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Fed announces dates for bank loans (CNN Money)
Federal Reserve outlines schedule for bank auctions through the end of the year; will provide as much as $900B in cash loans to crimped banks.
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Fed lays out details for bank loans (AP via Yahoo! News)
The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed banks.
us.rd.yahoo.com
Katrina-hurt businesses micro-loans focus (UPI)
NEW ORLEANS, Oct. 7 (UPI) -- A U.S. foundation said it will begin offering micro-loans to Hurricane Katrina-ravaged businesses in a program similar to those used in developing countries.
us.rd.yahoo.com
Russian Oil Companies Seek State Loans, Lukoil Says (Update2) (Bloomberg)
Oct. 7 (Bloomberg) -- Four of Russia's biggest oil companies have asked the government for loans to refinance debt, said a spokesman for OAO Lukoil , the country's second- biggest oil producer.
us.rd.yahoo.com
Bank Of America To Modify Countrywide Loans (NPR)
In the boldest step yet by any bank to address the ongoing foreclosure crisis, Bank of America, which now owns mortgage giant Countrywide Financial, has settled with state prosecutors who sued Countrywide for predatory lending. Bank of America agreed to make loans more affordable for about 400,000 homeowners.
us.rd.yahoo.com
Brazil May Buy Loans, Use Reserves After Market Drop (Update1) (Bloomberg)
Oct. 7 (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva authorized the central bank to buy loans from cash- strapped lenders and will use the nation's international reserves to ease a credit crunch that sent the local currency to the lowest in two years and roiled stock markets.
us.rd.yahoo.com
Saudi Hollandi Third-Quarter Net Rises 88% on Loans (Update2) (Bloomberg)
Oct. 7 (Bloomberg) -- Saudi Hollandi Bank, partly owned by ABN Amro Holding NV, said third-quarter profit jumped 88 percent on an increase in deposits and loans.
us.rd.yahoo.com
Fed lays out details for bank loans (AP via Yahoo! Finance)
The Federal Reserve provided more details Tuesday about when it will make billions of dollars in short-term loans available to squeezed banks.
us.rd.yahoo.com
I.R.S., Trying to Ease Credit, Alters Rules on Some Loans (New York Times)
The Internal Revenue Service has taken steps to help ease the credit crisis by allowing corporations to ramp up their use of tax-free loans from overseas subsidiaries.
us.rd.yahoo.com
Credit squeeze: SBA loans drop 30% (CNN Money)
A growing number of businesses are struggling to land loans through the Small Business Administration's flagship lending program. The number of 7(a) loans given in the 2008 fiscal year, which ended Sept. 30, dropped 30% from 2007, the SBA reported last week.
us.rd.yahoo.com
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