Shipping Loans

Latest News for: Shipping loans

3 Tips for Getting a Car Loan That Won't Kill Your Financial Future

TDN 23 Jun 2018

Getting a car loan isn't great for your finances because you have to pay interest on an asset that's depreciating in value from the moment you drive it off the lot ... Still, despite the fact car loans have downsides, most people get them anyway for a very simple reason ... If you're shopping for a car loan, you can do so responsibly -- you just need to be smart about where and how you secure financing ... Don't stretch out your loan term....

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Loan frauds worth Rs4cr at IOB, UCO Bank

The Times of India 23 Jun 2018

The Economic Offence Wing (EOW) of city crime branch has unearthed loan frauds worth Rs4 crore at Indian Overseas Bank (IOB), Hanuman Nagar branch, and Mount Road and Swavalambi Nagar branches of UCO Bank ... The accused submitted fake documents to procure car loan from the banks and spent the money on other purposes ... Courts have asked all the accused to pay the loan amount before applying for bails.”....

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ICICI Bank faces new whistleblower plaint over loans

The Times of India 23 Jun 2018

ICICI Bank has disclosed that it has received a whistleblower complaint, alleging irregularities in respect of 31 loan accounts worth Rs 6,082 crore. The allegations pertain to incorrect accounting of interest income on non-performing assets (NPAs) as fees and overvaluation of security provided for corporate loans ... These repayments have to go into a separate account until the loan is repaid....

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ICICI bank probes 31 loan accounts based on whistle-blower complaint

International Business Times 23 Jun 2018

Following a third whistleblower complaint of bad loans, ICICI bank said on Friday that it had conducted a probe into the issue, and found no irregularities ... The complaint filed in March accused 31 loan accounts involving Rs 6,082 crore, of incorrect interest accounting and even overvaluation of security for some corporate loans. This amount represents 1.1% of gross loans of the bank....

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RAPID PROGRESS IN NEXT 18 MONTHS

Sri Lanka News 23 Jun 2018

“When we took over in 2015, the Government could not afford to pay its own loans but after three years of proper fiscal management, we are in a position to provide loans to our people,” Prime Minister Wickremesinghe said at the launch held at the BMICH ... “Small businesses are the backbone of the economy but rising interest rates discourage many from taking loans to expand....

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ICICI Bank UK arm seeks $41.6m from Assam Co holding firm

The Times of India 23 Jun 2018

Assam Co went to the National Company Law Tribunal (NCLT) last year following a loan default ... The UK arm of ICICI Bank has said the outstanding balance of $41.6 million which it had claimed that the bank owed under a 2007 loan provided to Assam Oil Co Ltd, the main holding company of ACIL ... AIL Holding and Cromwell Securities were the guarantors of the loan....

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The Aquarius: Migrant taxi service or charitable rescuers?

BBC News 23 Jun 2018

Italy accuses search and rescue vessels in the Mediterranean of providing a taxi service for illegal migrants and says it wants to impound the ships ... Gavin Lee reports from onboard the rescue ship Aquarius....

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Bank manager seeks sexual favours from farmer's wife to pass loan; booked

Deccan Chronicle 23 Jun 2018

Mumbai. A branch manager of Central Bank of India in Buldhana district has been booked for allegedly demanding sexual favours from a farmer's wife seeking crop loan, police said on Friday....

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College students walk study-money tightrope

The Mercury News 23 Jun 2018

College Loans ... “I work overtime to try avoiding getting myself into a student loan,” Espinosa said ... According to the Student Loan Report, college students who have to borrow money for school take on an average of $27,975 in loan debt ... Student loans don’t offer much more relief. San Jose State University graduate Erika Valderrama lived in constant frustration because of her student loan....

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Ship with reported norovirus outbreak stops in Alaska

This is Money 23 Jun 2018

Centers for Disease Control and Prevention report an outbreak of norovirus on a cruise ship in Alaska ... sick on the Holland America cruise ship Zaandam....

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Holland America cruise ship with norovirus outbreak stops in Alaska

Canoe 23 Jun 2018

Centers for Disease Control and Prevention report an outbreak of norovirus on a cruise ship in Alaska. KTOO public media reports 73 people have reported getting sick on the Holland America cruise ship Zaandam. The ship, which is carrying more than 2,000 passengers and crew, was in Juneau on Friday. The ship is expected to make additional stops in Alaska before returning to Seattle on July 2....

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Main Street Capital's Crown Jewel

Seeking Alpha 23 Jun 2018

MM (Middle Market), Private Loan, and LMM (Lower Middle Market). In a prior article, I made the case that the firm's rising exposure to the Private Loan space and the changes experienced within that space mean that further distribution growth will almost certainly be smaller than it has been in the past ... Just like in the case of its Private Loan and MM companies, Main Street has made sure that its exposure to LMM firms is limited....

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Tight squeeze: Supersized crude carrier calls on Texas City port

Chron 23 Jun 2018

A Very Large Crude Carrier, the aptly named ship that’s nearly too large for the Texas City turning basin, made history this week as the first of its kind to dock and take on crude oil in Texas City. Just 100 feet shorter than the 1,200-foot-wide Texas City turning basin, the massive vessel required four ship pilots and five tug boats to arrive at the Enterprise Products Partners terminal....

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