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Personal Finance Daily: Personal Finance Daily — April 30 (Market Watch)
Wednesday s Personal Finance stories
GMAC 1Q loss widens on declining auto finance income (The Times and Democrat)
NEW YORK - GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened though results improved slightly in its struggling mortgage operations.
Market Chatter — Corporate finance press digest (Reuters via Yahoo! Malaysia News)
LONDON, April 30 - The following corporate finance-related stories involving U.S. and European companies were reported by media on Wednesday:
GMAC 1Q loss widens on declining auto finance income (AP via Yahoo! News)
GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened though results improved slightly in its struggling mortgage operations.
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Filed under: Uncategorized — superdiv @ 11:47 am
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Court orders to secure loans rise (BBC News)
The number of orders made by banks to secure loans against borrowers’ properties has surged.
AmeriCredit fiscal 3Q profit tumbles on bad loans (AP via Yahoo! Finance)
AmeriCredit Corp.’s profit plunged 63 percent in the fiscal third quarter as bad credit continued to eat into the car lender’s portfolio of loans, the company said Thursday.
Syndicated loans ease risk of major projects (Vi t Nam News)
HA NOI To reduce financial risk, local banks should join forces and set up syndicated loans for big business deals, participants were told at yesterday conference entitled Viet Nam Syndicated Loan Market.
Deutsche Bank Offers Discount of 9% on Boots Loans (Update1) (Bloomberg.com)
April 25 (Bloomberg) — Deutsche Bank AG is offering discounts of as much as 9 percent to sell loans financing the leveraged buyout of U.K. pharmacy chain Alliance Boots Ltd., three investors contacted by the bank to buy the debt said.
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Morgan loses seat over loans row (BBC News)
The States member who championed the introduction of student loans loses her seat in Guernsey’s Deputies Election.
Banorte First-Quarter Net Rises 16% on Loans to Poor (Update2) (Bloomberg.com)
April 24 (Bloomberg) — Grupo Financiero Banorte SAB , Mexico’s biggest publicly traded lender, said net income rose 16 percent as the bank grants loans to lower-income borrowers.
Study Up on College Loans Before Learning About Debt the Hard Way (Washington Post)
There’s been quite a bit of news lately about how, as the credit crisis continues, it may be more difficult for some families to get student loans.
AmeriCredit fiscal 3Q profit tumbles on bad loans (AP via Yahoo! Finance)
AmeriCredit Corp.’s profit plunged 63 percent in the fiscal third quarter as bad credit continued to eat into the car lender’s portfolio of loans, the company said Thursday.
Bill regulating student loans headed to governor (Quad-City Times)
STUDENT LOAN DEBT A bill regulating student loans is heading to Gov. Chet Culver. The bill, passed unanimously Thursday by the Senate, requires additional disclosure of loan terms and gives new protections to borrowers.
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