Debt Consolidation News Aug 2009
PRESS RELEASE: Fitch: Alcentra Ltd European Asset Management Operations M1
Fitch Ratings-Paris/London-19 August 2009: Fitch Ratings has Wednesday assigned Alcentra Limited's (Alcentra) European asset management operations an 'M1' asset manager rating. Alcentra's 'CAM1-' collateralised debt obligation ( CDO) asset manager rating has simultaneously been withdrawn. (Wed, 19 Aug 2009 14:06:52 GMT)
Totaldebtrelief.net Advises Consumers Against Chapter 13 & Chapter 7 Bankruptcy
As personal bankruptcies soar in the U.S., leading advocate against bankruptcy declares consumers have other options for debt relief which offer better results without the repercussions of bankruptcy. (Thu, 20 Aug 2009 07:01:00 GMT)
Nigeria: Managing the Banking Crisis
Abuja — The publication of the names of beneficiaries of the non performing loans that are threatening the health of the 5 Nigerian banks whose boards and managements were sacked last Friday is a radical measure by the Central Bank of Nigeria, CBN. Obviously the measure is part of the naming and shaming approach that the top financial regulator has adopted in addressing the dire situation we now ... (Thu, 20 Aug 2009 10:52:16 GMT)
Totaldebtrelief.net Advises Consumers Against Chapter 13 & Chapter 7 Bankruptcy
As personal bankruptcies soar in the U.S., leading advocate against bankruptcy declares consumers have other options for debt relief which offer better results without the repercussions of bankruptcy. (PRWeb Aug 20, 2009) Read the full story at http://www.prweb.com/releases/20 (Thu, 20 Aug 2009 11:49:48 GMT)
Surge in home loans, store sales lift hope of recovery
Hopes of economic recovery were fuelled today by a sharp rise in mortgage lending and improved sales on the High Street. (Thu, 20 Aug 2009 13:47:50 GMT)
Mortgage defaults soar to record 13%
In the second quarter, the number of homeowners behind on payments or in foreclosure rose along with the jobless rate, with California among states leading the way. Widespread joblessness is causing more Americans to fall behind on their house payments, triggering a new round of foreclosures that some analysts fear could delay the nation's economic recovery. (Thu, 20 Aug 2009 16:52:27 GMT)
Transcript: Inside Pawnbroking
This is a transcript of David Kuo's podcast with Paul Aitken of Borro.com. (Thu, 20 Aug 2009 17:19:51 GMT)
Hot Topics - Reducing your debt
(ARA) - Does your monthly stack of bills leave you wondering where your bailout is? For many Americans, money is tight and spending has become more conservative, but this does not mean that you lack options when it comes to reducing your debt. (Thu, 20 Aug 2009 20:18:27 GMT)
Online Banks: Lower Costs And Little Sacrifice
Besides being a great place to waste hours upon hours of time, the internet is a great source of cheap music, cheap movies and cheap banking. Internet banks are offering more for less to people who are brave enough to give up the comfort of a brick and mortar branch in their neighborhoods. (Fri, 21 Aug 2009 08:01:01 GMT)
PRESS RELEASE: Fitch Affirms Malta At A+; Outlook Stable
Fitch Ratings-London-21 August 2009: Fitch Ratings has today affirmed the Republic of Malta's Long-term foreign currency and local currency Issuer Default ratings (IDRs) at 'A+', respectively. Both ratings have Stable Outlooks. (Fri, 21 Aug 2009 08:51:46 GMT)
Fitch reaffirms Malta’s ’stable’ financial rating
Fitch Ratings has affirmed Malta’s long-term foreign currency and local currency Issuer Default ratings (IDRs) at ‘A+’, respectively. Both ratings have Stable Outlooks. Fitch has affirmed Malta’s Short-term IDR at ‘F1′ and Country Ceiling at ‘AAA’, which is the common Country Ceiling for the euro area. “Malta’s rating affirmation reflects modest success during its first year in the [...] (Fri, 21 Aug 2009 15:07:38 GMT)
Mortgage defaults soar to record 13%
In the second quarter, the number of homeowners behind on payments or in foreclosure rose along with the jobless rate, with California among states leading the way. Widespread joblessness is causing more Americans to fall behind on their house payments, triggering a new round of foreclosures that some analysts fear could delay the nation's economic recovery. (Fri, 21 Aug 2009 17:16:29 GMT)
TSX Venture Exchange Daily Bulletins for August 21, 2009
VANCOUVER, BRITISH COLUMBIA-- - (Fri, 21 Aug 2009 20:20:34 GMT)
The Rise and Fall of Man
These are not the best of times for members of our privileged class. Suddenly, it seems the world is coming to an end. And the poor are having a good laugh. They now know that the rich do sometimes cry. (Sat, 22 Aug 2009 05:12:52 GMT)
Example 1
Let's say you buy a house for $200,000. You make a down payment of $20,000 and borrow $180,000. The day you buy the house, your equity is the same as the down payment -- $20,000: $200,000 (home's purchase price) - $180,000 (amount owed) = $20,000 (equity). (Sat, 22 Aug 2009 11:32:15 GMT)
(AFX UK Focus) 2009-08-24 03:42 Glance-PRESS DIGEST - Financial Times - Aug 24
Financial Times (Mon, 24 Aug 2009 03:04:36 GMT)
Nigeria: EFCC Declares Ibru, Akingbola Wanted
Abuja/Lagos/Lagos — Former Oceanic Bank Managing Director (MD), Cecilia Ibru, and former Intercontinental Bank (MD), Erastus Akingbola, have been declared wanted by the Economic and Financial Crimes Commission (EFCC). (Mon, 24 Aug 2009 08:47:14 GMT)
Mint C.E.O. Eyes Canada and U.K. for Expansion
Mint.com , the personal finance site that has racked up 1.4 million users in the United States, might expand up north and across the pond early next year, according to its founder and C.E.O. Aaron Patzer. (Mon, 24 Aug 2009 10:22:19 GMT)
Get involved...
With a professional debt help provider you can get the support and advice to get out of debt. Take advantage of their money saving and budgeting tips and create a professional debt solution that is specifically tailored to you. (Mon, 24 Aug 2009 10:33:21 GMT)
Nigeria: The Rise And Fall of Man
Lagos — These are not the best of times for members of our privileged class. Suddenly, it seems the world is coming to an end. And the poor are having a good laugh. They now know that the rich do sometimes cry. (Mon, 24 Aug 2009 10:36:05 GMT)
13°C - Sunny Spells with only patchy cloud
When faced with mounting debt problems it can seem like the world is caving in, but this simple debt advice could help relieve the stress associated with debt and help you avoid the stigma of bankruptcy. (Mon, 24 Aug 2009 10:37:52 GMT)
Nigeria: Confusion in the Banks - CBN Struggles to Justify Its Action
Abuja — THE Central Bank of Nigeria appears to be developing cold feet over the war it declared on bank debtors. (Mon, 24 Aug 2009 14:40:46 GMT)
Bills.com Earns Spot on Inc. 500
Bills.com has earned a spot on the Inc. 500 list of fastest-growing companies in America for the second year in a row. (Tue, 25 Aug 2009 07:00:00 GMT)
Income-based loan repayment plan gives students relief
Current and former university students may soon expect relief from impending student loan payments with the July 1 introduction of the U.S. Department of Education's new repayment program, a financial services director said. Melet Leafgreen, the assistant director of loan programs, said the Income-Based Repayment plan aims to make monthly repayment amounts more accurately reflect a graduate's ... (Wed, 26 Aug 2009 02:10:51 GMT)
Top Scoops
Is A Multi-Trillion Dollar Fraud Being Perpetrated On America By Lawrence Summers And The Same Transnational Network That Defrauded Russia Of $1 Trillion? (Wed, 26 Aug 2009 03:45:54 GMT)
7 Tips for Back-to-School Spending from Bills.com
Don't go into debt to send kids back to school (Wed, 26 Aug 2009 07:00:00 GMT)
Debt Consolidation & Debt Consolidation Loans Explained by Totaldebtrelief.net
As more and more consumers struggle with credit card debt, homes which are losing their value, and high unemployment, Totaldebtrelief.net explains debt consolidation & debt consolidation loans. (Wed, 26 Aug 2009 07:01:00 GMT)
Debt Consolidation & Debt Consolidation Loans Explained by Totaldebtrelief.net
As more and more consumers struggle with credit card debt, homes which are losing their value, and high unemployment, Totaldebtrelief.net explains debt consolidation & debt consolidation loans. (Wed, 26 Aug 2009 07:01:00 GMT)
Nigeria: The Debtors' Deceit
Lagos — Dear readers, welcome yet again to another thrilling soap opera. It is coming from the stable of the world's fastest spreading film industry, Nollywood. The cast and crew have since reported to location. (Wed, 26 Aug 2009 09:31:52 GMT)
CIBC Announces Third Quarter 2009 Results
CIBC announced net income of $434 million for the third quarter ended July 31, 2009, compared with net income of $71 million for the same period last year. Diluted earnings per share were $1.02, compared with $0.11 a year ago. (Wed, 26 Aug 2009 10:45:00 GMT)
WPP 2009 Interim Results
NEW YORK & LONDON----WPP today reported its 2009 Interim Results. Billings up 11.1% at £18.742 billion. Reported revenue up 28.4% to £4.289 billion and up 8.6% in constant currencies. (Wed, 26 Aug 2009 11:00:00 GMT)
Fitch Revises Ford/Ford Credit Outlook to Stable
CHICAGO----Fitch Ratings has revised the Rating Outlook on Ford Motor Company and Ford Motor Credit Company to Stable from Negative. In addition, the Issuer Default Rating of Ford is affirmed at 'CCC'. (Wed, 26 Aug 2009 19:20:00 GMT)
Its a Long Road
It was not until Samy Vellu’s inadvertent revelation in Parliament that it was known that the four trustees of Hatibudi Sdn Bhd were (drum roll please) Mahathir Mohamad (PM), Ghaffar... (Thu, 27 Aug 2009 03:42:25 GMT)
CREDIT AGRICOLE SA : Crédit Agricole Group* - Second quarter 2009 Net income - Group share: E663 million (up 55.3 % on ...
(ITnews) - (Hugin) - Crédit Agricole Group* Second quarter 2009 Net income - Group share: E663 million (up 55.3 % on Q1-09; up 2.4x on Q2-08) First half 2009 Net income - Group share: E1,090 million (down 31.7% on H1-08) *Crédit Agricole S.A. and 100% of the Regional Banks Crédit Agricole S.A. (Thu, 27 Aug 2009 05:17:58 GMT)
CREDIT AGRICOLE SA : Crédit Agricole Group* - Second quarter 2009 Net income - Group share: EUR 663 million (up 55.3 ...
PARIS--(Marketwire - August 27, 2009) - Crédit Agricole Group* Second quarter 2009 Net income - Group share: EUR 663 million (up 55.3 % on Q1-09; up 2.4x on Q2-08) First half 2009 Net income - Group share: EUR 1,090 million (down 31.7% on H1-08) *Crédit Agricole S.A. and 100% of the Regional Banks Crédit Agricole S.A. Second quarter 2009 - Solid growth in business line revenues: + 12.3% / Q1-09 ... (Thu, 27 Aug 2009 05:36:53 GMT)
Final Results for the Year Ended 31 March 2009
Under strict embargo: Thursday, 27 August 2009, 7AM Sirius Exploration Plc ("Sirius" or the "Company") Final Results for the Year Ended 31 March 2009 Sirius Exploration Plc, (AIM: SXX, OTC: SRUXY), the diversified mining and exploration holding company focused on North America and Australia, today announces its final results for the year ended 31 March 2009. Operational and Financial Highlights ... (Thu, 27 Aug 2009 06:07:33 GMT)
The Spend-And-Borrow Economy
What's the exit strategy from the monetary and fiscal easing? (Thu, 27 Aug 2009 10:15:16 GMT)
CREDIT AGRICOLE SA : Secondo trimestre 2009
(ITnews) - (Hugin) - CREDIT AGRICOLE SA: Gruppo* Crédit Agricole - Secondo trimestre 2009 Utile netto - Quota gruppo: 663 milioni di E (in crescita del 55,3 % sul T1-09; in crescita di 2,4x sul T2-08) - Primo semestre 2009 - Utile netto - Quota gruppo: 1.090 milioni di E (in calo del 31,7% sul S1-08) Crédit Agricole Group* Second quarter 2009 Net income - Group share: E663 million (up 55.3 % on ... (Thu, 27 Aug 2009 10:18:28 GMT)
UPDATE: Dutch Corio Considering New Share Issue
(Adds detail and CEO and CFO comment.) AMSTERDAM -(Dow Jones)- Dutch real estate company Corio NV (CORA.AE) is considering the possibility of a new share issue directed to institutional and retail investors, its chief executive said Thursday. (Thu, 27 Aug 2009 13:00:47 GMT)
Banks beat estimates, eye acquisitions
Three of Canada's largest banks reported stronger-than-expected quarterly profits on Thursday as soaring trading revenues overpowered credit woes, and shares climbed in early trading on the Toronto Stock Exchange. (Thu, 27 Aug 2009 13:43:00 GMT)
Banks beat estimates, eye acquisitions
both surprised investors with solid profits despite concerns about credit, confirming Canada's reputation as the home of the strongest banks in the world. (Thu, 27 Aug 2009 13:53:32 GMT)
US Bank Enemies At the Gates
While all manner of attention remains transfixed inside the United States on a remedy and recovery of its bank sector, once again Americans make dangerous assumptions. (Thu, 27 Aug 2009 16:41:42 GMT)
Three Canada banks beat estimates, shares rise
Canada's biggest banks reported stronger-than-expected profits on Thursday as surging trading revenues offset mounting credit concerns, sending shares to their highest in a year. (Thu, 27 Aug 2009 20:13:00 GMT)
Three Canada banks beat estimates, shares rise
surprised investors by showing robust profits even as they had to set aside more money for bad loans, confirming Canada's reputation as the home of the strongest banks in the world. (Thu, 27 Aug 2009 20:23:52 GMT)
(AFX UK Focus) 2009-08-27 21:28 WRAPUP 5-Three Canada banks beat estimates, shares rise
By Andrea Hopkins (Thu, 27 Aug 2009 21:03:18 GMT)
OMT Reports Results for Three Months Ended June 30, 2009
WINNIPEG, MANITOBA-- - OMT Inc. announced today the Company's consolidated results for the period ended June 30, 2009. (Thu, 27 Aug 2009 22:43:01 GMT)
OMT Reports Results for Three Months Ended June 30, 2009
WINNIPEG, MANITOBA--(Marketwire - Aug. 27, 2009) - OMT Inc. (TSX VENTURE:OMT) announced today the Company's consolidated results for the period ended June 30, 2009. Second Quarter Highlights - OMT Inc. divested its Intertain Media division in order to focus on the more mature and proven iMediaTouch radio automation product suite and it large installed base of clients. - iMediaTouch was deployed ... (Thu, 27 Aug 2009 22:52:03 GMT)
EFCC: N25.5 Billion Non-Performing Loans Recovered
T he Economic and Financial Crimes Com-mission (EFCC)’s ons-laught against troubled bank chiefs and debtors may have yielded bountifully. Yesterday, the commission announced that it had recovered N25.5 billion from loan defaulters. (Fri, 28 Aug 2009 01:38:21 GMT)
Pyne Gould Corp post $54m loss
Investment company Pyne Gould Corporation has posted a $54.4 million loss caused by writing down bad property loans at subsidiary Marac Finance. The company confirmed the one off impact of the $160 million of impaired property development loans on the result, flagged last month. (Fri, 28 Aug 2009 03:38:49 GMT)
Pyne Gould Corp post $54m loss
Investment company Pyne Gould Corporation has posted a $54.4 million loss caused by writing down bad property loans at subsidiary Marac Finance. (Fri, 28 Aug 2009 03:46:03 GMT)
Pyne Gould Corporation announces Full Year Results
Pyne Gould Corporation Limited (PGC) today confirmed the impact of one-off write downs on its results for the year ended 30 June 2009 in reporting an after tax loss of $54.4m. Underlying operational performance for the Group, including that from ... (Fri, 28 Aug 2009 04:00:55 GMT)
*vwd/BUSINESS WIRE: Ipsens Half Year 2009 Results part_3/4
non-recurring costs in connection with the Group’s acquisitions in North America. In the first half 2008, other operating income and expenses amounted to a net income of EUR1.6 million, generated mostly by the sale of a land that was not used in the Group’s activities. (Fri, 28 Aug 2009 05:18:32 GMT)
Nigeria: EFCC - N25.5 Billion Non-Performing Loans Recovered
Lagos — The Economic and Financial Crimes Com-mission (EFCC)'s ons-laught against troubled bank chiefs and debtors may have yielded bountifully. Yesterday, the commission announced that it had recovered N25.5 billion from loan defaulters. (Fri, 28 Aug 2009 09:15:26 GMT)
Scotiabank reports strong third quarter results of $931 million and record revenues for second consecutive quarter
Earnings per share of $0.87, compared to $0.98 (Fri, 28 Aug 2009 11:08:00 GMT)
Scotiabank reports strong third quarter results of $931 million and record revenues for second consecutive quarter
Scotiabank today reported third quarter income of $931 million compared with $1.01 billion for the same period last year. Quarter over quarter, net income was up 7%. (Fri, 28 Aug 2009 11:08:00 GMT)
Transcript of a Conference Call on the Completion of the First Review Under Latvia's Stand-By Arrangement
MS. NARDIN: Good morning everybody, and a special welcome to the journalists who are participating in this conference call in our resident representative's office in Riga. My name is Simonetta Nardin and I am from the External Relations Department of the IMF. This morning we are here with Anne-Marie Gulde-Wolf, advisor in the European Department, and Mark Griffith, deputy division chief, to ... (Fri, 28 Aug 2009 21:24:43 GMT)
Nigeria: Soludo - If Abroad, Stay There
God save us from professors. And let me finish the message above to Soludo: If you are in Nigeria, run out as fast as you can because the game is up. (Fri, 28 Aug 2009 22:10:20 GMT)
The Hindu Business Line : There is more stability now, says Firstsource CEO
Many client companies have kick-started the process of consolidating vendors to improve efficiency and to get better pricing. We are benefiting from those kinds of things. (Sun, 30 Aug 2009 18:40:07 GMT)
Author Gives Away Free Debt Elimination Book Revealing the Truth about Bankruptcy, Debt Consolidation, Credit ...
DebtFreeLeague.com makes news with a practical solution to help people stay afloat of the staggering wave of unemployment and bankruptcies. The debt management company offers a helpful debt elimination book free to the public. Written by debt management industry author, Victor N. (Mon, 31 Aug 2009 07:01:00 GMT)
Author Gives Away Free Debt Elimination Book Revealing the Truth about Bankruptcy, Debt Consolidation, Credit ...
DebtFreeLeague.com makes news with a practical solution to help people stay afloat of the staggering wave of unemployment and bankruptcies. The debt management company offers a helpful debt elimination book free to the public. Written by debt management industry author, Victor N. (Mon, 31 Aug 2009 07:01:00 GMT)
Author Gives Away Free Debt Elimination Book Revealing the Truth about Bankruptcy, Debt Consolidation, Credit ...
DebtFreeLeague.com makes news with a practical solution to help people stay afloat of the staggering wave of unemployment and bankruptcies. The debt management company offers a helpful debt elimination book free to the public. Written by debt management industry author, Victor N. Chevalier, the timely and informative material provides a no nonsense comparison of the pros and cons of bankruptcy ... (Mon, 31 Aug 2009 07:07:58 GMT)
Nigeria: CBN Clamp Down On Five Banks, a PDP Agenda - AA
Action Alliance (AA) has said that the sack of managing directors and boards of five of the nation's leading banks a fortnight ago by Central Bank of Nigeria (CBN) the governor, Sanusi Lamido Sanusi was a game plan of a mafia within the Peoples Democratic Party (PDP). (Mon, 31 Aug 2009 09:12:19 GMT)
What Makes a Credit Agreement Unenforceable?
With credit card debts causing such big problems for British borrowers, it’s not surprising that millions of people are looking for all sorts of methods to solve these debt problems. The most usual ways are the old favourites of consolidation loans and management programs, with possibly individual insolvency in extreme cases. More recently, however, a new [...] (Mon, 31 Aug 2009 14:43:47 GMT)
FACTBOX-Gulf Arab policy steps to address financial crisis
Aug 31 (Reuters) - Gulf Arab oil exporters have adopted an array of policy measures to ease tight liquidity and prop up sagging investor confidence during a global recession. (Mon, 31 Aug 2009 14:49:59 GMT)
