The US credit card business – reloaded"
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Leicester Tigers To Float Debt
By: Ainsley Brown Yes that right, I am referring to the English Rugby team – the Leicester Tigers. Sorry but I just had to do this, being a rugby fan and all, I will make any excuse to write on the subject. The Leicester Tigers, the current Guinness Premiership – the English Rugby Union’s top competition – it would seem are planning to… Continue reading "Leicester Tigers To Float Debt"