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U.S. Opposes Loans to Argentina to Force Debt Accord, Payments

Posted by admin in Government Loans dated February 29th, 2012

September 28, 2011, 12:14 PM EDT By Sandrine Rastello and Eric Martin Sept. 28 (Bloomberg) — The U.S. is stepping up pressure on Argentine President Cristina Fernandez de Kirchner by seeking to halt development loans to the country and force her government to make payments owed investors and settle with holders of defaulted debt. The U.S. voted against financing two projec…

State Bank of India Profit Falls 46% on Bad Loan Provisions

Posted by admin in Bad Credit Loans dated February 16th, 2012

August 13, 2011, 9:14 AM EDT By Pratik Parija and Anto Antony (Updates with chairman comment in third paragraph.) Aug. 13 (Bloomberg) — State Bank of India, the nation’s largest lender, said first-quarter profit fell 46 percent, a bigger slide than analysts expected, as it set aside more funds for bad loans in a slowing economy. Net income declined to 15.84 billion ru…

Feds to examination appetite loans

Posted by admin in Auto Loans dated January 19th, 2012

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 on the state of the Department of Energy’s loan portfolio — including loans to solar, nuclear and auto companies. “The president is committed to investing in clean energy because he understands that the jobs developing and manufact…

TransUnion: U.S. Auto Insurance Risk Increases After Reaching Historic Low

Posted by admin in Auto Loans dated April 8th, 2012

gisters 98.85, three basis points higher than Q2 2011; 31 basis points lower than a year ago at this time; and 73 basis points lower than its recessionary peak in Q2 2009. “When looking at the Auto Insurance Risk Index on a state-by-state basis, it appears that the level of auto insurance risk is transitioning toward a period of higher risk,” said Chet Wiermanski, TransUnion’s global chief scientist. “While a 0.03 percent increase in the index …

State paid off €67m in legislature land loans

Posted by admin in Government Loans dated November 27th, 2011

ustainable Communities Agency.The agency will then determine the future use of the land. The agency will also consult the National Asset Management Agency to determine the best use of all land banks controlled or owned by the State.In some cases, Nama may advise that lands originally bought by private developers could be combined with adjacent lands bought by councils for better returns.A spokesman for the department stressed that there was no lo…

Bam’s Government Loans to Nowhere Bill

Posted by admin in Government Loans dated February 22nd, 2012

lus-funded Solyndra solar company loan debacle is any indication, the answer is: not very well. And consider Obama’s naked partisan stunt on Thursday at the Brent Spence Bridge connecting GOP House Speaker John Boehner’s home state of Ohio and Senate Minority Leader Mitch McConnell’s home state of Kentucky. “There’s no reason for Republicans in Congress to stand in the way of more construction projects. There’s no reason to stand in the way of mo…

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…

California automobile start-up Aptera shuts down

Posted by admin in Auto Loans dated March 18th, 2012

its doors, effective today.This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision.Unfortunately, though, we are out of resources,” CEO Paul Wilbur said in a statement released Friday. “It is especially disappointing since we were so close.” Wilbur was a former president and CEO of ASC Inc., had a 17-year career at Chrysler and was an original member of Ford’s “Team Taurus.” Wilb…