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Sharp drop in small business loans (CNN Money) The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.
Wells Fargo buys loans and leases from GE (BizJournals) Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
Flaherty has 'productive' meeting with bankers on flow of loans (The Canadian Press via Yahoo! Canada News) TORONTO - Canada's banks say they are lending to creditworthy borrowers, amid perceptions that they are butting heads with Finance Minister Jim Flaherty over the availability of loans to businesses and individuals.
Tax Refund Loans: Know Your Rights | WBNG-TV Binghamton, NY | Local Top Stories (WBNG Binghamton) The economy likely has many people eager for a tax refund this year. As Action News reporter Gabe Osterhout tells us, New York wants to make sure you understand understand the costs of refund anticipation loans.
Chile yearly growth slows to 3.6 pct as crisis slashes copper prices, stalls loans (Minneapolis-St. Paul Star Tribune) SANTIAGO, Chile - Chilean officials say the nation's economy expanded 0.1 percent in November, its slowest pace since March 2002. The global financial crisis stalled business loans and slashed prices for copper, its top export.
Home Loans May Become Prohibitive (BruDirect.com) Bandar Seri Begawan - Home buyers may find their choices of future residences narrowed by the new Building Tax which, once and if applied on residential buildings, may cut the amount of home loans they can take out from banks.
Peter Crabb: Bad loans still on banks' books will prolong recession (The Idaho Statesman) What happened to the $700 billion pail? Months ago, when President Bush said “our entire economy is in danger,” his administration asked for and received $700 billion to buy bad mortgage-backed loans off the books of U.S. banks.
SCVBank Exceeds $100 Million in Loans (Santa Paula Times) Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced it achieved a milestone level of $100 million in loans outstanding. Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced it achieved a milestone level of $100 million in loans outstanding.
Pink calls for more Libor loans (Money Marketing Online) Pink Home Loans has urged more lenders to launch London Interbank Offered Rates linked mortgage products. ...
A system that invited bankers to make bad loans (USA Today) Our view on the credit crisis: A system that invited bankers to make bad loans Banks and S&Ls could pick their regulators; some of the worst did. Here's a system Willie Sutton would have loved. Under the federal government's banking...
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