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Fed to provide as much as $900B in loans to banks (AP via Yahoo! News)
The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.
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ECB renews one-day loans of 50 billion dollars (AFP via Yahoo! News)
The European Central Bank renewed on Monday overnight loans of 50 billion dollars (37 billion euros), in what has become a daily effort to keep cash pumping through tight interbank money markets.
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FHA Will Take on Subprime Loans Shunned by Lenders (Update1) (Bloomberg)
Oct. 6 (Bloomberg) -- The Federal Housing Administration has grown so large that by the end of the year it will guarantee mortgages for three in 10 U.S. borrowers, many of whom have bad credit or loans that required no verification of income.
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European Carmakers Want EU40 Billion in State Loans (Update2) (Bloomberg)
Oct. 6 (Bloomberg) -- Automakers have asked the European Union to approve 40 billion euros ($54.4 billion) in low- interest loans to help them develop fuel-efficient vehicles as the global financial crisis affects sales.
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BofA in $8.6 billion deal over Countrywide loans: report (Reuters via Yahoo! News)
Bank of America has agreed to settle claims brought by state attorneys general regarding certain risky loans originated by Countrywide Financial Corp in a deal that could be worth more than $8.6 billion, the Wall Street Journal said.
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IRS Relaxes Rules on Loans From Foreign Subsidiaries (Nasdaq)
WASHINGTON -(Dow Jones)- The IRS is relaxing rules governing loans from foreign subsidiaries to U.S. parent companies. A response to the turmoil in financial markets, the move aims to give U.S. firms access to capital that because of tax reasons, usually remains stored away offshore.
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Fed to provide as much as $900B in loans to banks (San Francisco Chronicle)
The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. The Fed's action is...
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Fed to provide as much as $900B in loans to banks (Boston Herald)
WASHINGTON - The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort today to break through a dangerous credit clog that...
us.rd.yahoo.com
Fed to provide as much as $900B in loans to banks (Richmond Times-Dispatch)
WASHINGTON (AP) -- The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort today to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. The Fed's action is aimed at spurring spooked financial institutions, which are hoarding cash, to lend not only to each other but also to ...
us.rd.yahoo.com
FDIC Might Provide Credit Enhancement On Loans Treasury Buys (Nasdaq)
WASHINGTON -(Dow Jones)- Federal Deposit Insurance Corp. Chairman Sheila Bair said Monday her agency was exploring whether it could assist the Treasury's new program to purchase soured assets from Wall Street, by providing credit enhancements on any whole mortgage loans it buys.
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