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September 2009

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Out from India’s alleys, gold loans gain respect (The Malaysian Insider)

KOCHI, India, Sept 29 — Indians own more gold than the citizens of any other country. They use the glittering metal as ornaments to flaunt family wealth, as a source of retirement savings and as insurance against calamities. But lately, gold has become something else: collateral, and the basis of one of the country’s fastest-growing businesses, gold loans. While pawning the family jewels would ...

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China September Loans May Exceed 600 Billion Yuan, Daily Reports (Bloomberg)

Sept. 29 (Bloomberg) -- China may have more than 600 billion yuan ($88 billion) of new loans this month, National Business Daily reported, citing estimates made by the Agricultural Bank of China’s strategic management department.

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19. More Bank Rakyat personal loans (The Star)

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) is targeting to disburse about RM20bil in personal loans this year from RM16bil in 2008.

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Mexico’s Banks See Improvement In Nonperforming Loans In Aug (Nasdaq)

MEXICO CITY -(Dow Jones)- Mexico's banking system observed further improvements in asset quality during August on the back of lower levels of nonperforming consumer loans.

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Disaster loans available for Station fire victims (La Cañada Valley Sun)

The U.S. Small Business Administration (SBA) is operating a temporary assistance center in Montrose where property and small business owners effected by the Station fire can apply for federal disaster loans.

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Delta Closes $2.1 Billion in Loans (ABC News)

Delta closes a total of $2.1 billion in loans, making progress toward 2010 debt payments

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Better Business Bureau warns of scam preying on those seeking jobs, loans (WHAS TV11 Louisville)

(WHAS11) - There is a scam warning from the local chapter of the Better Business Bureau. The BBB says two fake companies that claim to be local are preying on people looking for employment and loans.

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Russia MTS secures 59 bln roubles in Sberbank loans (Reuters via Yahoo! Philippines News)

MOSCOW, Sept 28 (Reuters) - MTS , Russia's top mobile phone operator, said on Monday it had secured two loans worth a combined 59 billion roubles ($1.96 billion) from state-controlled lender Sberbank .

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Credit quality of loans in US worsens in ‘09 (The Economic Times)

Credit quality of loans in US worsens in '09 Credit quality of loans in US worsens in '09

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Don’t let student loans default (Reno Gazette-Journal)

When money is tight and jobs are scarce, repaying your student loans is painful. But if you let your loans go into default, you'll enter a world of hurt.

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