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November 21, 2008

Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)

Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)
Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion (16 billion pounds) in loans.

‘All options’ open to increase bank lending (Epolitix via Yahoo! UK & Ireland News)
The government is considering “all options” to ensure that banks offer loans to small businesses and families, Downing Street has said.

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Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)

Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)
Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion (16 billion pounds) in loans.

Small lenders criticise FDIC scheme (Financial Times)
The Federal Deposit Insurance Corporation may on Friday revise a $1,400bn programme to guarantee bank debt on concerns the scheme could undermine the market for overnight loans between banks and unfairly disadvantage community lenders.

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November 20, 2008

Blues close in on Portsmouth’s Christophe but look at loans to fill the gap (Latics MAD)

Blues close in on Portsmouth’s Christophe but look at loans to fill the gap (Latics MAD)
The French midfielder has been in fine form since arriving on loan from Portsmouth in September and Blues boss Steve Tilson has confirmed the Frenchman should be staying at Roots Hall when the transfer window re-opens in January.

Iceland secures $5.1bn bailout (Financial Times)
Iceland has finally secured a $5.1bn bail out comprising a $2.1bn loan from the International Monetary Fund and additional loans of up to a total of $3bn from Denmark, Finland, Norway, Sweden, Russia and Poland and the Faroe Islands.

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November 19, 2008

Premium Bonds Rate Cut Not Matched For Student Loans – community blog from Roger Elwell (Finextra)

Premium Bonds Rate Cut Not Matched For Student Loans – community blog from Roger Elwell (Finextra)
I heard on the radio this morning that the prize fund for premium bonds has dropped. The reason given was because of the drop in interest rates, and so therefore the chances of winning money through this vehicle also had to drop.

Woman jailed for £25,000 of loans (BBC News)
A banker from Norfolk who took out £25,000 worth of loans in her mother’s name is jailed.

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White House says opposes more than $25 billion for automakers (Reuters via Yahoo! UK & Ireland News)

White House says opposes more than $25 billion for automakers (Reuters via Yahoo! UK & Ireland News)
The White House on Tuesday said it opposed providing automakers more funds than the $25 billion (16 billion pounds) in government loans already appropriated to help the ailing industry.

(AFX UK Focus) 2008-11-18 21:23 UPDATE 2-Big CMBS loans seen near default, index yields soar (Interactive Investor)
By Al Yoon

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November 18, 2008

Council loans to help small firms (BBC News)

Council loans to help small firms (BBC News)
Scotland’s largest council is to offer loans to small businesses affected by the economic downturn.

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Credit crunch blamed as loans value triples at DSL (The Herald)

Credit crunch blamed as loans value triples at DSL (The Herald)
DSL Business Finance, the not-for-profit business support agency based in Glasgow, yesterday said the value of its loans had more than tripled over the past five months as a direct result of the credit crunch.

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November 17, 2008

Toyota seen planning zero-interest loans in Europe (Interactive Investor)

Toyota seen planning zero-interest loans in Europe (Interactive Investor)
Mon 17 Nov, 2008 01:03

Toyota seen planning zero-interest loans in Europe (Reuters via Yahoo! UK & Ireland News)
Toyota Motor Corp will offer zero-interest loans on its new cars across Europe to revive sagging sales, the Nikkei business daily reported on Monday.

(AFX UK Focus) 2008-11-17 00:18 FEATURE-Global credit crisis hurts tiny loans in South Asia (Interactive Investor)
By Rina Chandran

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November 16, 2008

Chelsea’s Mancienne shocked by dream England call-up (AFP via Yahoo! UK & Ireland News)

Chelsea’s Mancienne shocked by dream England call-up (AFP via Yahoo! UK & Ireland News)
Shock England call-up Michael Mancienne has admitted it was a dream come true to be named in Fabio Capello’s squad for Wednesday’s friendly against Germany.

Germany looks to aid crisis-hit automakers (AFP via Yahoo! UK & Ireland News)
Signs grew Sunday that Berlin may do more to help Germany’s entire industry a day ahead of a crisis meeting between Chancellor Angela Merkel and executives from cash-strapped Opel.

Mancienne: Fantastic To Be Involved (Sporting Life via Yahoo! UK & Ireland Sport)
Michael Mancienne admits it is a dream come true to be called up to the senior England squad.

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Is it really a case of PPI or bust for borrowers? (Independent)

Is it really a case of PPI or bust for borrowers? (Independent)
The job news is bleak and many of us are wondering how we would pay for our mortgages, loans and other forms of credit if we were made redundant. Over the years, some 13 million of us have bought payment protection insurance (PPI), which covers our loan repayments if we are unable to work. In the current climate, that sounds good, but the cost to the consumer can be considerable. Many policies …

NO LOANS FOR YOUNG GUNS (News Of The World)
ARSENE WENGER is turning down DAILY requests for his young reserve stars — so he can keep his Carling Cup side together.

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