UBLIN — The former chairman of Anglo Irish Bank Corp. was arrested Thursday on suspicion of committing fraud after he hid more than euro70 million ($100 million) in personal loans from shareholders.
Police said they arrested Sean FitzPatrick, 61, at his home in affluent Greystones, south of Dublin, at sunrise and seized his financial records during [...]
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HONG KONG (MarketWatch) — China’s banking regulator has sketched out new rules for personal loans after such lending by Chinese banks more than doubled in the first half of the year, according to a report.
The China Banking Regulatory Commission called for documentation detailing the purpose of the loans, according to a report [...]
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Personal loans are making a comeback, and banks are getting the cream.
The latest lending figures show fixed-term borrowing for cars, boats and travel has jumped 38 per cent since its low point in November 2008 at the depth of the financial crisis.
Banks have captured all of the growth, boosting personal lending by 57 per cent [...]
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