Kodak’s CEO was awarded 1.75 million stock options that could net him a profit of more than $30million this week just a day before the Trump administration announced a $765million loan to develop generic pharmaceuticals. Jim Continenza, who heads the beleaguered Rochester, New York-based film company, and three other top Kodak executives were awarded stock … Read more
Retired homeowners who need to borrow to pay off an outstanding mortgage can now apply for a new unsecured loan designed specifically for this purpose. Previously homeowners needing to borrow large sums after they retired would have had to rely on either equity release or a retirement interest-only mortgage. Both of these routes involve taking a … Read more
Pay just £300 a month and drive off in a brand new car. That’s the sales pitch that ignited the motor industry, with millions signing up to buy cars on the never-never. But there is a fetid underside to these loans, known as personal contract plans and hire purchase, which could leave drivers car-less, owing … Read more
VICTORIA BISCHOFF: Defuse the car loan timebomb or risk a £76bn explosion By Victoria Bischoff for the Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:12 BST, 21 July 2020 What’s not to love about car finance? For a modest deposit and a tenner a day, you can drop into almost any dealership … Read more
In October last year I repaid £20,000 of my student loan. In January I paid off the rest — around £4,000. The Student Loans Company (SLC) confirmed the debt was paid and gave me a £24 refund. But a further £492 was taken from my salary until April. My employer, a local borough council, says … Read more
Mortgage fear if you had a loan ‘holiday’: Banks said credit scores would not be hit – but reject borrowers who took a break in payments Banks turning away customers who had taken payment holidays on home loans, credit cards and car finance Business Secretary Alok Sharma said payment breaks would not affect a customer’s … Read more
Former Wirecard chief Markus Braun took a secret £32m personal loan from the firm’s banking arm By Daily Mail City & Finance Reporter Published: 21:50 BST, 16 July 2020 | Updated: 21:50 BST, 16 July 2020 Wirecard’s former boss borrowed nearly £32million from the German payments giant just months before its dramatic collapse, it has … Read more
New Look wins extension to crucial loan as it prepares to overhaul hundreds of lease contracts By Neil Craven for The Mail on Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:58 BST, 4 July 2020 Embattled fashion chain New Look has agreed terms on a crucial bank loan as it prepares to overhaul … Read more
Love Is Blind star Amber bursts into tears when husband Barnett surprises her with a cake for paying off her $20k student loan after her debt caused tension on the reality show By Rebecca Davison for MailOnline Published: 12:42 BST, 25 June 2020 | Updated: 12:57 BST, 25 June 2020 Love Is Blind star Amber … Read more
Small firms still struggling to land Bounce Back loan cash with more than £40bn already handed out By Lucy White For The Daily Mail Published: 23:11 BST, 23 June 2020 | Updated: 23:57 BST, 23 June 2020 More than £40billion has been handed out to businesses in emergency taxpayer-backed loans – but hundreds of desperate … Read more