Archive for May, 2009
Farmer Mac is option for agricultural loans - Brush News Tribune
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FORT MORGAN, Colo. Fort Morgan State Bank may have the solution for some of those who must find a way to move their agricultural loans from New Frontier Bank. Customers of New Frontier, which was closed by the Federal Deposit Insurance Corp …
AIG to spin off Asian insurance unit - ninemsn
American International Group Inc plans to spin off its Asian life insurance unit in an initial public offering to help repay billions of dollars in US government loans. Shares of American International Assurance Co, known as AIA Group, will be traded …
Accounting change hits bank loans - Inside Bay Area
WASHINGTON The board that sets U.S. accounting standards moved to end the use of a bookkeeping device that allowed banks to park hundreds of billions of dollars in loans off their balance sheets and that has been blamed for stoking financial …
Brazils Silva looks to boost ties with China - Denver Post
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BEIJINGChina and Brazil signed a raft of agreements Tuesday including a $10 billion loan for the South American countrys state energy company and a deal to send oil to China amid stronger ties between the two developing world giants. Brazilian …
Chrysler seeks OK to waive billions in loans - CNN Money
NEW YORK (Reuters) — Chrysler LLC is seeking court approval for a settlement with Daimler AG and private equity firm Cerberus that calls for them to forgive billions in loans to the bankrupt carmaker and contribute to its pension plans, in exchange …
AIG to spin off Asian insurance unit - ninemsn
American International Group Inc plans to spin off its Asian life insurance unit in an initial public offering to help repay billions of dollars in US government loans. Shares of American International Assurance Co, known as AIA Group, will be traded …
Mortgage rescue: Still more hurdles (source: CNN)
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Loan servicers are overwhelmed by the flood of applications. Mortgage investors are angry about a congressional bill prohibiting them from suing servicers that modify loans. Foreclosures are rising as unemployment soars. (source: CNN) - RSS news feeds and Widgets on Feedzilla.com
Banned director runs loan firm (source: BBC)
The UK’s largest sub-prime loan broker is run by a man previously banned from being a company director for ‘’serious misconduct”, the BBC learns. (source: BBC) - RSS widgets and RSS feeds on Feedzilla.com
Area College Students Dread Paying Back Loans - KYW News radio
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The economic downturn has student loan defaults on the rise. Current college students in the area are trying to figure out what theyre going to do when its time for them to start paying back those loans. With a weak economy, and fewer and fewer …
SBA backs stimulus loans - Birmingham Business Journal
Beginning June 15, the Small Business Administration will guarantee short-term emergency loans known as Americas Recovery Capital loans under the federal governments economic-stimulus program. The deferred-payment loans of up to …
America Movil Gets $1.5 Billion in Citigroup Loans (Update1) - Bloomberg
May 18 (Bloomberg) — America Movil SAB, Latin Americas largest mobile-phone company, received $1.5 billion in financing arranged by Citigroup Inc. to expand its network coverage. The funding includes a loan of 500 million euros ($675 million …