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Updated news on financial matters including the cash advance or payday
loan companies. Our news headlines are current and will always show you
the most current stories. To find stories of interest just scroll down and
look at our current headlines. Each headline about financial matters opens
up to a full story.
 GM says government loans cover worst scenario: report (Reuters via Yahoo! News)
General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.
General Motors May Not Require Further U.S. Loans to Survive (Bloomberg)
Jan. 7 (Bloomberg) -- General Motors Corp. has enough government loans to cover the worst-case scenario it described last month and says it won’t need more if the economy holds up.
Cattles to Cut 1000 Jobs, Write Fewer Loans in 2009 (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Cattles Plc , a U.K. provider of subprime loans, plans to cut 1000 jobs and write fewer loans this year as part of plans to reduce costs to weather the recession.
GM May Not Need Further Loans: Report (TheStreet.com)
General Motors has enough government loans to cover its worst-case scenario and added it won't need more if the economy stabilizes, a report says.
Investor goes public in fight with bank over loans (Orlando Sentinel)
An entrepreneur who invested heavily in Central Florida's real-estate boom is heading to Washington this week to complain that his bank has refused to rework his troubled loans, even though the lender received billions of dollars in government bailout money.
Wells Fargo buys loans, receivables (Montgomery Advertiser)
Wells Fargo, which recently merged with Wachovia, announced it has purchased $730 million in loans and lease receivables from GE Healthcare Financial Services, a unit of GE Capital.
SBA small business loans plunge 57% in first quarter (CNNMoney.com via Yahoo!...
The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.
State might make loans to businesses (Pensacola News Journal)
$10 million in low-interest loans could be made available to businesses.
USDA announces low interest emergency loans for east Texas (Eastex Advocate)
On December 12 the United States Department of Agriculture’s Farm Service Agency (FSA) announced that residents of 19 Texas counties qualify for low interest emergency farm loans to rebuild from Hurricane Ike.
Bad loans ratio improves in October (Yehey!)
Universal and commercial banks (U/KBs) posted a slight improvement in bad loans ratio in October last year due to lower non-performing loans (NPL) and an increase in loan portfolio, the Bangko Sentral ng Pilipinas (BSP) said Tuesday.
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