An indictment unsealed this week in San Jose alleges the defendants orchestrated a multimillion-dollar plot to scam banks into extending loans to unqualified low-income homebuyers. View full post on All Stories
Posts Tagged ‘Banks’
Federal grand jury in San Jose indicts six in mortgage fraud scheme
May 20th, 2011 
davidguide 
Posted in Borrowers 
Tags: Banks, federal grand jury, fraud scheme, income homebuyers, indictment, Mortgage, mortgage fraud, multimillion dollar, post, scheme, Stories, View 
Comments OffChrysler expected to repay government loans Tuesday
May 18th, 2011 davidguide On Thursday, the Auburn Hills automaker is expected to announce the terms of a $3.5-billion bond sale. Chrysler also is working to secure a $2.5-billion loan with a group of banks, and those funds, as well as a $1.27-billion investment promised by Fiat, will be used to pay off its remaining government debt. View full [...]
Posted in Borrowers Tags: Auburn Hills, automaker, Banks, Chrysler, Debt, fiat, government debt, government loans, Investment, Loan, post, sale Comments OffBank loan to MFIs is priority sector lending: RBI
May 3rd, 2011 davidguide The Reserve Bank on Tuesday said that loans extended by banks to micro-finance institutions (MFIs) from April 1 onward will be classified as priority sector lending.”Bank loans to all… View full post on All Stories
Posted in Borrowers Tags: april 1, bank loan, bank loans, Banks, lending, micro finance institutions, onward, post, priority sector, Reserve, sector Comments OffBanks snapping up bonds in a sign of lower confidence in the economy
May 3rd, 2011 davidguide U.S. banks are buying U.S. government securities at the fastest pace in nine months as lenders retreat to the safety of Treasurys with… View full post on All Stories
Corp Bank defaulters find their photos on hoardings
April 30th, 2011 davidguide Corporation Bank has decided to name and shame defaulters publicly to build pressure and make them repay loans. While some banks put out notices and advertisements naming defaulters in newspapers, … View full post on All Stories
Posted in Borrowers Tags: advertisements, Banks, Corp, Loans, name and shame, Newspapers, photos, post, Pressure, shame, View Comments OffBanks are misleading public about how much they are lending, warns Vince Cable
April 28th, 2011 davidguide The Business Secretary told MPs that banks are ‘discouraging’ bosses of small and medium enterprises from even applying for loans. View full post on All Stories
Posted in Borrowers Tags: Banks, Business, Loans, MPs, post, Secretary, small and medium enterprises, View, Vince Cable Comments OffMarketWatch First Take: Banks got ‘direct corporate welfare,’ study says
April 26th, 2011 davidguide Bank of America, J.P. Morgan and Citigroup borrowed billions from the Fed. They were supposed to lend it into the economy. They didn’t. View full post on All Stories
Posted in Borrowers Tags: bank of america, Banks, billions, Citigroup, corporate welfare, economy, Fed, j p morgan, Morgan, post, View Comments OffPush to get tough on UBS, Credit Suisse
April 21st, 2011 davidguide (BERNE) The Swiss government pushed ahead yesterday with plans to make UBS and Credit Suisse reach tough new capital standards, saying the benefit to the economy outweighed costs to the banks. View full post on All Stories
China Orders Banks to Raise Reserves to Combat Inflation
April 17th, 2011 davidguide China’s central bank said that effective Monday, large banks here would have to set aside 20.5 percent of their cash, an increase of half a percentage point. The move essentially reduces the amount of cash available for loans. View full post on All Stories
Posted in Borrowers Tags: Banks, china orders, combat, inflation, Loans, percent, percentage, percentage point, post, s central Comments OffThird of banks’ MFI loans go into restructuring
April 15th, 2011 davidguide Microfinance companies have been facing a crisis after a crackdown by the Andhra Pradesh government last year in response to allegations they were charging high rates and using coercive recovery practices. View full post on All Stories
Posted in Borrowers Tags: allegations, andhra pradesh government, Banks, Crackdown, Loans, MFI, post, recovery, recovery practices, response Comments Off