Latest Loan Companies news:

ST. ANN: City caps number of payday loan companies
Now there are six, but at some point there will be no more than three high-interest, short-term loan companies operating in St. Ann.
Read more News Source - North County Journal
Publish date - 06:08:14 07/20/08

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The area student loan market is steady now, but student debt is likely to increase as tuition, other costs rise
The tremors that shook the student loan industry and had private lenders threatening to abandon the business have quieted, but students are now likely to have to borrow more for higher education, experts said.
Read more News Source - Chattanooga Times Free Press
Publish date - 04:19:11 07/20/08

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Anglo gave loan to Quinn ahead of share deal
20 July 2008 By Richard Curran and David Clerkin Anglo Irish Bank agreed a loan deal with Sean Quinn secured on a significant part of Quinn’s €3 billion business empire, two weeks before he announced plans to buy a 15 per cent stake in the bank, The Sunday Business Post has learned.
Read more News Source - Sunday Business Post
Publish date - 23:01:28 07/19/08

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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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Citigroup posts $2.5B loss on loan defaults, still beats view
Citigroup posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall Street anticipated.
Read more News Source - USA Today
Publish date - 18:03:11 07/18/08

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Crop loan insurance scheme to be launched in Rabi season
KARACHI (July 18 2008): For the first time in the history of Pakistan, banks and insurance companies would formally launch 'Crop Loan Insurance Scheme' from Rabi season.
Read more News Source - Business Recorder
Publish date - 22:39:48 07/17/08

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Higher oil prices hit Russian oil companies
Higher oil prices make loans more expensive. Russian oil companies borrowing billions of dollars to develop their business have already felt the effect of new loan terms.
Read more News Source - Russian Information Agency Novosti
Publish date - 04:39:25 07/18/08

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Dealer incentive could make loan costly
Dealers may be financially motivated to give you a costly loan, says Bankrate car columnist Terry Jackson.
Read more News Source - Bankrate.com via Yahoo! Finance
Publish date - 12:48:16 07/18/08

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VaxGen Receives Repayment in Full of Bridge Loan to Raven biotechnologies
VaxGen, Inc. , a biopharmaceutical company, today announced that it has received repayment in full, including accrued interest, of the bridge loan it extended to Raven biotechnologies Inc. in connection with the proposed merger between the two companies.
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 21:46:30 07/17/08

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Home Loan Investment shifts focus, trims staff
WARWICK – Rhode Island-based Home Loan Investment Bank recently laid off about 30 employees as the company shifts its focus from mortgages to commercial loans in the wake of major disruptions in the home loan industry.
Read more News Source - Providence Business News
Publish date - 17:32:51 07/18/08

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Mortgage market weathers storms
The tribulations of Fannie Mae, Freddie Mac and IndyMac Bank have dominated headlines for more than a week, but the mortgage industry is more or less thumping along at the rate it was before the market went into convulsions. Home loan applications are up,...
Read more News Source - San Francisco Chronicle
Publish date - 07:20:31 07/20/08

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Vendors of companies are helping financial sponsors fund deals that are threatened by the bank loan famine.
Vendors of companies are helping financial sponsors fund deals that are threatened by the bank loan famine.
Read more News Source - eFinancial News
Publish date - 04:14:34 07/16/08

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JPMorgan Chase profit falls 53 pct on loan losses
JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better than expected and gave Wall Street a lift.
Read more News Source - AP via Yahoo! News
Publish date - 13:30:11 07/17/08
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JPMorgan Chase profit falls 53 percent on loan losses
JPMorgan Chase's profit took a 53 percent hit in the second quarter as mortgage and other loan defaults worsened, but the bank's results were better
Read more News Source - New London Day
Publish date - 10:08:56 07/18/08

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Small-business briefs
Companies hit by hurricanes and other natural disasters will be able to draw down larger loans from the Small Business Administration. The Small Business Disaster Response and Land Improvement Act, enacted recently, increases the cap on disaster loans from $1.5 million to $2 million. In addition, eligible homes and businesses will be able to take out a $14,000 disaster loan without collateral. ...
Read more News Source - Miami Herald
Publish date - 20:12:52 07/18/08

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