Ackermann Shuns ECB Loans Because of ‘Reputational’ Risk for Deutsche Bank
Posted by admin in Government Loans dated February 4th, 2012
Enlarge image Deutsche Bank AG Chief Executive Officer Josef Ackermann Hannelore Foerster/Bloomberg …
JPMorgan quarterly distinction rises, loan book grows
Posted by admin in Bad Credit Loans dated April 30th, 2012
NEW YORK (Reuters) – JPMorgan Chase Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The second-largest U.S. bank managed to make new loans faster than customers paid off existing ones during the quarter, a reversal from the first quarter and a bright spot for a sector long plagued by weak loan demand. JPMorgan’s revenue rose and it added staff, and its shares were up 2…
Bam’s Government Loans to Nowhere Bill
Posted by admin in Government Loans dated February 22nd, 2012
President Obama still hasn’t learned the classic First Rule of Holes: When you’re in one, stop digging. Up to his earlobes in failed stimulus grants and tainted federal loan guarantees, the shoveler in chief tunneled forward this week on his latest Government Loans to Nowhere bill. His willful ignorance is America’s abyss. Little noticed in the White House jobs-for-cronies proposal is a provision creating yet another corruption-friendly “governm…
Feds to examination appetite loans
Posted by admin in Auto Loans dated January 19th, 2012
Business failures prompt closer look at U.S. funds for solar, nuclear and auto companies David Shepardson/ Detroit News Washington Bureau Washington — The White House said Friday it is ordering a review of the Energy Department’s loan programs in the face of growing criticism over a number of loans — including several auto-sector awards. White House Chief of Staff William Daley ordered an independent analysis…
Chrysler Reports $181 Million Profit After Paying Back Loans
Posted by admin in Government Loans dated January 20th, 2012
Chief Executive Officer Sergio Marchionne paid off the government loans during the quarter as he works to quicken the merging of Chrysler and Fiat operations. He may announce a merged management structure for Fiat and Chrysler this week, two people familiar with the matter have said. They declined to be identified discussing the restructuring before it’s announced.“Refinancing our debt and repaying our government loans six years early, reinforce…
Ackermann Shunned ECB Loans for Reputation
Posted by admin in Government Loans dated February 7th, 2012
February 06, 2012, 1:13 AM EST By Nicholas Comfort and Aaron Kirchfeld Feb. 3 (Bloomberg) — Deutsche Bank AG shunned the three- year loans the European Central Bank offered to banks in December on concern taking the funds could damage its reputation with customers, said Chief Executive Officer Josef Ackermann. “The fact that we have never taken any money from…
June automobile sales movement on costlier loans, fuel cost hikes
Posted by admin in Auto Loans dated March 7th, 2012
Strike, maintenance shutdown hit Maruti; Hyundai bucks the trend The days of runaway growth in the auto market last year seem numbered, with two of the top three carmakers in the country — Maruti Suzuki and Tata Motors — reporting a drop in sales in June. Weighed down by a negative market sentiment because of rising fuel prices, higher borrowing costs and increased vehicle prices, the slowdown in sales last month confirms the trend of t…
Ahead of a Bell: Consumer Credit
Posted by admin in Auto Loans dated March 24th, 2012
WASHINGTON (AP) — Consumers likely borrowed more in August with much of the increase coming from a rise in student loans.Borrowing increased by $8 billion in August, according to economists surveyed by Fact Set. The report will be released at 3 p.m. EDT Friday.In July, borrowing had risen by $12 billion, the biggest increase in more than three years. The strength that month was powered by pickup in auto sales which pushed auto loans higher. Ther…