Daimler AG Gets a 9 Billion Euros Credit Agreement
27 Sep 2013, 09:51 UTC · By: Alex Oagana / Yesterday, the German car giant signed an agreement with a consortium of more than 40 international banks on a 9 billion Euros syndicated credit facility which will run for a period of five years wi...
Drive-Thru ATMs from Metro Bank
19 Apr 2013, 13:17 UTC · By: Gabriel Brindusescu / Metro Bank UK wants to take advantage on driver’s habits motorists normally have to open drive-thru services for them, that will allow multiple banking tasks without them leaving their seat. ...
GM IPO Becomes Largest in History
27 Nov 2010, 11:21 UTC · By: Daniel Patrascu / A carmaker of GM's magnitude wouldn't have had it any other way. The initial public offering recently made by the American manufacturer has become, by all intents and purposes, the largest...
GM's IPO, the Perfect Way to Sell Some Cars
19 Jul 2010, 13:07 UTC · By: Daniel Patrascu / One a salesman, always a salesman... That saying applies perfectly to GM's Ed Whitacre who, out of love for his company and because of the force of habit, tried to convince the banks which will...
Schaeffler Deal Details Emerge
26 Aug 2009, 13:33 UTC · By: Daniel Patrascu / The battle for car parts supplier is almost over, as the company reached an agreement with its lender banks for the 12 billion euros in debt it now holds. The so called refinancing, as it was announ...
Banks Want Control on Schaeffler Group
2 Mar 2009, 17:13 UTC · By: Madalina Iancu / It looks like the Schaeffler Group is really in big trouble right now. Reporting losses of up to 6 billion euros ($7.6 billion) in their balance sheet, the banks that financed the takeover of Contin...