ResCap to Stop Funding $1.7 Billion in Home-Equity Loans

Residential Capital LLC, the bankrupt mortgage company indirectly owned by the U.S. government, won court approval to quit funding $1.7 billion in consumer home- equity lines of credit to conserve cash.

Benihana to Be Acquired by Angelo, Gordon & Co.'s Private Equity Group for $296 Million

MIAMI, May 22, 2012 /PRNewswire/ -- Benihana Inc. (NASDAQ: BNHN) ("Benihana" or the "Company"), operator of the nation's largest chain of Japanese theme and sushi restaurants, today ...

Bank Retreat on Shipping Seen Filled by Private Equity: Freight

The world’s shipping companies are turning to private equity to help fill a $249 billion funding gap left by European banks pulling out of ship financing.

Attica Funds Plc: 2011 Final Results

LONDON, May 22, 2012 /PRNewswire/ --In accordance with the Transparency Directive, Attica Funds Plc today announces its audited results for the year ended 31 December 2011.Income statementFor the year ...

CDR Revamp On; Banks Seek 25 Percent Capital for Promoters

New Delhi: Amidst mounting concerns that many promoters who have got their loans restructured are misusing the CDR mechanism, bankers called for higher equity infusion, to the tune of one-fourth of the CDR demand.