October 14, 2009

• Small Businesses Want More Small Business Loans

  » Read the full storyIf you are a small business owner you are probably quite hopeful about the future prospects of your venture, but many are still finding it tough to get hold of credit from the banks. (…)

November 28, 2008

• Stocks rise even as grim economic news pours in

  » Click here for the original articleMassive stimulus efforts to stave off a global recession steadied stock markets on Thursday, but grim outlooks in China and elsewhere indicated the economic crisis still had a long way to run.

November 26, 2008

• Fed's new plans fail to depress dollar spreads

  » Read the complete articleA steady drift higher in dollar lending rates in Asia revealed that the U.S. (…)

November 25, 2008

• Huge Drop In Loans For New Homes

  » Read the complete articleMortgage lending fell again during October after making a slight recovery the month before. (…)

• U.S. commits over $5.704 trln in financial rescues

  » Read the complete article in public funds, though a good portion of those funds may be recouped if the assets rise in value.

November 24, 2008

• What to expect from the pre-budget report

  » Read the full story into the economy in a gamble to stave off a deep recession.
  Chancellor set for pre-Budget report (Epolitix via Yahoo! (…)

November 23, 2008

• No quick fixes seen from key mortgage report

  » Read the full storyGovernment guarantees for mortgage-backed bonds and allowing lenders to swap loans for easily saleable government debt could be among proposed remedies for the ailing mortgage market in a report due out on Monday. (…)

• Brown defends plan to keep economy afloat

  » Read the complete articlePrime Minister Gordon Brown defended his plan on Sunday to inject billions of pounds of borrowed money into the economy to try to stave off a deep recession, saying failure to act could cause permanent damage. (…)

November 21, 2008

• Big Rise In Number Losing Homes

  » Read the full storyNew figures show 11,300 more homes were repossessed in the third quarter of the year – up 12% on the previous three months. (…)

• Citigroup slides and eyes options including merger

  » Read the full storyCitigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.

November 20, 2008

• Barratt non-exec opens account

  » Read the complete articleA round-up of the biggest director deals today so far.

• Prospect for auto bailout dims as Senate races clock

  » Click here for the original articleChances dimmed that a last-minute plan being crafted by Republican U.S. senators, with White House support, to provide $25 billion to bail out U.S. (…)

November 18, 2008

• Broker snap: Profit warning fear for L&G

  » Read the full storyDespite management putting a brave face on things at Monday's investor day gathering, JP Morgan has not been dissuaded from its view that Legal and General is the UK insurer most likely to issue a profit warning.

November 17, 2008

• Job losses creating 'homelessness time bomb'

  » Read the full storyA third of Britain's working population would lose their homes within three months without their main form of income, a survey revealed today.

• Survey shows house asking prices down 7.1% since last November

  » Read the complete articleIncreasingly desperate sellers slashed asking prices for homes in England and Wales by 2.9 percent in November, pushing them 7.1 percent below their level a year ago, a survey showed on Monday. (…)

November 16, 2008

• Financial crisis since October

  » Click here for the original article – Here is a chronology of the global financial crisis since October:
  CORRECTED-LSE chief Furse's defensive mettle may pro (Reuters via Yahoo! (…)

November 14, 2008

• White House reviewing FDIC mortgage plan

  » Click here for the original articleThe White House on Friday said it was carefully reviewing a plan by the Federal Deposit Insurance Corp to prevent foreclosures by sharing any losses with mortgage companies that agree to refinance certain home loans. (…)

November 13, 2008

• US abandons plan to buy toxic assets

  » Read the complete articleThe US government has abandoned plans to buy up the toxic mortgage assets at the heart of the global financial crisis, a reversal that helped send ailing world markets spiralling even lower. (…)

November 12, 2008

• US lays out sweeping program to ease mortages

  » Read the complete articleThe US government Tuesday sought to put a floor under soaring home loan defaults and falling property values with a sweeping program to ease payment terms for hundreds of thousands of struggling homeowners.

November 11, 2008

• Citigroup to help 500,000 mortgage holders keep homes

  » Read the complete articleCitigroup said Tuesday it was placing a moratorium on foreclosures for most home loan borrowers, and that it would work with some 500,000 stretched mortgage customers to help them keep their homes.