How a bank fell victim to loan fraud (Los Angeles Times)
Officials allege a scam used phony appraisals and paperwork to wring millions from deals in the Beverly Hills area. Kathy Moore's loan application sailed through the mortgage desk at Lehman Bros. Bank, and little wonder.

Arab Bank Group enters $5b loan agreement for Dubai World (Mena Report)
Arab Bank Group has recently signed a $5 billion loan agreement, as part of a consortium of international and regional banks, for the benefit of Dubai World Corporation. The Arab Bank plays the top role in the deal as the Mandated Lead Arranger.

Bangalore bank staff gets 10yrs RI (The Times of India)
NEW DELHI: A CBI court in Bangalore has awarded ten years' rigorous imprisonment to a former chief manager of the Corporation Bank for sanctioning a loan over Rs 10 crore to a group of companies on the basis of forged documents.

Editorial: Loan arrangements (Sun Star)
THE local opposition certainly had a point when it questioned the proposed ordinance authorizing the mayor's office to enter into a loan arrangement with the Development Bank of the Philippines (DBP) amounting to half a billion pesos to, among other things, buy back the Carmen and Cogon market projects that were re-developed through costly Build-Operate-Transfer (BOT) setups.

Bangalore bank staff gets 10yrs RI (The Times of India)
CBI court has awarded ten years' rigorous imprisonment to a former chief manager of the Corporation Bank for sanctioning a loan over Rs 10 crore to a group of companies.

Man shocked to learn he ‘took car loan’ while in jail (The Star)
KUALA LUMPUR: A former prisoner has been asked to pay a car loan he supposedly took when he was serving his sentence. Wong Ah Peng, 26, from Taiping, said there was more than RM30,000 in outstanding loan which a bank claimed he took on Aug 22, 2005.

Capital Pacific writes off $2M loan (BizJournals)
Capital Pacific Bancorp will write off an unsecured $2 million loan for which the company had previously set aside $500,000 in loan loss reserves.

Taking up a loan or buying on credit (Times of Malta)
I want to take out a loan. What are my rights? When you buy on credit, whether it is from the bank or a shop, make sure you are making the best possible credit deal by working out how much more it is costing you to pay by instalments.

Bank sues developers of Bon Secour Village at Gulf (Mobile Press-Register)
Wachovia Bank has sued the developers of the 1,000-acre Bon Secour Village development, claiming they have defaulted on a $20.36 million loan from the North Carolina-based lender.

SNB Bank adds new executive, bank officer to local staff (BizJournals)
SNB Bank of San Antonio has added a new executive to the financial institution's local office.