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   Bank of America loses $5.2 billion as it repays bailout money, loan losses continue (Minneapolis-St. Paul Star Tribune) image



CHARLOTTE, N.C. – Bank of America Corp. said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments and the bank repaid its government bailout money.

Source:Bank of America loses $5.2 billion as it repays bailout money, loan losses continue (Minneapolis-St. Paul Star Tribune)


(Corrects the bank’s non-performing assets as a proportion of net advances to 0.09 percent from 0.9 percent in the ninth para)

Source:CORRECTED – CORRECTED-Yes Bank quarterly net beats f'cast on loan growth (Reuters via Yahoo! Philippines News)


Jan. 20 (Bloomberg) — Romanian central bank Vice Governor Cristian Popa said that the chance of the International Monetary Fund resuming the flow of funds from its $30 billion loan is “extremely good.”

Source:Popa Says Chance of Resuming IMF Loan Is ‘Extremely Good’ (Bloomberg)


MUMBAI, Jan 20 (Reuters) – Private sector lender Yes Bank on Wednesday posted a 19 percent rise in Oct-Dec net profit, helped by higher loan growth that pushed up interest income for the bank.

Source:Yes Bank quarterly net beats f'cast on loan growth (Reuters via Yahoo! Malaysia News)


PUBLIC Bank Bhd is targeting an overall loans growth of between 14 and 15 per cent or a RM20 billion increase for the financial year ending Dec 31, 2010. “We expect a strong loans contribution from domestic operations and also growth in overseas operations particularly from Cambodia and Hong Kong,” Managing Director Tan Sri Tay Ah Lek said today. Speaking to reporters after announcing the bank’s …

Source:Public Bank eyes 14-15pc loan growth (Business Times (Malaysia))

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