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Nov. 24 (Bloomberg) -- Treasuries declined as traders prepared for a $36 billion auction of two-year notes amid speculation a bailout of U.S. banks will force President-elect Barack Obama to spend more than previously estimated to boost the economy ...
Read moreTreasuries Fall Before Sale as U.S. Announces Aid for Citigroup - Bloomberg
WASHINGTON, D.C. — In response to the credit crunch, SBA's acting administrator, Sandy K. Baruah, announced loan-program changes to help the agency's lending partners increase access to capital for small businesses. First, an interim final rule ...
Read moreSBA smooths rocky loan road - Portsmouth Herald
NEW YORK (Dow Jones) -- The Federal Reserve unveiled Tuesday what it called a term asset-backed securities loan facility, a plan under which it will lend up to $200 billion to support the issuance of debt backed by consumer and small- business debt ...
Read moreUPDATE: Fed Unveils $200 Billion Plan To Buttress Consumer Lending - CNN Money
Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government desired when it seized the mortgage finance giant. The McLean-based company and its bigger sibling, Fannie Mae of the ...
Read moreFreddie Mac Increases Support for Ailing Home Loan Market - Washington Post
STOCKHOLM, Nov 25 (Reuters) - Swedbank said on Tuesday it raised loans of about 30 billion Swedish crowns ($3.8 billion) under the Nordic country's state-sponsored guarantee scheme for new bank lending. The bank said the cost of new lending under the ...
Read moreSwedbank raises $3.8 bln in guaranteed loans - Forbes
WASHINGTON — Taxpayers might be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. The answer is that Uncle Sam thinks letting Citi fail is unthinkable. The ...
Read moreWhy Citi had to be rescued - Austin American-Statesman
The Bank of England's Monetary Policy Committee meets on Wednesday, with a 1pc cut in interest rates rumoured to be possible Photo: Getty Concern is growing for the future of the UK's 4.7m small businesses, which in total employ 13m people, as ...
Read moreGovernment must rethink bank bail-out - Daily Telegraph
Shasta County has run out of money. The city of Redding is scrambling to find more. Welcome to DAP circa 2008. DAP stands for down payment assistant program and with home prices plunging and mortgage rates low, interest in this aid is booming. Shasta ...
Read moreBuzz: Down payment assistant programs doing brisk business - Record Searchlight
WASHINGTON - Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. The answer is that Uncle Sam thinks letting Citi fail is unthinkable. The ...
Read moreAp » Business - Waterloo Cedar-Falls Courier
NEW YORK — Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. The answer is that Uncle Sam believes letting Citi fail is unthinkable. The ...
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