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September 30th, 2009

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S.Korea mortgage loans decline slightly in Sept (Reuters via Yahoo! Singapore News)

SEOUL, Oct 1 (Reuters) - Mortgage loans by banks and non-bank financial companies in South Korea fell slightly during the first 19 business days of September, data from a financial regulator showed on Thursday.

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Bank strikes deal over discriminating car loans (San Francisco Chronicle)

Federal prosecutors announced a settlement Wednesday with a Los Angeles-based bank that was sued along with two auto dealerships for allegedly charging non-Asian customers higher interest rates on car loans. A complaint filed in U.S. District Court alleged... Sponsored Topics: United States - Los Angeles - United States district court - California - Counties

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Bank strikes deal over discriminating car loans (San Francisco Chronicle)

Federal prosecutors have announced a settlement with a Los Angeles-based bank that was sued along with two auto dealerships for allegedly charging non-Asian customers higher interest rates on car loans. Under the agreement, Nara Bank will pay up to $410,000... Sponsored Topics: Bank - Loan - Los Angeles - Business - Financial Services

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Federal Reserve Appeals Court Order to Disclose Loans (Update2) (Bloomberg)

Sept. 30 (Bloomberg) -- The Federal Reserve filed a notice it will appeal a judge’s order requiring the central bank to identify the companies that benefited from its emergency loans.

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Small business ARC loans pick up, but frustrations remain (CNN Money)

A government effort to get badly needed cash into the hands of struggling small business owners is slowly gaining momentum, but entrepreneurs seeking the scarce loans are still in for a frustrating ride.

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Federal Reserve Appeals Order to Disclose Emergency Bank Loans (Bloomberg)

Sept. 30 (Bloomberg) -- The Federal Reserve is appealing a judge’s order requiring the central bank to identify the financial institutions that benefited from its emergency loans, according to a lawyer representing Bloomberg LP.

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ARC loans: How they work (CNN Money)

Called "America's Recovery Capital," ARC loans are designed to make up to $35,000 available to struggling small business owners to temporarily help them keep up with payments on existing loans, including credit card debt. Authorized as part of February's stimulus bill, the program will run through Sept. 30, 2010, or until its funding runs out, whichever comes first.

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Small business ARC loans: How they work (CNNMoney.com via Yahoo! Finance)

Called "America's Recovery Capital," ARC loans are designed to make up to $35,000 available to struggling small business owners to temporarily help them keep up with payments on existing loans, including credit card debt.

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SBA extends GO Loans (Mississippi Business Journal)

MISSISSIPPI GULF COAST — The U.S. Small Business Administration (SBA) is extending its Gulf Opportunity Pilot Loan Program (GO Loans) through Sept. 30, 2010.

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PRESS RELEASE: Fitch Affirms Maithon Power’s Bank Loans at ‘BBB+ ind)’ (Nasdaq)

Fitch Ratings-Chennai/Mumbai/Singapore-30 September 2009: Fitch Ratings has today affirmed at 'BBB+(ind)' India's Maithon Power Ltd.'s (MPL) long-term project bank loans aggregating INR31,150m and the non-fund based exposure aggregating INR581m (the latter serves as performance security and is executed in the form of a bank guarantee).

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