Finance Minister Amnuay Viravan still sees mergers as one way to rescue finance companies.
It also says Malaysia should have just five finance companies -- from the current 39.
And banks and finance companies, which provided the capital for airplanes bought or leased by airliners.
The finance companies have multiplied since India began deregulating its financial system in 1991.
Before the subprime mortgage market collapsed, some top executives of mortgage and finance companies made a killing.
In my view, this victory for consumer finance companies is likely to have a short shelf life.
Targets for short sales included mortgage finance companies, specialty finance companies and regional, national and global banks.
Often debts are run up because the banks and finance companies encourage people to go into debt.
Result: some small banks and a host of finance companies borrowed heavily abroad and lent recklessly at home.
The groups will be fashioned from Malaysia's existing 21 commercial banks, 12 merchant banks and 25 finance companies.
But the mortgage finance companies have suffered big losses, and there is concern that they might need more capital.
As a result, private companies have been forced to borrow from underground finance companies at often usurious interest rates.
The loans emerged about a decade ago but became more popular during the financial crisis, according to fertility-finance companies.
Citigroup, the world's leading financial-services firm, has bought Associates First Capital, which owns Japan's sixth- and seventh-largest consumer-finance companies.
Besides the companies overtly in this sector, we have a passel of stealth finance companies like Paccar and General Electric.
Finance companies in Jersey are being asked whether they should share more information about their clients with the UK taxman.
This rule permits banks and finance companies to conduct operations in foreign countries without being subject to current U.S. taxation.
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Their weakness puts India's entire banking system at risk, because all of the finance companies clear their transactions through commercial banks.
But the market is crowded with banks and finance companies offering this product, as well as every other product for consumers.
Other major credit card and consumer finance companies include Capital One Financial (COF), Discover Financial (DFS), MasterCard (MA), and Visa (V).
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And we are working intensively with the auto finance companies to increase the flow of credit to both consumers and dealers.
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And in each case, banks and finance companies that lent on overly risky projects lie at the heart of the problem.
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And this week, the allies of banks and consumer finance companies launched a multimillion dollar ad campaign to fight against the proposal.
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The rules unveiled this month allow only finance companies that meet that standard and have an adequate credit rating to accept deposits.
The prices of shares in the biggest consumer-finance companies are between 6% and 27% lower than they were before the Supreme Court's ruling.
All finance companies must have capital equal to 10% of their assets (adjusted for risk) by March this year and 12% by 1999.
These finance companies earned millions of dollars through unusually high fees, high-interest loans and the float (the working capital they handled for their clients).
Another response: Finance companies are offering, or will soon offer, plans in New York that function like leases but transfer titles to car buyers.
To get over the hump, dealers are cutting margins while finance companies are lengthening the usual three-year repayment period to seven and even 10 years.
Mr. Wolfson says he bought the stock after reading a news story on the possibility of the U.S. taking over one or both mortgage-finance companies.
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