January 29th, 2009
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Jan. 29 (Bloomberg) -- Grupo Financiero Banorte SAB , Mexico’s biggest publicly listed bank, posted its first fall in profit in three years as net income fell 24 percent on bad loans.
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New reports show alarming rates of default in so-called jumbo home loans. Greg McBride of Bankrate.com says this could spell a new round of trouble for the nation's already ailing banks.
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Ford Motor Co. lost nearly $6 billion in the last quarter of 2008, and burned through $5.5 billion in cash. The company insists, however, it will not need to tap federal bridge loans. The company is optimistic it can take a different path to recovery than Chrysler and GM.
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Ford Motor Co posted a deeper than expected quarterly net loss on Thursday, but said it would have sufficient cash to fund its turnaround without seeking government loans, and shares rose in premarket trade.
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An unusual program that allows city of Cincinnati employees to borrow against their retirement benefits could become even more attractive for workers under a proposal to substantially lengthen how long they have to repay the loans.
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Guaranteed loans and enterprise grants are at the heart of several Rural Development programs, says USDA spokesman Nickie Morgan of Ottawa.
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DAVOS, Jan 29 (Reuters) - Russia's second largest bank, VTB , is using forecasts for bad loans of 10 percent for planning purposes, Chief Executive Andrei Kostin told Reuters on Thursday. Kostin said non-performing loans totalled about 3.8 percent. He said VTB wanted a capital injection of about 200 billion roubles and that it could take place at the start of the second half of 2009. He said VTB ...
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29 January 2009 AMMAN (Petra) - Minister of Public Works and Housing Sahl Majali reviewed on Wednesday aspects of cooperation with a delegation from the Overseas Private Investment Corporation (OPIC). During a meeting, attended by US Ambassador to Jordan Robert Stephen Beecroft, the two sides reviewed negotiations for financing real estate loans for citizens, under the Decent Housing for Decent ...
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DAVOS, Jan 29 (Reuters) - Russia's second largest bank, VTB , is using forecasts for bad loans of 10 percent for planning purposes, Chief Executive Andrei Kostin told Reuters on Thursday.
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Tamil Nadu topped all states in giving loans sanctioned by the Centre to the minority community and ensuring it was used properly, state minorities commission chairman Vincent Chinnadurai claimed here on Thursday.
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