A6 Rival Shiite factions in Lebanon reportedly near truce A11 Japan will not renew loans to China despite the lifting of martial law in Beijing.
While the Gutierrez bill would ban "rollovers" that renew loans when borrowers can't pay them off, the Baca bill would allow some rollovers.
Rather than wait for overseas investors to reject the opportunity of renewing loans, the ECB has stepped in.
Chrysler Plea to Greenspan Some banks are refusing to renew loans to Chrysler - which, calling the loans vital, asked Alan Greenspan to intervene on its behalf.
Apple said it was moving to strengthen its financial condition by renewing certain short-term loans and by pursuing additional financing alternatives.
The problem is that banks here are short of money and are refusing to renew commercial loans, even to customers who have always paid on time.
Commercial banks have been refusing to renew short-term loans and demanding repayment instead.
The memo then stipulated that employees who renewed such loans, if secured by real estate, would receive a $100 bonus for each loan.
Even more alarming, when lenders demand repayment instead of renewing loans, money that would have been available for spending is diverted to repaying debts.
Obama intervened in the troubled automotive industry in March 2009, renewing loans for General Motors and Chrysler to continue operations while reorganizing.