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Pessimistic central banks can’t handle the good news

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

You know the type. The relative or friend so congenitally pessimistic that good news unsettles him, as if he would prefer that a bad outcome justify his cynicism rather than embrace a happy surprise. The central banks of advanced economies are stuck in such a mindset....

Alphabet’s Clean Energy Moonshots Aren’t Going So Well

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance, Working Capital

Alphabet’s Clean Energy Moonshots Aren’t Going So Well Another of Alphabet’s audacious renewable energy plans is faltering. Bloomberg reports that the company’s X lab is struggling to make a go of its Makani project, featured in the video...

Grubhub to Buy Yelp’s Eat24 for $287.5 Million

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance, Wire, Working Capital

Grubhub plans to gobble up another online food-ordering rival: This time it’s Yelp Inc.’s Eat24. Chicago-based Grubhub Inc. said Thursday that it will pay Yelp $287.5 million in cash for Eat24. That’s more than double what San Francisco-based Yelp...

Charlie Munger: The power of not making stupid decisions

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

One of the ways Charlie Munger has tried to avoid making stupid decisions is by sticking to what he calls his ‘circle of competence’. It’s the same rule that his friend, Warren Buffett, lives by. The circle of competence is simple — each of us,...

Wells Fargo to pay U.S. $108 million over veterans’ loans

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Wells Fargo & Co (WFC.N) on Friday said it agreed to pay the U.S. government $108 million to settle claims arising from its issuance of loans to military veterans. The third-largest U.S. bank said the accord resolves claims that so-called...

Wells Fargo to pay U.S. $108 million over veterans’ loans

by synergycap1 | Aug 4, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Wells Fargo & Co (WFC.N) on Friday said it agreed to pay the U.S. government $108 million to settle claims arising from its issuance of loans to military veterans. The third-largest U.S. bank said the accord resolves claims that so-called...
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