Loan Rates

Turkey Probes Banks for Rate Collusion Wall Street Journal By JOE PARKINSON ISTANBUL—Turkey's Competition Board will launch an investigation into 12 banks, including the country's biggest lenders, to probe whether they have colluded in setting deposit and loan rates, government officials said Monday. ... See all stories on this topic »

Personal finance: Winter lifeline offered by payday loans – but spiralling ... Liverpool Daily Post "Once your debts pass £2000 or so, and you can't pay back, interest rates become crippling." As the current issue of Moneywise magazine explains, payday loans are a highly controversial topic: with quoted interest rates on loans from 450% to 4214%, ... See all stories on this topic »

Market disruption hits Asian loans Financial Times (blog) Most syndicated loans carry a market disruption clause, which allows banks to increase the rate at which they lend to a company if their own funding costs rise significantly higher than benchmark rates. Triggering the clause typically requires the ... See all stories on this topic » Financial Times (blog)

H&R Block Accused of Preying on Poor Courthouse News Service Defendant and other tax preparers target these high-interest-rate loans to minorities and the working poor, particularly those who receive the Earned Income Tax Credit (EITC). The median adjusted gross income among RAL consumers is $19768. ... See all stories on this topic »

IFR-Banks step up sale of leveraged loans Reuters Some arrangers that were holding a portion of the Term Loan B in French electrical and mechanical engineering group Spie and UK roadside rescue business RAC have sold out of the paper at a lower rate than that at which the deals were allocated after ... See all stories on this topic »

Turkish Competition Board to investigate 12 banks Reuters By Orhan Coskun ANKARA, Nov 21 (Reuters) - The Turkish Competition Board has decided to launch an investigation into 12 banks over complaints of anti-competitive behaviour in setting loan rates, the board's chairman Nurettin Kaldirimci told Reuters on ... See all stories on this topic »

US Billionaires Avoid Reporting Gains to IRS Bloomberg The interest rate on loans to some wealthy individuals has hovered around 1 percent. McCombs, ranked 312 on the most recent Forbes 400 list of the richest Americans, made his fortune in automobiles, real estate, and then by building Clear Channel into ... See all stories on this topic » Bloomberg

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