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Subprime Lending Crisis: Auto Loans Thrive, Housing Down (Time Magazine)
Thu, 11 Mar 2010 17:30:10 GMT
In the wake of the credit crisis, banks have scaled back lending to subprime borrowers. But other lenders have stepped in, making high-interest-rate loans to borrowers with low credit scores
Art dealer Edelman sued over loans (Reuters via Yahoo! News)
Wed, 10 Mar 2010 23:40:57 GMT
Asher Edelman, a former corporate raider who became an art dealer, has been sued by Emigrant Bank for more than $3.1 million after allegedly defaulting on some loans, including one to buy a sculpture by Alberto Giacometti.
German Min:Cautious About State Guarantees For Bank Loans Idea (Fox News)
Thu, 11 Mar 2010 08:53:17 GMT
German Min:Cautious About State Guarantees For Bank Loans Idea
Sharma assures exporters of cheap loans (Express India)
Thu, 11 Mar 2010 20:41:44 GMT
Commerce and industry minister Anand Sharma on Thursday assured exporters of government mediation to ensure that they get foreign currency loans at the new lower rate set by the RBI amid complaints against banks levying additional charges.
Banks want to cash out Rs 1,500-cr bad loans with ARCs (The Hindu)
Thu, 11 Mar 2010 19:11:22 GMT
Banks want more of it, while the ?scrap merchants' of the banking sector ? Asset Reconstruction Companies (ARCs) ? want to part with less of it. It's all about the cash involved in the sale of bad loans by banks to ARCs.
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