Qatar Cuts Interest Rates

Decline in Bank Loan Growth April 5 (Bloomberg) -- Qatar’s central bank cut interest rates for the first time in eight months after a slowdown in credit growth.The bank lowered the benchmark overnight lending rate by 50 basis points to 5 percent and the deposit rate by the same amount to 1 percent, Governor Abdullah Al Thani said today in a telephone interview. He didn’t give a reason for the moves. The last reduction in August aimed to counter deflation and low borrowing costs worldwide, the central bank said at the time.Growth in Qatari bank credit dropped to 10 percent in February, the slowest pace since 2009, according to central bank data. The decline came amid political turmoil in the Middle East, with unrest in Tunisia and Egypt spreading into some of Qatar’s Persian Gulf neighbors...

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America Loan Backstop

Bank of America Loan BackstopOn January 16th 2009, Bank of America (BofA) disclosed with its first ever quarterly loss of $1.79 billion, a US government loan backstop for $118 billion on assets mostly from its government encouraged Merrill Lynch acquisition1. The loan backstop is designed to cover a pool of financial instruments, assets, for up to $118 billion with maturities up to 10 years through the Treasury and FDIC with the Federal Reserve providing the actual non-recourse loan2. The non-recourse loans means in the event BofA cannot repay the loan, the government is entitled to seize the risky assets being pledged by BofA as collateral, but if the loan value exceeds the value of the risky assets, it cannot go after BofA for the remaining loan amount.There are a few strict limits imposed...

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Loan Fraud

Fraudulent loans Mortgage Fraud Mortgage fraud is the most common form of loan fraud, and the most costly. The victims can be banks or individuals. And sometimes individuals can perpetrate fraud without even knowing it. “Creative financing” is a term that has been used in the mortgage industry for a long time now. Unfortunately, many times it forces the consumer to commit fraud without even realizing it. Here are a few examples of some things that a mortgage applicant may do which would constitute mortgage fraud:Over appraising a property value. Happen to be good friends with an appraiser? Maybe he bumped up your house value by a little bit to help you get a higher selling price. If that’s the case, it’s mortgage fraud.Applying for a “stated income” mortgage? Maybe you exaggerated your income...

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Five banks given responsibility

Five banks given responsibility of the A$7 billion IPO The government of Queensland has picked up five investment banks to manage the public offering of QR National. The total worth of the IPO is expected to be close to A$7 billion.Credit Suisse, Goldman Sachs, JBWere, Merrill Lynch, RBS and UBS are going to the ones, said the treasurer secretary of Queensland, Andrew Fraser.QR is into the business of coal, freight and infrastructure servicing. The announcement that it would go public came on December 8. A Banker appointed as Chief of Australia Post A banker has been appointed as chief executive of Australia Post. The Government owned mail service has appointed Ahmed Fahour, Former National Australia Bank chief, as chief executive of Australia Post. This was done after a long international...

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Online Payday Loan Sites

Consumers Warned of Online Payday Loan Sites The Consumer Federation of America (CFA) is warning consumers to exercise extreme caution when using Internet payday loan sites, where loans due by the next payday, can cost up to $30 per $100 borrowed and borrowers typically face annual interest rates (APRs) of 650%.According to a CFA survey of one hundred Internet payday loan sites, small loans involving electronic access to consumers' checking accounts pose high risks to consumers who borrow money by transmitting personal financial information via the Internet."Internet payday loans cost up to $30 per $100 borrowed and must be repaid or refinanced by the borrower's next payday," said Jean Ann Fox, CFA's director of consumer protection. "If payday is in two weeks, a $500 loan costs $150, and...

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Why You Need The Best Payday Loans

The Best Payday Loans It can happen to anyone. There's no one among us that's such a good money manager that they can't accidently forget to pay a bill and then find themselves a little short when the notice comes in the mail that they're overdue.We can't foresee when our car is going to break down either and generally we don't have lots of money just sitting in the bank to cover those costly repairs. Those are just a few of the reasons that everyone should have the advantage of knowing where they can get the kind of payday loans that will help them smooth over the trouble spots. These are a great way to get a cash advance on the Internet that's hassle free.A Hassle Free Cash AdvanceFirst and foremost you to understand why the best place to look for one of these loans is on the Internet. The...

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Borrow Money Through a Personal Bank Loan

Instructions Assess your current financial situation by listing your assets, detailing your monthly income and deducting any liabilities, debts or expenses.Ask your employer for a letter confirming your monthly income and job security, and back it up with pay stubs or, if your salary is deposited directly into your bank account, invoice statements.Do some shopping. You may or may not qualify to get a personal loan through your regular bank. If you don't, there are dozens of lenders out there who specialize in personal loansCompare not only interest rates, but also repayment terms. Find out if your monthly loan payment is fixed or variable, and opt for a fixed term whenever possible. Ask about any up-front fees, and make sure you know whether the loan is disbursed all at once or in installments.Offer...

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