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 [...]
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 View full post on All [...]
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 [...]
Fitch Ratings on Friday downgraded Greece’s sovereign debt rating to B+ from BB+ and put the nation’s debt on “rating watch negative.”Fitch said in an e-mailed statement, commenting on the downgrade; “The rating downgrade reflects the scale of the challenge facing Greece in implementing a radical fiscal and structural reform program necessary to secure solvency [...]
The European Central Bank threatened on Thursday to stop lending to banks that would use Greek government bonds as collateral. The ECB would carry out the threat if Greece could successfully change the terms of its debts. The regional central bank is against the restructuring of the Greek debt because of fears it would bring [...]
Mumbai, May 7 (PTI) Two banks including State Bank of Travancore (SBT) today raised lending rates by 50 basis points which will make auto, home and other loans from the lender costlier to existing as well as new borrowers. The revised base rate or the View full post on All Stories
Product DescriptionA college degree is the key to opportunity and economic success in America today, a fact that has brought new attention to questions of college access and affordability. Footing the Tuition Bill explores fundamental questions about the purposes of federal student loans, how well traditional arrangements work, and how innovations might offer guidance for [...]
Hong Kong and Shanghai Banking Corporation pulled out of retail banking on Monday from Russia. Instead of engaging in retail banking, HSBC said it will focus on making available global lending services to industrial and corporation clients. View full post on Banking Stories
Chase, Chicago’s biggest bank, said it boosted its small-business lending in Illinois by 24 percent in 2010, making more than $750 million in loans to 21,754 businesses statewide. View full post on All Stories
Kramer & Kaslow: Governing Home Loans & New Legislation New legislation may help future homeowners keep the homes they’ve worked so hard to obtain. Calabasas, California (PRWEB) April 25, 2011 Attorney Philip Kramer, a partner in the law firm of Kramer & Kaslow, who spends most of his waking time doing battle with banks as [...]
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