February 27th, 2009
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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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The Dominican Republic will rely on international loans and anticipated drops in food and fuel prices to weather the global economic crisis, President Leonel Fernandez said Friday in his annual address to Congress.
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A small Minnesota bank made a successful $730 million bid to the Federal Deposit Insurance Corp. for performing and nonperforming residential loans made by failed First National Bank of Nevada, the chief executive officer said Thursday.
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Vendors of the burnt St. Balikuddembe (formally Owino) Market will access a Shs1 billion fund that has been set up by the government of Uganda. The money will be accessed in form of loans that will have no interest.
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General Motors posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto-sales climate since 1982 and sought government loans to keep the century-old company running.
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Almost three quarters of graduates from European Union states are failing to pay back student loans leaving British taxpayers with a multimillion pound bill.
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New data from the Kansas City Federal Reserve Bank show that Kansas banks were still making commercial and commercial real estate loans last year -- despite a sudden, mid-year freeze in credit and lending in other parts of the country.
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