Rate war hurts banks

Rate war hurts banks
BANKS are cutting interest rates on home loans as the strive to win business and consumers are benefitting.

Sites help grads consolidate their student loans
For many college graduates, dealing with student loan debt ranks right up there with finding a job. One way recent grads can deal with student debt accrued during the college years is loan consolidation. Here are some helpful Web sites:

Microfinance: Services the Poor Can Bank On
The global economy is on a roll. China, India, and many other developing nations are clocking astonishing rates of economic growth, pulling millions out of poverty, and swelling the ranks of the global middle class. Nevertheless, about half the world's population still lives on less than $2 a day. How to eliminate global poverty is the most important economic and social question of our time, but

Oregon ups income for home loans
The state mortgages, which are sold through local banks and savings and loans, are currently carrying a 5.4 percent fixed interest rate on 30-year mortgages.

Interest rate on all SLB loans going to 12%
Effective September 1, the interest rate on all loans from the Students Loan Bureau (SLB) will be 12 per cent, the minister of finance and planning, Dr Omar Davies, has announced.

Debts Spiral Upwards For Millions
Nearly one in five people have amassed debts of more than 10,000 on credit cards, loans, overdrafts and hire purchase agreements.

The Private Bank of California Announces Significant Growth in Assets, Loans and Deposits For the Period Ended March
LOS ANGELES----May 2, 2006--The Private Bank of California today announced that it had significant growth in assets, loans and deposits during its first full quarter of operations ending March 31, 2006.

U.S. Economic Growth Rises Sharply
The economy grew at an annual rate of 4.8 percent in the first quarter, its fastest pace in more than two years.

Prosecutor Zeroes In on Ex-Enron Chief's Finances
Having $100 million in personal debt did not stop Kenneth L. Lay from spending $200,000 on a birthday cruise for his wife and holding onto some $30 million in real estate.

RECALL
Small businesses may apply for a loan up to $l.5 million if they suffered substantial economic injury from the disaster. These working capital loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred. The interest rate is 4 percent, with a maximum term of 30 years.