5 councilors ask bank to deny electric coop's P3M loan (Sun Star)
FIVE members of the City Council led by Councilor Asbi Edding asked the Security Bank Corporation to deny the P300 million loan application filed by the Zamboanga City Electric Cooperative (Zamcelco) on grounds of lack of necessity and lack of consultation with member-consumers.

Bank-indebted Romanians rate up 70 pc from last year (Nine O'Clock)
Bucharesters account for one-fourth of loan debtors.

Union Bank to empower hawkers (rediff.com)
Union Bank of India will bring banking services to the doorsteps of over 2.5 lakh hawkers in Mumbai by partnering with their association and FINO Fintec, a micro finance institution.

For consumers, there's little reason to worry (Los Angeles Times)
Financial turmoil at Countrywide Financial Corp., the country's biggest mortgage lender, might have many people wondering whether their home loans are in trouble. And what about funds deposited in Countrywide's affiliated savings and loan operation, Countrywide Bank?

Branch nod to postal bank (People's Daily)
China Postal Savings Bank (CPSB), the nation's fifth-largest lender, has been approved to set up its first branches and sub-branches in Guangdong Province. The China Banking Regulatory Commission (CBRC) said yesterday it has given the go ...

Postal savings bank to open branches (China Daily)
China Postal Savings Bank (CPSB), the nation's fifth-largest lender, has been approved to set up its first branches and sub-branches in Guangdong Province.

Japan Bank Shares May Rise, Say Nikko Citi, JPMorgan (Update1) (Bloomberg.com)
Aug. 16 (Bloomberg) -- Japanese banks have only a small investment in U.S. subprime loan-related products and their shares may rebound because recent declines are excessive, analysts at Nikko Citigroup Ltd. and JPMorgan Chase & Co. said.

JPMorgan, Nikko Say Japanese Bank Stocks Have Fallen Too Far (Bloomberg.com)
Aug. 16 (Bloomberg) -- Japanese banks have only a small investment in U.S. subprime loan-related products and their shares may rebound because recent declines are excessive, analysts at JPMorgan Chase & Co. and Nikko Citigroup Ltd. said.

Head of Va. Bar Association in Loan Dispute (Law.com)
Glenn Lewis is a prominent divorce lawyer in the Washington, D.C., metro area and president of the Virginia Bar Association, but he's had some trouble with his bank, BB&T, which sued Lewis and his law firm at the end of last year for failure to pay back two loans totaling close to $1 million. On at least one occasion last year the firm's payroll wasn't met, and Lewis' house was put in ...

Color of Money Live (Washington Post)
Need advice about how to handle your personal finances? Whether the struggle is saving for retirement, organizing your bank files, talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offers her advice and answers your tough questions.