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The members of two of Australias largest credit unions, Savings & Loans and Australian Central, today voted to merge the two organisations, creating a $7 billion member-owned financial institution. C

Blanchflower criticises King over secret bank loans (ShareCast)

LONDON (SHARECAST) - Bank of England governor Mervyn King kept other members of the Monetary Policy Committee of 62bn in the dark over secret loans to Royal Bank of Scotland and HBOS, former MPC member Danny Blanchflower claimed today.

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A group of senators wants the United States to oppose any new international loans to Antigua until the island nation compensates victims of the fraud allegedly run by R. Allen Stanford.

39 Chicago-area banks with seriously delinquent loans on books (Chicago Tribune)

Nearly 40 Chicago-area banks had seriously delinquent loans and foreclosed real estate on their books as of Sept. 30 that exceed or come close to their level of loan reserves plus core capital, according to Loan Workout Advisers LLC.

KBank expects recovery to boost SME loans (The Nation - Thailand’s English news)

Kasikornbank targets growth of 8-10 per cent for its small and medium-sized enterprise loans next year, driven by the economic recovery.

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