Archive for August, 2009
China Big 4 Banks Had $16 Billion Loans by Aug. 25, Herald Says (Bloomberg)
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Aug. 27 (Bloomberg) — Chinas four biggest banks had about 110 billion yuan ($16 billion) of new loans in the first 25 days of August, the 21st Century Business Herald reported on its Web site today, citing unidentified commercial bank officials.
Montagu Said to Negotiate Loans for Sale of Military Company (Bloomberg)
Aug. 26 (Bloomberg) — Montagu Private Equity LLP is arranging 130 million pounds ($213 million) to 150 million pounds of loans on behalf of bidders interesting in buying Survitec Group Ltd.
‘Deny middle class’ student loans (BBC News)
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A think tank suggests middle class pupils should be denied student loans and grants.
Bank of Montreal Profit Unexpectedly Rises on Loans (Update6) (Bloomberg)
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Aug. 25 (Bloomberg) — Bank of Montreal , the first Canadian bank to report third-quarter results, said profit rose 6.9 percent after it set aside less money for bad loans. The stock surged the most in five months after earnings topped analysts estimates.
Federal Reserve Ordered to Turn Over Data on Bailout Loans (Law.com)
The Federal Reserve has been ordered by a federal judge to release records about emergency loans made to investment banks and other financial institutions during the height of the economic meltdown. Rejecting a Federal Reserve claim that the material was exempt from disclosure, Southern District of New York Judge Loretta Preska granted a Freedom of Information Act request from the Bloomberg …
Labour think-tank considers stopping university loans for middle-class students (Daily Mail)
Their parents should be forced to meet the cost of tuition and shoulder more of the cost of food and rent because the current system of Government loans is too expensive, the Institute for Public Policy Research said.
U.A.E. Bank Loans Drop 0.2% in July on Risk Aversion (Update1) (Bloomberg)
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Aug. 24 (Bloomberg) — United Arab Emirates bank loans fell 0.2 percent in July from a month earlier as the threat of recession in the second-biggest Arab economy deterred lending.
China’s banks new loans may rise, support Chinese, regional equities (The Edge Daily)
Written by Standard Chartered Global Research. KUALA LUMPUR: The new loans extended by China’s banks my rise in August compared with July and this could support the Chinese and regional stock markets, according to Standard Chartered Global Research.