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G8 summit expected to approve aid package for ‘Arab Spring’ states

davidguide — Fri, 27 May 2011 00:32:13 +0000

Leaders of the world’s richest nations will promise today to provide loans and cash to shore up the economies of the so-called Arab Spring countries, where people have risen up against authoritarian leaders, but they might stop short of accepting the sweeping “Middle East Marshall Plan” which some had called for.

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Chrysler pay off loan early, whilst Hyundai face uncertain future.

davidguide — Thu, 26 May 2011 13:32:20 +0000

American car giant Chrysler repays 4.7 billion in government loans to Canada and US after plummeting sales back in 2009.The repayments include 45.9 billion to the US and 41.7 billion to Canada, over a period of nine years. US President Barack Obama said this was a ‘significant milestone’ and a great encouragement to the US [...]

This article ( Chrysler pay off loan early, whilst Hyundai face uncertain future. ) was originally developed by and is property of American Banking News . Checkout American Banking News for up-to-date banking news and peer to peer lending news.

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Chrysler repays much of its government loan

davidguide — Thu, 26 May 2011 02:32:27 +0000

US car company Chrysler has repaid $7.6 billion in US and Canadian government loans.

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Tupperware Brands To Repay Outstanding Term Loans; Increase Pace Of Buybacks

davidguide — Wed, 25 May 2011 15:34:34 +0000

Tupperware Brands Corp. (TUP), a direct seller of diversified products, said Wednesday it plans to offer $400 million of senior notes due 2021 and use the proceeds as well as borrowings under a new credit facility to repay all of its outstanding term loans. The company also plans to increase the pace of its share repurchases and confirmed its dividend policy announced in February.

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Irish Banks Shed U.S. Loan Holdings

davidguide — Wed, 25 May 2011 04:31:58 +0000

Under pressure to reduce its holding of troubled loans, Allied Irish Banks has struck a deal to sell a portfolio of roughly $1 billion in U.S. commercial mortgages to Blackstone Group and Wells Fargo.

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Chrysler to pay back U.S. loans

davidguide — Tue, 24 May 2011 17:32:02 +0000

Bloomberg News reported . Repaying the debt would allow Fiat, which now owns 30 percent of Chrysler, to exercise an option to purchase an additional 16 percent stake, according to Bloomberg. Fiat …

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St. Louis County to offer loans for home energy efficiency

davidguide — Tue, 24 May 2011 06:31:55 +0000

Upgrades may include air and duct sealing, insulation, heating and air conditioning.

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7% drop in consumer credit advances

davidguide — Mon, 23 May 2011 19:34:45 +0000

Consumer credit advances fell by 7 per cent during March as people remained cautious about taking on more debt, new figures have revealed.

Related Stories Bank of England downgrades growth figures Retailers ‘face declining growth’ Financial services complaints soar £2.5bn loans fund for small firms Bank accused over lending targets

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California creating mortgage fraud task force

davidguide — Mon, 23 May 2011 08:32:00 +0000

The team of 17 lawyers and eight special agents from the state Department of Justice will pursue corporate fraud, scams and fraudulent lending practices, Atty. Gen. Kamala Harris says. California Atty. Gen. Kamala Harris, saying that years of unscrupulous lending still haunts the state, is creating a 25-person task force to target mortgage fraud of any size — from small operations that preyed on troubled borrowers to corporations that sold risky loans as safe investments.

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Bank Victoria Sets Up SME Division

davidguide — Sun, 22 May 2011 21:31:59 +0000

JAKARTA (IFT) – PT Bank Victoria Tbk (BVIC) will establish a special Small and Medium Enterprises (SMEs) Division that focuses on distributing loans for the segment.

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