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Reform of student loans hits Sallie Mae
Tough days could be ahead for Sallie Mae employees in Central Indiana. The student-loan giant is looking at layoffs and consolidation after spending the past year fighting student-loan reform, which Congress approved last week.

Read more on The Indianapolis Star

ABK manages to lower number of pending loans by 4.25 pct
27 March 2010 KUWAIT — Al-Ahli Bank of Kuwait (ABK) announced here Saturday it managed to lower number of pending loans by 4.25 percent, as well as recording a net income off interests by 19.4 percent for the fiscal that ended December 31, 2009.

Read more on Zawya

Data stolen from firm that handles student loans in Virginia
Personal information on 3.3 million people, many from the Washington region, has been stolen from a firm that guarantees student loans, authorities said.

Read more on Washington Post

Lending by banks, savings and loans hits wall in Western Pennsylvania
Balances on loans to businesses and consumers contracted sharply at financial institutions nationally and in Western Pennsylvania last year as the recession set in.

Read more on Pittsburgh Tribune-Review

FDIC to absorb less from bad loans
WASHINGTON, March 27 (UPI) — The U.S. Federal Deposit Insurance Corp. says it will absorb a smaller percentage of the losses on bad loans covered by deals with buyers of failed banks.

Read more on UPI

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