The telecom venture of Mukesh Ambani-led Reliance Industries, Reliance Jio Infocomm Limited has acquired $750 million which amounts to Rs. 4,815 crores. The company obtained the money from Korean lender and will use the amount to facilitate its upcoming launch of fourth-generation (4G) services across the country. Loan taken by Reliance Jio The loan was […]
Keeping Your Money Safe – Log Book Loans and Dodgy Lenders
A couple of weeks ago, I read an article in the Mirror* about a young lady who’d bought a car in good faith, only to find out that it had an outstanding log book loan on it. As the loan was on the car, the debt had transferred to her when she bought it and […]
ESB Financial Now Offering Amazon.com Downloads with Kasasa Tunes Checking Account
ESB Financial today announced it is offering digital downloads from Amazon.com® as rewards with the Kasasa Tunes™ checking account. Kasasa Tunes is a free, innovative checking account that rewards consumers with digital downloads from iTunes®, and nowAmazon.com every monthly qualification cycle. It is designed for those with a passion for music and media, who want […]
The Lender of Last Resort
Today we begin with the Rothschilds. The following is taken from a London letter, sent to the Rothschild’s New York operators on commencing business in the U.S.: The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition […]
As Lenders Struggle, Buffett Becomes M&A Financier
Posted by Anne Szustek to FindingDulcinea The $18.8 billion purchase of Rohm & Haas is indicative of Dow Chemical—and Berkshire Hathaway’s—strategies to develop a competitive advantage. Dow Chemical agreed July 10 to take over the specialty chemical firm at a 74 percent premium over the previous day’s closing share price. Pushing the transaction along was […]
Experts Offer Tips on Avoiding Home Foreclosure
by James Parks The mortgage foreclosure crisis, fueled by years of unchecked predatory lending practices and a speculative bubble in real estate prices, has resulted in a disaster for millions of America’s homeowners. Not since the Depression of the 1930s have so many U.S. homeowners owed more on their mortgages than their homes are worth. Defaulting […]
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