Pros and Cons of Interest-Free Student Loans

No-interest loans save students thousands, but involve hassles.

Navigant now biggest credit union, Pawtucket drops to No. 2

Navigant Credit Union has retaken the distinction of Rhode Island’s largest credit union as Navigant and other local credit unions report higher deposits but – like their banking counterparts – sagging demand for loans.

Ex-Polygon Credit Heads Burgess, Mattera Seek $100 Million for Debt Fund

Ian Burgess and Alfredo Mattera , who headed the credit unit at London-based asset manager Polygon, are seeking $100 million for a distressed debt fund.

Credit Suisse poaches RBS Australia analyst -sources

SYDNEY, Sept 7 (Reuters) - Credit Suisse has poached John Heagerty from Royal Bank of Scotland as insurance analyst for Australia to replace Arjan van Veen, who moved to Hong Kong with the company in a regional role, two people with knowledge of the move said.

ICICI Bank sees loan growth picking up in H2

ICICI Bank sees loan growth picking up in H2ICICI Bank sees loan growth picking up in H2

Loan quality in Indian banks deteriorated: Bhatt

There has been a steady deterioration in asset quality of banks in the last two years on account of heavy stress in credit card and personal loan product segments, a top banking industry official said today.

Chelsea fullback Bertrand happy with loan move away

Chelsea Chelsea fullback Ryan Bertrand is happy with his loan move to Nottingham Forest. Bertrand sees the switch as critical for his development. "It all depends what your position is at a club, and who else is in that role, but going out on loan is a fantastic thing to do," said Bertrand. "You go out and play games instead of sitting still. It is important to develop. Going out on loan has ...

Credit Suisse Appoints Abbasi to Succeed Nargolwala as CEO of Asia-Pacific

Credit Suisse Group AG , Switzerland’s second-biggest bank, appointed Osama Abbasi as chief executive officer of its Asia-Pacific business.

'80pc loan mortgages will not dampen market'

The proposal to impose a 80 per cent loan-to-value ratio (LVR) for mortgages will not dampen the property market in the long run, said Minister of Housing and Local Government, Datuk Wira Chor Chee Heung.

'Loan mortgages move won't dampen mart'

The proposal to impose a 80 per cent loan-to-value ratio (LVR) for mortgages will not dampen the property market in the long run, said Minister of Housing and Local Government, Datuk Wira Chor Chee Heung. Nevertheless, Chor said, there was a need for a certain structure to ensure it would not be a burden for the lower-income group to own a house. "To enable the lower-income group to purchase ...

Credit Suisse names Abbasi as Asia-Pac CEO

Credit Suisse has put insider Osama Abbasi at the helm of the fast-growing Asia-Pacific region replacing Kai Nargolwala less than three years after hiring him from Standard Chartered .

Easier loans to students, investors on anvil: Kapil Sibal

Human Resource Development Minister Kapil Sibal has said the National Education Finance Corporation has been asked to provide easier credit rates to investors in the education sector and to facilitate flexibility in repayment of study loans by students.

Loan quality in Indian banks deteriorated: SBI chief

State Bank of India Chairman O P Bhatt said on Tuesday that loan quality in the banking sector had deteriorated in the last two years.

Mortgage sales jump 11% in August

Mortgage sales jumped 11 per cent in August as homebuyer confidence strengthened and mortgage delinquencies stabilised.

Loan quality in banks has deteriorated: Bhatt

Loan quality in banks has deteriorated: BhattLoan quality in banks has deteriorated: Bhatt

Credit Suisse Names Abbasi Asia CEO, Executive Board Member

Credit Suisse confirms Abbasi as new Asia CEO

SINGAPORE, Sept 7 (Reuters) - Credit Suisse confirmed on Tuesday it has appointed Osama Abbasi as chief executive Asia-Pacific, with current CEO Kai Nargolwala becoming non-executive chairman.

BMO cuts mortgage rate to spur home buying

Bank of Montreal has chopped its benchmark five-year mortgage rate, aggressively throwing its weight behind what many are calling an increasingly wobbly housing market

Credit Suisse Said to Update Price Guidance Ahead of Sale of Samurai Bonds

Credit Suisse Group AG , the second- biggest Swiss bank by assets, updated its price guidance for a planned sale of Samurai bonds tomorrow, according to a person with direct knowledge of the transaction.

County to offer loans for energy efficiency projects

Homeowners of all income levels can start applying to the county this week for loans for energy-efficiency and renewable energy projects.

China's 4 Largest Banks August New Loans 218.8 Billion Yuan, Caixin Says

China’s new loans in August for the four biggest banks were 218.8 billion yuan, Caixin Online reported today, citing shared data from the interbank market.

Student Loan Scrutiny Could Hurt Washington Post

The paper's Kaplan education unit may be battered by a crackdown on loan repayment rules

Australia Banks Should Raise Mortgage Rates This Year, UBS' Boubouras Says

Australian banks should raise mortgage rates before the end of this year independent of any increases by the nation’s central bank to soften the impact of rising funding costs, UBS AG said.

China Property Collateral in Loans for Third Homes, Business News Reports

Some individuals are using property as collateral to obtain consumption loans for buying third homes, the China Business News reported, citing some commercial banks in Shanghai.

Int'l lenders consider loans for Nabucco gas pipeline

Three international financial institutions agreed on Monday to consider loans totaling 4 billion euros (5.1 billion U.S. dollars) for the Nabucco gas pipeline, a key project to reduce EU dependence on Russian gas.

Mortgage broker avoids jail over $160,000 rip-off

A Christchurch mortgage broker who admitted ripping off a client to the tune of $160,000 has avoided a jail sentence.

Number of loans taken from 401(k) plans rising again

As of June 30, 21.9 percent of workers with 401(k) plans had loans outstanding, up from 19.3 percent in 2008, according to Fidelity Investments .

13. Unclear how loan-to-value ratio will impact loans growth

PETALING JAYA: The impact of any lower loan-to-value ratio (LVR) for mortgages on the banking system loans growth is still unclear, but analysts do expect loans growth to take a hit if the measure is pushed through.

Credit Card Consolidation: Tips on Consolidating Credit Card Debt

Credit card consolidation programs can help many individuals lower their credit card debt and consolidate into a single and more affordable program. It’s a smart idea, to pay off your credit card debt with one loan that has a low interest rate. But according to Bankrate and Helium, here are some things you need to know before you take this route. When transferring debt into one card, make sure ...

Payday loans serve those banks reject

Over the years I’ve seen many articles critical of the short-term financial product commonly known as a “payday loan.” They have been termed abusive for their high interest rates and the fact that people often have multiple loans and fall into greater debt. I don’t challenge the fact that more of these loans go into default; it speaks to a larger problem: Where do people with credit issues get ...

Ilesanmi loan extended

Dagenham defender Femi Ilesanmi has penned a loan extenstion with Histon until at least November, according to the Blue Square Premier club's manager David Livermore.

UAE mortgage lending up 12.7% in H1 2010 – cenbank

Mortgage lending among the UAE's 51 banks rose by AED18bn to AED159.8bn in H1.

Mortgage data pool looms

(EXCLUSIVE) Homebuyers' mortgage histories are set to be shared among banks from next year - if the privacy commissioner gives the go-ahead.

Credit Agricole, Societe Generale To Meet Australia Debt Investors - Sources

Australia Mortgage Bond Rules Are Negative for Smaller Banks, Moody's Says

Australia’s regional banks face higher costs to sell mortgage-backed bonds after the regulator released new guidelines on how some notes should be treated when calculating reserve buffers, Moody’s Investors Service said.

Prosecutors: Erie area mortgage fraud defendant's requests 'devoid of merit'

Former mortgage office manager Francis R. Conti, serving a federal prison term for his role in a local mortgage-fraud scam, argues in court papers that a recent U.S. Supreme Court ruling limiting a commonly used federal fraud law should get him released from prison and his sentence modified.

No loans for polluters

China's central bank has set up a database on companies' environmental records and banks were told not to approve loans to companies that have violated environmental regulations, the Shanghai Securities News reported Saturday.

Thrift banks soured loans rise in Q1

SOURED LOANS of thrift banks in relation to total loans rose in the first quarter, while those of rural and cooperative banks declined, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Mortgage rates drop to another new record

Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, as investors worried about the economy. Business - United States - Mortgage - Financial Services - Mortgage loan

Mortgage rates hit decades-low of 4.32 percent

Washington -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.