Loans
China to push fixing local government debt, housing loans
SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Tim Cook is in an enviable position – market leading products, a $98 billion warchest and a seemingly gravity-defying stock price. But as he gears up for the annual face-to-face meeting with shareholders, a few issues may be causing him angst. Chief among them are in China, … [...]
Lenders yet to agree on fresh loans to Kingfisher – sources
By Sanjeev Choudhary and Swati Pandey NEW DELHI/MUMBAI | Wed Feb 22, 2012 3:35pm IST NEW DELHI/MUMBAI (Reuters) – Lenders to Kingfisher Airlines (KING.NS) have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that State Bank of India (SBI) was close to offering a bailout [...]
Mazda to raise $2 bln in share issue, loans: sources
By Taiga Uranaka and James Topham TOKYO (Reuters) – Japan’s Mazda Motor Corp (:7261.T) plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said on Tuesday — a bigger-than-expected dilutive fundraising that sent its shares tumbling 10 percent. The loss-making automaker aims to raise [...]
Papademos hails ‘historic’ deal for new loans, debt reduction
Prime Minister Lucas Papademos hailed as historic an agreement struck after 13 hours of talks in Brussels that will lead to Greece receiving a further 130 billion euros of loans and its bondholders accepting a 53.5 percent haircut. Speaking on Tuesday morning after the marathon negotiations over the details of the new deal, Papademos expressed [...]
TEXT-S&P :Funding is tight for Eurozone banks despite ECB loans
Tue Feb 21, 2012 5:59am EST Feb 21 – As the first quarter of 2012 unfolds, the eurozone banking industry faces unfavorable funding conditions, despite a half trillion euros of three-year loans from the European Central Bank (ECB) at the end of 2011, Standard Poor’s Ratings Services noted in a report published today titled ECB [...]
Home, study loans become cheaper
For a loan of Rs 400,000, the interest rate has been reduced by 25 bps to 11.75 per cent, while for loans between Rs 4 lakh and 750,000, the rate reduction is 100 bps to 12.50 per cent. And, for the loans of above Rs 750,000, rates have been cut 25 bps to 12.25 per [...]
S.Korean Banks to Increase Household Loans
(MENAFN – Qatar News Agency) South Korean banks plan to increase their household loans by nearly 25 trillion won (US$22.1 billion) this year, a move feared to worsen private sector debts, industry sources said. Local banks have decided to extend their household loans by 24.5 trillion won in 2012, or 5.4% of the outstanding amount [...]
Clopton Capital Now Offers Non-Recourse Business Loans Starting at $1000000 …
Clopton Capital, a business loan provider based in Chicago, IL, has just started offering business loans under non-recourse terms for business loans that are equal to or greater than $1,000,000. The firm came to this decision based on prior business loans being fulfilled more reliably than they had expected. Chicago, IL (PRWEB) February 20, 2012 [...]
Bank of Ireland CEO Says Home Loan Arrears to Peak in 2012
February 20, 2012, 5:55 AM EST By Joe Brennan (Updates with analyst, bank comments from fifth paragraph.) Feb. 20 (Bloomberg) — Bank of Ireland Plc Chief Executive Officer Richie Boucher said he expects the bank’s home-loan arrears to peak this year and loan-loss impairments will “reduce over time” as the Irish economy recovers. Shares in [...]
Citigroup Whistle-Blower Says Bank’s ‘Brute Force’ Hid Bad Loans
February 17, 2012, 8:46 AM EST By Bob Ivry, Donal Griffin and Andrew Harris Feb. 16 (Bloomberg) — Four years after rotten mortgages helped trigger a global financial crisis, Sherry Hunt said her Citigroup Inc. quality-control team was still finding flaws in new loans that included altered tax forms, straw buyers and borrowers who listed [...]