July 27th, 2010
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THE BANK loans associated with the disastrous 411 million acquisition of the Irish Glass Bottle site in Ringsend, Dublin, in 2006 by a consortium including the Dublin Docklands Development Association have been moved to the National Asset Management Agency (Nama).
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The state of Illinois is offering low-interest disaster recovery loans for residents and businesses in northern Illinois that suffered damage from last weekends severe storms.
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Fresh calls have been made for interest to be reintroduced on student loans after Prime Minister John Key said student debt was a disaster economically for the Government.
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Bank loans to the financing vehicles of local Chinese governments that have been described in media reports as having serious repayment risks wont neccesarily become non-performing, the China Banking Regulatory Commission said in an e-mailed statement today. The agency didnt identify the media reports.
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