Posts Tagged ‘loans’
California will be broke in days
Tuesday, June 2, 2009 20:08 No CommentsCalifornia Governor Arnold Schwarzenegger told lawmakers at the Capitol that “California’s day of reckoning is here.” Without any action, the state will run out of money in 14 days. Three months after the state budget was approved, California faces a $24 billion deficit (er that’s on a 90+ billion budget).
HSBC to Pullout of US Lending; Trading Suspended in Hong Kong
Sunday, March 1, 2009 21:08 4 CommentsHSBC requested that trading of its shares be suspended in Hong Kong ahead of an “announcement of a corporate action.” The company is expected to announce the divestment of its US consumer lending business. Shares are expected to begin trading again on Tuesday.
In 2003, HSBC purchased the US consumer lending firm Household International Inc. [...]
GM: Needs $30 Billion from US Citizens; Plans to Fire 47,000 of Those Citizens
Tuesday, February 17, 2009 17:46 No CommentsGM’s proposal to restructure the company includes $30 billion from the US taxpayer while firing another 47,000 of those same taxpayers.
General Motors submitted the plan to the Treasury today to explain how the Detroit automaker will become viable and repay its loans. It says GM will try to borrow up to $16.6 billion more from [...]
