Ireland To Buy Bad Loans At 47% Discount (Fox News)
Ireland To Buy Bad Loans At 47% Discount
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March 2010
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Irish ‘bad bank’ to buy toxic loans at half price (AFP via Yahoo! News)
Ireland's so-called 'bad bank' will buy the first tranche of soured loans from the country's financial institutions at an average discount of 47 percent, it said Tuesday.
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Irish Bad Bank Applies 47% Discount on First Block of Loans (Bloomberg)
March 30 (Bloomberg) -- Ireland’s National Asset Management Agency will pay an average discount of 47 percent on the first block of loans it is buying from the country’s lenders as part of a plan to clean up the ailing financial industry.
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Government to control student loans (College Heights Herald)
Congress changed the way students will receive financial aid money earlier this month when it passed the health care reform bill. The health care bill included a provision that would make the federal government the only lender of student loans, eliminating bank-based private lenders. Originally, the only source for student loans was a bank-based lending system, but [...]
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Station Casinos bondholders: Stop loans to Green Valley Ranch manager (Las Vegas Sun)
Bondholders in Station Casinos Inc.'s bankruptcy case are demanding that Station stop making loans to the Station subsidiary that operates the 496-room Green Valley Ranch Resort in Henderson.
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Kenya Seeks $920 Million of Loans for Geothermal Power Plants (Bloomberg)
March 30 (Bloomberg) -- Kenya Electricity Generating Co. , the east African nation’s biggest power producer, is seeking $920 million of international loans to build two geothermal power plants.
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VTB Posts 63.4 Billion Rubles Net Loss in 2009 on Bad Loans (Bloomberg)
March 30 (Bloomberg) -- VTB Group, Russia’s second-biggest lender, posted a net loss attributable to shareholders of 63.4 billion rubles ($2.2 billion) after it increased its provisions for bad loans to 154.7 billion rubles last year, the bank said in a regulatory filing today.
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Business Briefs: Low-interest loans available to disaster-affected counties (Winston-Salem Journal)
Four counties in Northwest North Carolina affected by severe winter storms in December through February have been made eligible for low-interest disaster loans by the U.S. Small Business Administration .
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Three new businesses split $155,900 in loans (Louisville Courier-Journal)
The Louisville Metropolitan Business Development Corp. has approved more than $150,000 in low-interest loans to help three new business ventures, including a restaurant planned on Main Street in the Whiskey Row Lofts project near the downtown arena.
Written by Yahoo! News Search Results for loans on March 29th, 2010 with no comments.
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Federal loans affected (The News & Observer)
In response to the March 27 letter "Student loan 'help'," the changes to the student loan laws affect only federal student loans, not private student loans. Previously, federal student loans could be gotten directly from the government, or via banks.
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