Money Babe

Swiss Re fourth-quarter profit falls 87 per cent on bad loans (Canadian Business)
The Associated Press February 29, 2008 - 8:23 a.m. ZURICH, Switzerland - Swiss Reinsurance Co. reported an 87 per cent drop in fourth-quarter net profit on Friday, blaming massive writedowns linked to bad loans.

Election budget gives sops, writes off farm loans (Deccan Herald)
Faced with the problem of farmers’ suicides on account of indebtedness, the Finance Minister announced a scheme of debt waiver and relief under which all loans upto March 2007 and overdue upto December last will be covered. Three crore small and marginal farmers will benefit to the tune of Rs 50,000 crore by the waiver while the one-time settlement for other farmers will cost Rs 10,000 crore. …

PHEAA change leaves student loans in limbo (The York Dispatch)
Students across the state might have to find new lenders for their student loans. The Pennsylvania Higher Education Assistance Agency announced earlier this week that it will stop issuing loans from its own fund until market situations improve.

Philippine bank end-07 bad loans lowest since ‘97 (Reuters via Yahoo! Malaysia News)
MANILA, Feb 29 - Philippine commercial banks’ non-performing loans narrowed to 4.45 percent of total loans at end-2007, the central bank said on Friday, the lowest since before the Asian financial crisis of 1997/1998.

Swiss Re Fourth-Quarter Net Profit Falls 87 Percent on Bad Loans (Canadian Business)
February 29, 2008 - 07:32 a.m. ZURICH, Switzerland (AP) - Swiss Reinsurance Co. reported an 87 percent drop in fourth-quarter net profit on Friday, blaming massive write-downs linked to bad loans.

Broker charged for fraudulent home loans (AAP via Yahoo!Xtra News)
A Sydney mortgage broker has been charged over fraudulent home loans worth more than $1.3 million, police say.

BoQ says no exposure to corporate loans (AAP via Yahoo!7 Finance)
Bank of Queensland Ltd (BoQ) says it has no significant exposure to corporate loans and that its capital position is "very strong".

India proposes to waive $15 bln of farm loans (Reuters via Yahoo! Malaysia News)
NEW DELHI, Feb 29 - India proposes to waive 600 billion rupees of bank loans to farmers, the finance minister said on Friday in his annual budget for the fiscal year that begins in April.

Bajans can now sendmoneyOUT via Western Union

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Smells Like .Money!

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Are any telecom companies makingmoney?

Alan Weissberger

MoneyHacks Carnival #1 - Hacked Gadgets Edition

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Student Senate allotsmoneyfor concert

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Links for 2008-02-28 [del.icio.us]

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RIAA Keeps SettlementMoney, Artists May Sue

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20MoneyHacks: Tips and Tricks to Improve Your Finances

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Travel tips: Don’t keep yourmoneyin one place

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Existing home sales and home prices drop

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LoansCould Paint McCain Into Corner

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Indiana U. alum auctions studentloanson eBay

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Paydayloansand’significant’ reform.

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PaydayLoans

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Finance giant affirms IVGID credit rating (North Lake Tahoe Bonanza)
A national corporate finance firm specializing in risk management control for businesses and companies across the nation recently reaffirmed Incline Village General Improvement District as being a well-off financial organization.

Budget leaves Quebec mostly cold: provincial finance minister (CBC Ottawa)
Quebec Finance Minister Monique J r me-Forget is ‘dissatisfied’ with Tuesday’s federal budget, saying it failed to take the province’s pressing economic concerns to heart, especially within the ailing manufacturing and forestry sectors.

DirtyMoney

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Indian rail to get big investment (BBC News)
India’s giant state-run railway network is to get a $56bn investment over the next five years.

Will the IPO crunch hit growth in investment? (rediff.com)
Apart from signalling the shape of things to come, the stock markets are seen as an important source of funds for investment - so their health can be critical.

Sharp falls in investment and spending (Financial Times)
Fresh evidence that the weakening economic outlook is curbing spending by both businesses and consumers emerged on Tuesday from data showing business investment fell last quarter, while retail sales growth slowed to a halt in February.

Once militant, Romania’s miners seek investment (Reuters via Yahoo! News)
Romanian coal miners once rampaged through Bucharest, storming parliament and toppling a prime minister. Their battle now is for investment.

UK Business Investment Slumps in Q4 (AP via Yahoo! Finance)
U.K. business investment slumped to its weakest quarterly rate in three years in the fourth quarter, indicating the economic slowdown could be sharper than expected, data from the Office of National Statistics showed Tuesday.

BANK INDONESIA ISSUES NEW REGULATION ON FOREIGN LOANS (Asia Pulse via Yahoo!7 Finance)
Regulations / Law Bank Indonesia has issued a new regulation on foreign loans by non bank companies to minimize negative effect caused by the foreign exchange loan.

No loans for many students (Brown Daily Herald)
An $11.5 million increase to the financial aid budget will mean fewer loans and less debt for financial aid recipients, starting next fall.

About high-risk loans and the Register’s analysis (The Altoona Herald-Mitchellville Index)
Q: What is a subprime loan? A: It is a loan with an interest rate higher than the prime rate. Subprime loans are generally given to borrowers whose poor credit rating, employment history, income or other debt prevents them from qualifying for a prime rate.

‘Instant’ loans on tax refunds are long on cost (New York Daily News)
Refund anticipation loans, often advertised as "instant refunds," come with exorbitantly high interest rates and fees that can cost you hundreds, city officials are warning.

Students question settlement over student loans (The Patriot-News)
ALLENTOWN — Some students at a for-profit Allentown college investigated for allegedly steering students into high-interest loans say the school’s $200,000 settlement with the state won’t help alleviate their debt.

Corporate loans (Financial Times)
Despite turmoil in the credit derivatives market, bank lending desks still appear to be parcelling out loans to companies in large amounts, and at pretty ordinary prices.

College’s settlement over student loans questioned (Courier-Post)
Some students at a for-profit Pennsylvania college investigated for allegedly steering students into high-interest loans say the school’s $200,000 settlement with the state won’t help alleviate their debt.

Expert: Credit Crunch Could Hit Alternative Student Loans (WMUR New Hampshire)
Experts are warning that the credit crunch that has affected the home market may start impacting some student loans.

Loans make up most of collateral posted at Fed: report (Reuters via Yahoo! News)
More than half the collateral backing cash advances by the Federal Reserve is in the form of loans rather than bonds and other securities, the Financial Times reported on Monday, citing the New York Fed.

Bank Indonesia Issues New Regulation On Foreign Loans (Asia Pulse via Yahoo!7 News)
Bank Indonesia has issued a new regulation on foreign loans by non bank companies to minimize negative effect caused by the foreign exchange loan.

QuickenLoansBuilds Relationships With Quizzle Launch

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7 Ways to Get Rid of Your Debt Permanently

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RecordInvestmentBanking Fee Revenue In 2007 Marred By Sub-Prime…

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Comment on Zillow launches Virtual Sold Sign program by Carnival…

Carnival of Real Estate 79th Edition | Overseas Property Investment Blog | Nubricks

Mena’s resistance to global volatility makes it perfect forinvestment

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BigInvestment, small change

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Investmentofficial resigns after falling asleep at meeting

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