“FDIC Auctions Overdue Loans of Silverton, IndyMac (Update1) (Bloomberg)” plus 3 more |
- FDIC Auctions Overdue Loans of Silverton, IndyMac (Update1) (Bloomberg)
- Anglo sues for €86m in unpaid loans (RTÉ News)
- Kirk and Giannoulias spar over family bank problems (Chicago Tribune)
- Cash Doctors Australia Extends $2 Payday Loans Offer Indefinitely Due To A Huge Increase In Product Demand (PRWeb)
| FDIC Auctions Overdue Loans of Silverton, IndyMac (Update1) (Bloomberg) Posted: 01 Mar 2010 08:16 AM PST [fivefilters.org: unable to retrieve full-text content] March 1 (Bloomberg) -- IndyMac Bank, Silverton Bank and New Frontier Bank are among 19 lenders contributing overdue loans to a $610.5 million auction by the Federal Deposit Insurance Corp. |
| Anglo sues for €86m in unpaid loans (RTÉ News) Posted: 01 Mar 2010 11:31 AM PST A businessman being pursued by Anglo Irish Bank in an €86m judgment over unpaid development loans of almost twice that amount has said he cannot pay. Michael Daly said he was never once asked in 25 years of dealing with Anglo or other banks to provide a statement of affairs. Mr Daly told the Commercial Court that Anglo is acting unfairly in suing only him under personal guarantees when it had not moved against a number of solicitors who, he alleged, were also involved in some of the deals and also provided guarantees but wanted their identities kept secret. 'The bank knew my personal guarantees were meaningless in the context of the level of business we were doing with them,' he said. There was 'a blatant disregard' for security of the loans, he added. Anglo has brought the proceedings over unpaid loans of more than €165m advanced to three companies in the Limerick-based Fordham property group and two partnerships. The loans were advanced to buy lands and buildings in and around Limerick city and county for development and sale and lease, including office, retail and residential units and retirement homes. When they were not repaid by December last, the bank appointed a receiver over most of the assets of the companies. Yesterday, Mr Daly said his partners in 'this project' were four partners in the law firm Dermot G O'Donovan & Partners (DGO'D). He said the firm was the legal adviser to the Fordham property group and also his own personal legal adviser. Any loans entered into by the partnerships were done so as partners and any guarantees were on the basis of five guarantors, he added. When his name appeared on mortgages, that was on behalf of the group 'because DGO'D wanted to be hidden'. 'There are no circumstances in which I would have entered into a loan or a guarantee without the five of us being party to it,' he said. 'I now find that I am the only one being summoned in respect of the guarantees.' He said he needed time to get full legal advice on whether to join his partners to the case and whether he had a case for negligence relating to legal advice provided to him related to the guarantees. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Kirk and Giannoulias spar over family bank problems (Chicago Tribune) Posted: 01 Mar 2010 12:03 PM PST Republican U.S. Senate candidate Mark Kirk said today the fate of his Democratic rival's family bank should be an issue of concern for voters in November. "I think there's no question that Alexi Giannoulias bears direct personal responsibility for reckless loans that could bankrupt the Broadway Bank," Kirk said of the Democratic U.S. Senate nominee. "I also worry that the possible collapse of the Broadway Bank will leave taxpayers left paying for Alexi's reckless loans." Kathleen Strand, a Giannoulias spokeswoman, called Kirk's criticism "outlandish" and labeled him a "wholly owned subsidiary of Wall Street." Kirk's comments came after the Tribune reported in its Sunday editions that the bank's chief executive, Demetris Giannoulias, said the family must raise at least $85 million by the end of April to prevent a government seizure of the financial institution. Demetris Giannoulias is the older brother of Alexi Giannoulias. Read more in Clout Street.
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
| Posted: 28 Feb 2010 10:05 PM PST Cash Doctors, Australia's leading online payday loans and cash advance provider, responds to increasing market demand by extending their $2 first time loan offer. Borrowers who have not had a cash advance before with the company can access a payday loan and repay only $2 more than they borrow. (PRWEB) February 28, 2010 -- Cash Doctors, Australia's leading online cash loans provider, has extended their new $2 cash loans offer indefinitely. The move is due to a sharp increase in market demand for payday loans and cash advances in the country. According to Google, in January this year alone, Australians searched for "payday loans" specifically, and generally through other related key phrases, over 100,000 times. Speaking from his Gold Coast base, Greg Ellis, Co-Founder of Cash Doctors, says that it's taken a while for Australians to catch on to this new school loans product but all indicators show that demand and interest are definitely on the rise. "We've had an overwhelming 6000% increase in loan contract offers over the past three years. What we're finding is our clients are using our service as a viable alternative to credit cards and personal loans. They like the idea that there is no long-term debt associated with our cash advances. Our responsible lending practices mean they are unable borrow amounts they can't afford. Additionally, we've gained trust in the market place by offering first-time loans for just $2, so people have a chance to try us out. We've decided to continue the offer indefinitely as it's working well for us". Mr Ellis believes that this growth will continue to expand as payday loans and payday lenders like Cash Doctors cement a positive presence in the industry and more consumers become aware of the product and its benefits. The reasons for the increase in interest can be attributed to many factors. Mr Ellis highlights the following reasons:-
Mr Ellis adds that consumers find that they only use payday loans when they really need them. Impulse buying of unnecessary goods and services using a credit card is avoided completely. "Payday loans will never surpass credit card or personal loans entirely but they are becoming a popular alternative for those needing a quick, short-term credit solution in urgent situations. They also offer small amounts of credit to those who would normally be ineligible for a credit card or a personal loan." Instant approval, cash in minutes and freedom from long-term debt commitment are just some of the benefits of a payday loan. You can read more about payday loans here ### Post Comment: Bookmark - Del.icio.us | Furl It | Technorati | Ask | MyWeb | Propeller | Live Bookmarks | Newsvine | TailRank | Reddit | Slashdot | Digg | Stumbleupon | Google Bookmarks | Sphere | Blink It | Spurl Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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