February 2009
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Feb. 28 (Bloomberg) -- Argentina won agreement from international creditors to swap about 3.5 billion pesos ($982 million) of loans for longer-term bonds, a government official with knowledge of the transaction said.
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An effort to cap interest rates on payday loans in Kentucky may not happen this year, but a coalition of Louisville churches is still taking up the cause.
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Malaysian workers who are retrenched due to the global economic crisis will be able to apply for microcredit loans to venture into the agriculture sector soon.
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PEKAN, Feb 28 (Bernama) -- Local workers who were retrenched due to the global economic crisis will be able to apply for microcredit loans to venture into the agriculture sector soon.
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Small business loans are available at 5 percent interest through the Illinois Treasurer’s Employ Illinois program.
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Several Kenosha aldermen have drawn up their own version of an economic stimulus plan, one focused on providing home rehabilitation loans to city residents.
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Lloyds banking Group revealed yesterday that it had found £80bn of high-risk loans at HBOS, the bank it bought last month to save it from collapse.
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Bank of America Corp is carrying loans on its balance sheet marked at more than $44 billion above their fair value, the company said in its annual report filed with U.S. regulators on Friday.
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Feb. 27 (Bloomberg) -- Bank of America Corp.’s loans are valued at $44.6 billion less than what its balance sheet says, according to the bank’s annual report released today.
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Feb. 27 (Bloomberg) -- SLM Corp. , the largest provider of U.S. student loans, may lose three-quarters of its origination business under President Barack Obama’s plan to end government subsidies for school lenders.
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