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July 30th, 2008

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TMB plans B30b sale of bad loans (Bangkok Post - Thailand’s English news)

TMB Bank plans to sell off 30 billion baht worth of distressed loans and assets this year as part of a sweeping overhaul of the bank's portfolio.

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Automakers could access loans to modernize plants (AP via Yahoo! Finance)

Automakers could receive up to $6 billion in direct loans to modernize their assembly plants to build gas-electric hybrids and advanced vehicles under an agreement reached Wednesday by Senate budget leaders.

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Indonesia gets loans to build coal plants (UPI)

JAKARTA, July 30 (UPI) -- Loans will pay for new coal power in Indonesia.

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Families Scramble As College Loans Fall Short (NPR)

The Massachusetts Educational Financing Authority has announced that it will stop lending out private student loans. Paul Basken, a senior reporter for The Chronicle of Higher Education, explains what this move could mean for the future of student loan programs.

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Lloyds TSB Profit Falls 63% on Bad Loans, Writedowns (Update3) (Bloomberg.com)

July 30 (Bloomberg) -- Lloyds TSB Group Plc , the biggest bank that depends almost entirely on fees from lending in the U.K., reported first-half profit that fell a more-than-estimated 63 percent because of bad loans and credit writedowns.

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Finance 101: Funds for College Loans Are Drying Up (ABC News)

College students scramble to get new loans as dozens of lenders drop out.

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Lloyds TSB Profit Falls 63% on Bad Loans, Writedowns (Update2) (Bloomberg.com)

July 30 (Bloomberg) -- Lloyds TSB Group Plc , the biggest bank that depends almost entirely on U.K. lending, said first-half profit fell 63 percent after bad loans and credit writedowns rose.

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FHA mortgage loans ‘only game in town’ (The Sacramento Bee)

In the post-boom world of real estate, FHA loans are hot again.

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Top Thai court hits Thaksin over Myanmar loans (Reuters via Yahoo! News)

Thailand's Supreme Court agreed on Wednesday to hear a case against ousted Prime Minister Thaksin Shinawatra over allegations he arranged soft loans to Myanmar while in office to benefit his family's telecoms business.

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R.I. still able to offer low-interest student loans (The Providence Journal)

Massachusetts is the latest state unable to provide low-interest private and federal loans to its college students — a problem Rhode Island was able to avoid this year.

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