| SBA loan incentives may be gone soon Lending to small businesses could freeze this December, when the Small Business Administration expects to run out of economic stimulus funds. feeds.bizjournals.com |
VIA $2M draw ups Bay City Capital stake VIA Pharmaceuticals drew down the remaining $2 million Friday from a $10 million loan arrangement with a unit of Bay City Capital, the San Francisco company said. (VIAP) feeds.bizjournals.com |
Rusal (at FT.com) Oleg Deripaska, Russia's one-time richest man, has stared into the abyss this past year. But now the Rusal aluminium group he controls has completed a labyrinthine restructuring of its $16.8bn debt mountain, including $7.4bn owed to 70-odd international lenders. us.rd.yahoo.com |
Morgan Stanley CEO Mack again declines bonus (AP) Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's employees on Friday, Mack said he recommended to the board last week that he receive no year-end bonus "given this unprecedented environment and the extraordinary financial support governments provided to our industry." us.rd.yahoo.com |
European banks' ascent marks altered landscape (at FT.com) In prime brokerage rankings wars, Credit Suisse had long run a distant fourth or lower, behind Goldman Sachs , Morgan Stanley and others. However, following a strong resurgence over the past 18 months, most industry estimates pitch it at or near the top of the heap even as incumbents have rallied and regained some market share. us.rd.yahoo.com |