BNZ offers no interest loans for poor

No interest loans designed to give low-income Aucklanders an alternative to borrowing from loan sharks are now being made.

It's the second stage of the Community Finance Initiative pilot project financed by BNZ, which started making low interest loans in August last year.

The scheme parallels an Australian scheme funded by BNZ's parent bank, National Australia Bank.

The bank provides the capital and lending smarts for low and no interest loans to poor people, with charities finding the borrowers.

What Car Parts Are The Most Expensive To Replace?

Having a car comes with a great responsibility. You must keep the cur running at optimal parameters, so it will not endanger your life or the life of other traffic participants, when you drive it.  Also, you are responsible for its maintenance and necessary repairs or replacements. In the following blog we will present you a list with the most expensive car parts to replace.  In many cases, replacements are necessary because the parts were damaged or they are too old. It is another safety measure any responsible driver should take.  Another safety measure is to purchase an advantageous life insurance policy. But for that, you must first use auto insurance quotes online and compare prices.

ICICI Bank Q4 profit beats forecast, sees bad loans situation improving

By Devidutta Tripathy

ICICI (IBN.N), which is also traded in New York, on Monday reported net profit rose 10 percent to a record 29.22 billion rupees ($458.9 million) for the three months ended March, ahead of analysts' estimate of 28.65 billion rupees. Its gross bad loans ratio, however, rose to 3.78 percent from 3.4 percent in the third quarter and 3.03 percent a year earlier.MUMBAI (Reuters) - ICICI Bank Ltd (ICBK.NS), India's biggest private sector lender by assets, said it expects the new financial year to be better in terms of bad loans, after reporting an increase in sour assets in its fiscal fourth quarter.

Navient Reports First-Quarter 2015 Financial Results

WILMINGTON, Del., April 21, 2015 (GLOBE NEWSWIRE) -- Navient (NAVI) today released first-quarter 2015 financial results that include $830 million of student loan purchases, $300 million of common share repurchases, and the acquisition of a new asset recovery and business process outsourcing firm focused on state and local public sector markets.

"We're pleased to begin our first full year as Navient by helping more recent college graduates successfully transition into repayment," said Jack Remondi, president and CEO, Navient. "Private credit quality also continued to improve, leading to a lower loan loss provision. During the quarter, we continued to make investments to enhance our service to clients and customers, and we continue to deliver on our growth plan by welcoming Gila to our family of top-performing asset recovery firms, adding 600 clients and accelerating our growth in business process outsourcing."

Berkshire Hathaway Specialty Insurance Company Expands into Australia,

BOSTON--(BUSINESS WIRE)--

Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has received its insurance license to provide all lines of General Business in Australia, established operations in Sydney, and named Chris Colahan as President of its Australasia Region.

"BHSI is committed to expanding into geographic markets and lines of business where we can provide financially strong, highly responsive underwriting solutions and market leading service. Our move into Australia reflects this strategy. Under Chris’ leadership, we’ve already built a stellar underwriting, claims, and functional team to serve the needs of the Australian market,” said Peter Eastwood, President of BHSI.

JLT Specialty Insurance Services Inc. Announces Appointment of John McNally as Leader and Senior Vice President of its Transaction Advisory Practice

NEW YORK--(BUSINESS WIRE)--

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world’s leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is pleased to announce the appointment of John McNally as Leader and Senior Vice President of its Transaction Advisory Practice.

Agency: DOE's green energy loans won't make a profit

It’s official, the Energy Department’s green energy loan program is actually expected to lose money despite media reports that such loans would net the government a profit.

The Government Accountability Office says the DOE’s oft-touted $28 billion loan program will cost taxpayers $2.21 billion over the lifetime of the loans. Not only that, the costs to taxpayers for green loans has risen about $500 million as “the result of loan guarantee defaults” from companies like Solyndra and Abound Solar.