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SKS Microfinance in talks with banks to raise Rs 100 crore
SKS Microfinance, the largest player by assets in the country, is in talks with a clutch of state-owned banks to raise Rs 100 crore in a credit rated securitization deal.
The Economic Times

Roche Turns to Bond Buyers
Roche is raising billions of dollars in the capital markets, as many companies turn to investors rather than banks during the credit crisis.
WSJ.com

Bank of Japan to extend measures to help corporate financing - International Herald Tribune: Business
The Bank of Japan said it would increase its three-month fund-supply operations to help support corporate funding as it battles a credit crunch with its policy rate near zero and the economy in its deepest slump in more than three decades.
NewsRack

Can Green Jobs Be Good Jobs? - Truthout.com
At the first Good Jobs, Green Jobs conference, held in Pittsburgh a year ago, advocates of green energy bemoaned their inability to get a modest renewable-energy tax credit through Congress over the opposition of the Bush administration. The idea of addressing the economic, energy and environmental crises through green jobs seemed a distant vision. So did the idea that a labor-environment coalition around green jobs could reach beyond the fringes of the two movements. But this year, things were different. Meeting in Washington, DC, February 4-6, speakers were reporting in from their BlackBerries on congressional negotiations of the yet-to-be-approved stimulus package estimated by the Center for American Progress to include $80 billion for green jobs. ...
NewsRack

BoJ to buy Y1,000bn of corporate bonds - Financial Times US
The BOJ stepped up measures to help embattled companies weather the credit crisis, unveiling plans to buy up to Y1,000bn in corporate bonds and extend its purchases of other assets in an acknowledgement that Japan's economic downturn would last longer than it had initially expected
NewsRack

Costly fall for Asian angels
These are nervous times for companies in emerging Asia when heavy debt burdens threaten their credit ratings, says Sundeep Tucker
FT.com

Bernanke Claims Lending Programs Pose Little Risk to Fed
The Federal Reserve is taking on relatively little risk of financial loss with its $2 trillion in programs to make credit more widely available, Fed Chairman Ben S. Bernanke said today, as he promised that the central bank will become more transparent about its actions.
The Washington Post

Citibank expands mobile banking suite of services in Philippines
Citibank has announced that it is making SMS banking available to its more than one million credit cardholders in Philippines.
Banking Business Review

A.M. Best Downgrades Kingsway & Several Subsidiaries
A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to 'b-' from 'b' of Kingsway Financial services Inc. (KFSI) (Mississauga, Ontario) and Kingsway America Inc. ...
Insurancejournal.com

LOS GATOS--- Procera Networks Secures $3 Million Line of Credit
LOS GATOS, CA--(Marketwire - February 18, 2009) - ProceraŽ Networks Inc. (AMEX: PKT), a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, today announced it has secured a commitment for a line of credit of up to $3 million from Peninsula...
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Archived "business - credit card" news stories.

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