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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: loan

loan stories: 30 news summaries

21 - 30 of 30 Stories | << Prev 1 2

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(Newser) - Federal aid may be on the way to facilitate a GM-Chrysler merger, the Wall Street Journal reports. The Department of Energy aims to loan General Motors $5 billion so the merged company can afford layoffs, plant closings, and other integration costs. It could also help GM drum up more investment... More »

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Chrysler • General Motors • merger • US government • loan

 China Embraces Credit Cards 

Untapped market prompts banks to aggressively market plastic

Oct 22, 08 1:36 PM CDT
(Newser) - Banks are moving to tap China’s lucrative market for credit cards, issuing millions in new plastic in recent years, the Los Angeles Times reports. There are about 100 million credit cards today in China, up from 3 million in 2003. And the market is still tiny, by American standards:... More »

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China • credit card • credit • loan • default • shoppers • banks

Congress' Big Auto Bailout Mired in Red Tape

Money coming later rather than sooner

Oct 22, 08 9:59 AM CDT
(Newser) - Detroit's $25 billion loan is sitting in Washington, the Washington Post reports, and may take more than a year to distribute, despite the auto industry's increasing desperation for the cash. The Energy Department, which was tasked with doling out the money, says various legal and administrative requirements will drag... More »

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Congress • Detroit • Carl Levin • auto industry • Big Three • red tape • loan • auto bailout

 GM Calls for Help 

Firm reiterates urge for government assistance

Oct 14, 08 12:07 PM CDT
(Newser) - General Motors is not thinking of filing for bankruptcy, Reuters reports. Instead, an exec said, "There is a strong need for coordinated federal action" to weather the economic crisis as US auto sales slide. Filing for bankruptcy "would not benefit our customers, our dealers, or our employees,"... More »

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General Motors • Detroit • auto industry • loan • auto sales • US automakers • bailout • financial crisis

OPINION

What Killed Bear, Lehman Is What the World Needs

Subprime loans bring relief to millions worldwide

Sep 21, 08 12:44 PM CDT
(Newser) - Sure, subprime loans toppled two pillars of American investment banking, gutted the world’s largest insurer, and plunged the entire US financial system into a tailspin. But they are exactly what the world needs today, Daniel Gross argues in Slate. “Far from the madding, depressed crowds of Wall Street,... More »

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subprime mortgages • interest rate • loan • microfinance • consumer credit • banks

Auto Giants Press Congress for $25B Loan

Credit pinch, oil prices could cost thousands of jobs, execs say

Sep 18, 08 9:43 AM CDT
(Newser) - The CEOs of US auto giants seem to have convinced some in Congress they, too, need billions in federal loans, the Detroit Free Press reports, though it’s uncertain if they’ll get the $25 billion they’re asking for. High oil and commodity prices and tightened credit threaten jobs... More »

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Chrysler • General Motors • Ford • lobbying • auto industry • Big Three • loan • bailout • federal loans • job

Freddie CEO Dismissed Bad Omens for Years

Execs charge Syron was warned
of disaster

Aug 5, 08 4:34 AM CDT
(Newser) - The CEO of Freddie Mac disregarded several warnings from inside the company that the mortgage giant faced imminent disaster. More than two dozen current and former high-ranking employees told the New York Times that Richard Syron dismissed repeated recommendations from as early as 2004 to limit its exposure to bad... More »

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subprime mortgages • housing • Freddie Mac • mortgage loans • mortgage debt • Richard Syron • loan • financial crisis

Squeezed
Banks Slash
Biz Loans

Real-estate
fallout dries up
credit stream

Jul 28, 08 5:09 AM CDT
(Newser) - Reeling from real-estate losses, banks are turning off the credit spigot to loan-seeking businesses, the New York Times reports. The loan reduction means more bad news down the line as money-starved companies begin to cut workers. Banks cut credit nearly 3% over the past year, the most since 2001, according... More »

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bank • credit • loan • economy • banking industry

ANALYSIS

Fannie/Freddie Troubles Signal Sea Change in Gov't Role

Feds now effectively the only lender in town

Jul 14, 08 6:54 AM CDT
(Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times—once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of... More »

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subprime mortgages • Alan Greenspan • credit crisis • regulation • loan • free markets • economy • government backing • financial crisis

Cash-Strapped Jacko Could Lose Neverland

King of Pop defaults
on $23M loan and has 90 days to pay—or else

Oct 26, 07 2:10 PM CDT
(Newser) - Michael Jackson has defaulted on a $23 million loan against his storied Neverland Ranch, and he’ll lose the Santa Barbara fortress if he doesn’t pay in 90 days. The King of Pop is in his worst financial situation ever, says Fox News, and speculation is mounting that he’... More »

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Sony • Santa Barbara • Michael Jackson • Bahrain • Elvis • Neverland • loan • default

21 - 30 of 30 Stories | << Prev 1 2


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