February 8th, 2010
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The federal government has ordered a second inquiry into a troubled program which offers cheap loans to "green" homes, conceding it is not working properly.
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Non-performing loans in China have risen into the “trillions of renminbi” because of poor lending practices, an insolvency lawyer said.
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Financial services major Citigroup has begun talks with private equity groups and hedge funds over the sale of $3 billion-worth of car loans as part of its efforts to cleanse its balance sheet, says a media report.
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Citigroup seeks to sell USD 3 bn worth of car loans: ReportCitigroup seeks to sell USD 3 bn worth of car loans: Report
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Citigroup has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, The Financial Times reported.
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Police in Thessaloniki are looking for six suspects who are believed to have obtained the personal information of two victims, which they then used to take out loans totaling almost 500,000 euros from several banks in the city.
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Feb. 8 (Bloomberg) -- The French, German and Spanish governments have agreed “in principle” to grant European Aeronautic, Defence & Space Co. loans of 1 billion to 1.5 billion euros ($1.4 billion to $2 billion) for the development of the A400M military transport plane, Les Echos reported, without saying where it got the information.
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BELGRADE -The steady decline of the Serbian dinar, which is close to the symbolic threshold of 100 dinars for one euro, means many Serbs are struggling to repay their loans traditionally denominated in euros. Read more...
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ILLEGAL loans rose almost 60 per cent last year as Singaporeans reeling from the economic crisis turned to loan sharks to tide them over the tough times, a senior police official said on Monday. There were 18,600 cases of illegal loans made by loan sharks last year, a 58 per cent increase from 11,800 cases in 2008, said Ng Boon Gay, director with the Criminal Investigation Department.
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Illegal loans rose almost 60 percent last year as Singaporeans reeling from the economic crisis turned to loan sharks to tide them over the tough times, a senior police official said Monday.
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