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| Billionaire Ma's Alibaba Gets Nod to Stir Up Loans Businessweek China has authorized billionaire Jack Ma's Alibaba Group to expand funding for its online loans business, designed to shake up an industry divided into heavily regulated state banks and shady financing schemes. The Chinese Securities Regulatory ... See all stories on this topic » | ||
| Small business loans Global Times The Export-Import Bank of China, one of the country's policy banks, had 67.68 billion yuan ($11 billion) in outstanding loans to small and micro-sized businesses as of the end of June this year, up from 4.514 billion yuan recorded as of the end of 2006 ... See all stories on this topic » | ||
| Boost for small businesses as BoI approves €1.9bn in loans Irish Independent The bank reckons it is now providing about 50pc of all non-property lending being advanced to Irish SMEs by all lenders. The bank added that strong growth in applications was evident from the agricultural, motoring and general trading business sectors, ... See all stories on this topic » | ||
| Chinese growth holds to expectations as Treasury Wines flags $160 million ... SmartCompany.com.au ... dip in personal loans. Business lending rose by 2.5% in May, according to data released today by the Australian Bureau of Statistics. A seasonally adjusted total of $31.747 billion was committed to business loans in May, compared to $30.964 billion ... See all stories on this topic » | ||
| Data show car title loans grow in Virginia in 2012 MiamiHerald.com State regulatory data show that car title loans remain big business in Virginia. According to data from the State Corporation Commission, Virginia car title lenders doled out more than 161,500 loans worth about $180 million in 2012. That's up from the ... See all stories on this topic » | ||
| MuthootFin:Can turn 2000 gold-loan outlets into bank branches Business Standard The largest pure-play gold mortgage player Muthoot Finance, which has applied for banking licence, has said it can easily launch commercial lending business with as many as 2,000 branches. "We are confident of getting a banking licence from the Reserve ... See all stories on this topic » | ||
| IndusInd Bank likely to enter gold loan business this quarter Hindu Business Line Private sector lender IndusInd Bank is likely to foray into the gold loans business in this quarter, the bank chief Romesh Sobti said. The bank is likely to set a conservative loan-to-value (LTV) ratio of 50-65 per cent depending on the client profile ... See all stories on this topic » | ||
| Small Talk for July 8 Richmond Times Dispatch In the 18 months Hilson has been on the job as head of small-business banking, it has had some success with its 3.2 million small-business customers. Last year, Bank of America made $8.7 billion in new loans to small businesses, up 28 percent from 2011. See all stories on this topic » | ||
| Barclays stance on capital rules tests ties with regulator euronews Many bankers argue that the leverage ratio is too simplistic a measure and penalises low-risk, high-volume businesses such as trade finance and mortgage lending. Britain is moving early to introduce a leverage ratio – a 3 percent cap is due to come in ... See all stories on this topic » | ||
| BCA Says It Will Achieve Lending Goal Despite Spike in Interest Rates Jakarta Globe In its business plan submitted to the central bank, BCA put its loan growth at between 18 percent and 20 percent. "We believe it will remain on track," Jahja said. BCA, the largest bank by market capitalization, posted a 26 percent increase in earnings ... See all stories on this topic » | ||
| BPI Globe BanKO eyes P200-M loan portfolio by end-2013 Business Mirror BPI Globe BanKO, the country's first mobile phone-based lender, aims to double its loan releases to so-called micro-small- and medium-scale entrepreneurs or MSME clients to P200 million by year's end, and still keep its loan-default rate well within ... See all stories on this topic » | ||
| Chautin: Dreams and risk converge at the construction site Sarasota Herald-Tribune He founded a community bank, authored "The SBA Loan Book" and "Get Financing Now," and is the executive director at Small Business Finance Institute. He spoke at a recent business lending Webinar moderated by Bob Coleman, the chief executive of ... See all stories on this topic » | ||
| There's a little-known loan for fixer-uppers The Star-Ledger - NJ.com Marcus Gaither lives in East Orange, but he saw a three-family home in Newark he thought would be a good investment. Unfortunately, it was not fit to be lived in. "It needed windows, doors, sinks, kitchen cabinets," he said. "It needed pretty much ... See all stories on this topic » | ||
| BBB issues alert for suspect travel offer Brainerd Daily Dispatch "Minnesota is not open for illegal and sham lending businesses that prey on our consumers," said Rothman, whose Department licenses and regulates lenders making loans in Minnesota. "The Commerce Department is committed to stopping lending ... See all stories on this topic » | ||
| Developers look outside China for financing South China Morning Post Small player CIFI last week also announced a US$156.5 million three-year syndicated loan to strengthen its war chest for future business development. Bigger player Longfor Properties signed a HK$7.67 billion equivalent, four-year club loan agreement ... See all stories on this topic » | ||
| RHG accepts latest Resimac bid Brisbane Times Mortgage business RHG, formerly RAMS Home loans, has accepted a sweetened takeover bid by lender Resimac, trumping a rival bid. On Monday, RHG directors announced they had agreed to accept the latest bid of 48 cents per share as well as a ... See all stories on this topic » | ||
| 'Speed limit' coming for loans Marlborough Express The Reserve Bank is expected to forge ahead with controversial restrictions on home loans within the week - and there will be no exceptions for first home-buyers. A banking source said banks were told on Friday to prepare for restrictions which will ... See all stories on this topic » | ||
| 'Stop lending and brush up on their f**king German' Irish Independent Mr Bowe is clearly worried about how long the crisis will last – and whether the bank can continue its barn-storming lending. Mr Drumm asks Mr Bowe if they should tell Declan Quilligan, another Anglo executive, to "just shut down the fuckin' loans ... See all stories on this topic » | ||
| Restructuring costs to hit big business in tax grab The Australian Financial Review The federal government's plan to strip debt deductions related to foreign earnings will leave companies with significant levels of non-deductible interest and unable to restructure loans to recover the costs, big businesses said. The Corporate Tax ... See all stories on this topic » | ||
| Banks adopt cautious approach to home loans The Nation Banks are taking a much more cautious approach to retail consumers with such tactics as increasing the down-payment percentage for mortgages on second or third homes and rejecting loans for weekend houses. United Overseas Bank (Thai) will require an ... See all stories on this topic » | ||
| Last C-21 plane leaves Battle Creek base Detroit Free Press The U.S. Small Business Administration is making disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most nonprofit organizations in Dickinson and Menominee counties in Michigan ... See all stories on this topic » | ||
| SKIL Infra to sell Rs 750-crore non-core assets to repay loans Business Standard SKIL Infrastructure has initiated a restructuring exercise to sell non-core assets worth Rs 750 crore and use the proceeds to repay bank loans. Infrastructure assets identified for sale include real estate. The group is also undertaking top management ... See all stories on this topic » | ||
| Improved loan growth for US banks adds to solid economic indicators Globe and Mail When they do, all eyes will be on the pace of their loan growth. Though the U.S. economy is recovering, businesses still aren't borrowing as much as the banks would like, and that's slowed their revival because lending typically comprises such a huge ... See all stories on this topic » | ||
| Second-home deduction awaits recreational vehicle owners The Spokesman Review According to the IRS, all "second homes" must be used as security of the loan and must have basic sleeping, cooking and toilet accommodations. Virtually all RV types – motorhomes, van campers, travel trailers, truck campers and even some folding ... See all stories on this topic » | ||
| Metro Business Calendar for July 15 Richmond Times Dispatch Business Network International, 7:45 a.m., 3601 Cox Road. Details: Adam Stempin, (804) 752-5992. Powhatan Chamber of Commerce luncheon, 11:30 a.m. to 1 p.m., County Seat Restaurant, 3883 Old Buckingham Road, Powhatan. Topic: "Want Loans? See all stories on this topic » | ||
| Gahanna's Benchmark sees better days ahead Columbus Dispatch The bank has cleared away nearly two-thirds of the $18 million in troubled loans on its books during the past three years, has increased its mortgage-lending business, is raising $5 million in a stock offering this summer to bolster its finances, and ... See all stories on this topic » | ||
| NBF sets sights on SMEs Khaleej Times With regards to products, he said that one of the most important services the bank offers companies is the NBF Business Loan, a collateral-free financing arrangement that provides access to up to Dh1 million in funding. It also features flexible ... See all stories on this topic » | ||
| We will increase focus on retail segment: State Bank of Mysore MD Hindu Business Line The bank's Managing Director, Sharad Sharma, is currently grappling with the challenges of delinquency on the corporate loan portfolio as well as agricultural business because of a rural economy hit by successive droughts. He expects it will take at ... See all stories on this topic » | ||
| Nama developers face block if trying to buy back assets Irish Independent Instead, Nama sold the Spire loan to property billionaire Stephen Ross's firm Related for €27m – a stinging discount on what Kelleher's party were reputedly prepared to pay and just 38c on the outstanding debt – and, if there was substance to the offer ... See all stories on this topic » | ||
| First Allied Wins International Star for Leadership in Quality Award Myjoyonline.com FIRST ALLIED, one of Ghana's leading Savings & Loans companies has received the International Star for Leadership In Quality (ISLQ) Gold Award in Paris, France early this month. "FIRST ALLIED was singularly honored for 16 years of exemplary ... See all stories on this topic » | ||
| Money Power: Making sense of new student loan rules Tulsa World Loans get pricier. The rate on subsidized Stafford loans - the federally sponsored loans available to students with need - jumped from 3.4 percent to 6.8 percent on July 1. The new rate applies only to new loans, not the ones that are outstanding, and ... See all stories on this topic » | ||
| DACCIMA Urges Delta to Grant Loans to SMEs Daily Times Nigeria Udeme said that it was difficult for most "struggling" entrepreneurs in the state to obtain loans from banks to develop their businesses. He said that many of the entrepreneurs were forced out of business because of inability to access loans. The ... See all stories on this topic » | ||
| Bank lends over 600m/- to Dodoma, Mwanza groups IPPmedia "The training that we offer them before giving loans are banking education, how to write reports, how to borrow and how to set prices for their business," she explained. According to Chacha 99 per cent of their trained customers have been performing ... See all stories on this topic » | ||
| Print/E-paper exclusives for Sunday, July 14 Huntington Herald Dispatch STUDENTS COULD SEE ESCALATED LOAN RATES: Millions of college students nationwide and their parents are anxiously waiting to see if Congress will pass legislation to deal with the interest rate hike that took effect July 1 on subsidized Stafford loans ... See all stories on this topic » | ||
| Lloyds Banking Group's buyout arm targets record year euronews Once a company is under LDC ownership, Lloyds can also pick up lucrative traditional banking business like providing loans at a time when British banks have been criticised for not lending enough to small and medium sized enterprises (SMEs). LDC says ... See all stories on this topic » | ||
| Euro and China Loans - a Nation's Folly AllAfrica.com The projected yield on CBN's proposed investment in China is uncertain; however, the Chinese, as business savvy entrepreneurs, are unlikely to pay interest above 3% (the cost of its own loans to Nigeria) for such funds. Thus, in what may be seen as a ... See all stories on this topic » |
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| CashCall Inc. Grows Small Business Loan Product 700 Percent In ... From Yahoo! Finance: ANAHEIM, Calif. -- via PRWEB - CashCall Inc., a premier consumer finance lender, has expanded its small business "Entrepreneur Loan" ... finance.yahoo.com/.../cashcall-inc-grows-small-business-1204... | ||
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