Fed Eyes Plan To Fund Short-term Business Loans - Msnbc washington - the government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy. the federal reserve is working with the treasury department ... www.msnbc.msn.com
Horizon Bancorp Announces Increase In Third Quarter Provision For Loan Losses horizon bancorp (nasdaq: hbnc) ("horizon") announced today that it has taken a provision for loan losses of $3.137 million for the third quarter of 2008. this compares to a provision of $1.490 million for the second quarter of 2008. this increase is primarily due to the deterioration of three commercial loans in horizon's loan portfolio. horizon's commercial loan portfolio totaled approximately ... www.centredaily.com
State Says It Will Speed Up Grants For Clean Energy - Nashville Tennessean karen cochran has waited since june to find out if she'll get a state grant and loan to help add solar panels to the commercial and office building she owns in downtown franklin. she says she needs to act while federal tax credits are available and ... www.tennessean.com
Lehman Creditors Seek Documents From Jpmorgan - Forbes new york, oct 6 (reuters) - a group of lehman brothers holdings inc creditors are asking a u.s. judge to allow them to conduct depositions and access documents from jpmorgan chase & co, claiming jpmorgan prevented lehman from accessing $17 billion in ... www.forbes.com
The Privatebank Names Bernie Lacayo Head Of Loan Syndications the privatebank-chicago today announced that bernie lacayo is named managing director and head of loan syndications, responsible for arranging syndicated loan transactions for its middle-market commercial clients. biz.yahoo.com
Fed Says It Will Pay Interest On Banks Reserves the federal reserve said monday it will begin paying interest on commercial banks' reserves and will expand its loan program to squeezed banks by billions of dollars, fresh steps to help ease a painful credit crisis. news.yahoo.com
Global Stocks Sink As Crisis Spirals; Fed Moves To Thaw Credit Markets - Washington Post under fire: lehman brothers chief executive richard s. fuld jr. is questioned by members of the house committee on oversight and government reform about why he failed to rein in risky investments and paid out huge severance packages. story, d1 (by ... www.washingtonpost.com
Dow Recovers To Close Down 370 After Plunging 800 - Times Of India new york: wall street suffered through another extraordinary and traumatic session monday, with the dow jones industrials plunging as much as 800 points - their largest one-day point drop - before recovering to close with a loss of 370. the catalyst ... timesofindia.indiatimes.com
Fed Takes Steps Given Under Bailout Bill the federal reserve said that it would begin paying interest on commercial banks? reserves and would expand its loan program to squeezed banks by billions of dollars. www.nytimes.com
State Says It Will Speed Up Grants For Clean Energy karen cochran has waited since june to find out if she'll get a state grant and loan to help add solar panels to the commercial and office building she owns in downtown franklin. www.tennessean.com
Corning Rejects Holiday Free Parking - Star-gazette there won't be any this year. the corning city council on monday removed the free parking provision from the city code with the backing of the gaffer district and the gaffer district business association. "it was a great idea, but it backfired," said ... www.stargazette.com
Bankers Writing Commercial Real Estate Loans More Carefully - Star News Online finding money for a commercial real estate project was getting a lot harder even before the credit crisis came to a head this week, wilmington area developers, builders and brokers say. will it get worse? answers ranged from probably to hopefully not ... www.starnewsonline.com
Horizon Bancorp Announces Increase In Third Quarter Provision For Loan Losses michigan city, ind.----horizon bancorp announced today that it has taken a provision for loan losses of $3.137 million for the third quarter of 2008. this compares to a provision of $1.490 million for the second quarter of 2008. biz.yahoo.com
Fed Considers Plan To Thaw Frozen Credit... - Washington Post with financial markets in near-meltdown, governments around the world scrambled to find new ways to infuse vast amounts of cash into banks and even directly to companies to help resuscitate the global financial system. the federal reserve last night ... www.washingtonpost.com
Topwrap 2-nervous Markets Take Heart From Big Australia Rate Cut - Forbes beijing, oct 7 (reuters) - guarded optimism mounted on tuesday for a unified international response to the credit crisis ricocheting around the world after australia cut interest rates far more steeply than expected. the focus shifted to other ... www.forbes.com
Fed Says It Will Pay Interest On Banks Reserves washington -- the federal reserve said today it would begin paying interest on commercial banks' reserves and would expand its loan program to squeezed banks by billions of dollars, fresh steps to help ease a painful credit crisis. www.post-gazette.com
Tighter Times On Campus - Charleston Post & Courier for college-bound students this year, a good credit score might be just as important as a good sat score. universities are waiting to see how the financial crisis will affect private student loans, the standards for which began tightening even before ... www.charleston.net