Betting On Money

Vietnam Jan-May loans rise faster, cuts foreign debt (Reuters via Yahoo! Philippines News)
HANOI, May 30 - Vietnam’s outstanding loans at the end of May will rise 18.4 percent from the end of 2007, accelerating from a 13.4 percent growth at the same period last year, the central bank’s governor said on Friday.

Kohn Signals Wall Street May Get Permanent Access to Fed Loans (Bloomberg.com)
May 30 (Bloomberg) — Federal Reserve Board Vice Chairman Donald Kohn raised the possibility of giving Wall Street securities firms permanent access to loans from the central bank, as long as regulators tighten oversight of the companies.

Fire victims eligible for low-interest loans (Sebastian Sun)
Florida residents and businesses affected by fires May 11-13 can apply for low-interest disaster loans from the U.S. Small Business Administration.

Strimling, Scontras report loans to own campaigns (Boston Globe)
Campaign finance disclosure reports show that Democrat Ethan Strimling and Republican Dean Scontras have loaned tens of thousands of dollars to their 1st Congressional District nomination campaigns in recent weeks.

Banks step up Fed loans, investment firms scale back (AP via Yahoo! News)
The Federal Reserve’s emergency loans to banks climbed to the highest level on record even as Wall Street investment companies scaled back their borrowing.

IDB to offer low-cost loans to poor muslim countries (AME Info)
Jeddah-based Islamic Development Bank says it will offer low-cost loans to poor Muslim countries to help them offset the impact of high food and fuel prices, reported Gulf News. IDB president Ahmad Mohammad Ali said the five-year would target the least developed states and intermediate-income countries, adding that 32 countries would benefit from it.

RBI group against controlling rates on SME loans (Business Standard India)
The Reserve Bank of India’s Internal Working Group has voiced its dissent against introducing administered interest rate regime for giving loans to small and micro enterprises.