Loan News

EFG Eurobank Net Slumps 61% EFG Eurobank Ergasias, Greece s second-largest lender by assets, said second-quarter net profit skidded 61%, weighed down by rising provisions on consumer loans and narrower margins.

Japanese stocks pared a strong early advance on Monday as the Bank of Japan s announcement that it would expand its special bank loan programme was largely greeted with indifference.

The yen trimmed losses against the dollar and the euro on Monday after the Bank of Japan decided to expand its cheap fixed-rate loan programme for banks, as widely expected.

NEW YORK----Fitch Ratings has affirmed the ratings and revised the Rating Outlook to Negative from Stable on all notes of the Access Group Private Student Loan Trust 2005-A. Fitch used its Global SF Criteria and U.S.

NEW YORK----Fitch Ratings affirms the senior student loan notes at AAAsf issued by South Carolina Student Loan Corporation 1996 General Resolution. Stable Outlooks are assigned to all bonds.

NEW YORK----Fitch Ratings affirms the senior student loan notes at AAAsf and downgrades the subordinate note to A+sf issued by Iowa Student Loan Liquidity Corporation Series 2005-1.

NEW YORK----Fitch Ratings affirms the senior student loan notes at AAAsf issued by South Carolina Student Loan Corporation 2008 General Resolution. Stable Outlooks are assigned to all bonds.

Shares of most for-profit education companies rose on Tuesday, after the U.S. Department of Education told CNBC it would look into Strayer Education Inc s loan repayment data after the company questioned its validity.

Warner Chilcott Plc lowered the extent of the hit it expects to take to its 2010 and 2011 profit forecast arising from a planned debt recapitalization. The specialty pharmaceutical company said it completed an amendment to its existing credit facilities and took on an additional $1.5 billion in new term loans.

Shares of for-profit schools slid Friday after Corinthian Colleges Inc. said its student loan repayment rates were deteriorating, putting it at risk of losing access to federal financial aid for some programs.

The stocks are hit on renewed worries that U.S. regulators will impose tighter regulations on student loans.

What happened to your money this week: The Dow tumbled 3.3%, Americans owe more on student loans than credit cards, and jobless claims hit a 5½-month high.

Greece has made remarkable progress implementing an austerity program to tackle its debt crisis and is expected to receive the second installment of rescue loans next month, the IMF and EU said Thursday.

The Federal Reserve Bank of New York on Wednesday said it may try to force banks to repurchase bad home loans backing securities it holds, joining the ranks of other big investors who have been gaining momentum with identical demands.

Banco Bradesco , Brazil s second-largest private-sector bank, has enough funds available to fund growth in its loan portfolio and has no need to issue bonds in international markets at this time, Chief Executive Luiz Carlos Trabuco Cappi said on a conference call Wednesday.

An Indian company that makes tiny loans to villagers aims to raise up to $354 million in an initial public offering, a move critics fear will encourage the microfinance lender -- India s largest -- to put shareholders above the poor it serves.

Old National Bancorp posted a second-quarter profit that edged past Wall Street expectations by a cent, helped by lower loan loss provisions.

NEW YORK----Fitch Ratings affirms the BBB rating of the Florida Department of Transportation s up to $270,000,000 Transportation Infrastructure Finance and Innovation Act Rental Car Facility loan for the Miami Intermodal Center .

* Q3 adj loss/shr $0.73 vs loss est $0.53/shr * Net interest income falls 12 pct * Provision for loan losses rise three fold

* SMFG results on July 28, MUFG and Mizuho on July 30 * Three banks expected to post solid Q1 on bond trading * Loan demand remains sluggish, uncertainty lingers