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2/14/2009 News For:

Washington Mutual Debt Consolidation Loans

AbitibiBowater in US$1.8B debt swap offer  AbitibiBowater Inc., the world?s biggest newsprint producer, is moving to exchange US$1.8-billion of debt to push back maturities and to sell new bonds to repay bank loans and avoid default.

Auto suppliers seeking aid  Associated Press Writer WASHINGTON ? Auto suppliers asked the Obama administration Friday for up to $25.5 billion in loans and government guarantees to stabilize the battered U.S. auto industry.

General Growth continues debt talks  NEW YORK ? General Growth Properties Inc. , the U.S. shopping-mall owner that said it may have to file for bankruptcy, is continuing discussions with lenders over $900 million in loans that came due Thursday.

HBOS loses US$8.5-billion on bad loans, writedowns  Lloyds Banking Group said its HBOS unit made a hefty loss last year due to bigger-than-expected bad loans, wiping nearly a third off the group's stock market value.

ProMOS shares trade up on loan rumor  Shares of debt-ridden ProMOS Technologies Inc ???? rallied near the 7 percent daily limit yesterday on an ambiguous remark by a government official that credit banks could grant new loans to help the computer memory chipmaker pay off debt that is due on Tuesday.

Auto suppliers seeking US federal aid   WASHINGTON, Feb 14 ? Auto suppliers asked the Obama administration yesterday for up to US$25.5 billion RM92 billion in loans and government guarantees to stabilise the battered US auto industry. Two trade groups, the Original Equipment Suppliers Association and the Motor & Equipment Manufacturers Association, made the request to the Treasury Department. The aid would prevent a shortage of ...

Car Title Loans: Good option for fast cash?  SPOKANE, Wash. - You need money fast, but what if a bad?credit score keeps you from accessing traditional short-term loans or lines of credit? Taking out a?car title loan is one way to get your hands on some fast cash with no credit check and minimal income verification. This may sound pretty?straightforward, but?this kind of?loan can lead borrowers deeper into debt and, in extreme cases, ...

Failed Banks Pose a Big Test for Regulators  The F.D.I.C. faces tough choices as it struggles to manage $15 billion worth of loans and property from failed banks.

Auto suppliers seeking $25 billion in federal aid  WASHINGTON ? Auto suppliers asked the Obama administration Friday for up to $25.5 billion in loans and government guarantees to stabilize the battered U.S. auto industry. Two trade groups, the Original Equipment Suppliers Association and the Motor & Equipment Manufacturers Association, made the request to the Treasury Department. The aid would prevent a shortage of parts for key vehicle models ...

Russia VTB sets up bad loans unit, says no spin-off  MOSCOW, Feb 12 Reuters - Russia's second biggest lender VTB set up a debt centre to manage bad loans but said it had no plans to spin them off into a "bad bank", a VTB spokesman told Reuters on Thursday.