New Star renegotiates loans and axes jobs as billions wiped off asset values (Independent)
New Star Asset Management, the group that became famous for making its secretaries millionaires when it listed, has renegotiated the terms of its loans and is preparing to slash £20m of costs, as it blamed the economic crisis for a disappointing quarterly performance.

Iron leapfrog Foxes as Malpas leaves Swindon and clubs seek loans (The Little Gazette)
A significant result last night as Scunthorpe showed Blues how to win at Rovers even when Lambert scores to remove Leicesters’ brief reign at the top after their 1-0 win over Yeovil on Tuesday.

Iron leapfrog Foxes as Malpas leaves Swindon and clubs seek loans (The Little Gazette)
A significant result last night as Scunthorpe showed Blues how to win at Rovers even when Lambert scores to remove Leicesters’ brief reign at the top after their 1-0 win over Yeovil on Tuesday.

New Star renegotiates loans and axes jobs as billions wiped off asset values (Independent)
New Star Asset Management, the group that became famous for making its secretaries millionaires when it listed, has renegotiated the terms of its loans and is preparing to slash £20m of costs, as it blamed the economic crisis for a disappointing quarterly performance.

Loan insurance ‘delay’ proposed (BBC News)
A crackdown on the sale of payment protection insurance for loans is proposed by the Competition Commission.

Owls duo available for loan move (BBC News)
Sheffield Wednesday are making Wade Small and Peter Gilbert available for short-term loans so they can get first-team football.

Japan to offer 100 bln dlrs to help emerging nations: reports (AFP via Yahoo! UK & Ireland News)
Japan is ready to lend up to about 100 billion dollars to the International Monetary Fund to help boost loans to emerging countries hit hard by the financial crisis, reports said Thursday.

Japan to offer IMF $100 billion (Times Online)
Japan is to offer the International Monetary Fund up to $US100 billion (£65,432,000,000) to help boost loans to emerging countries hit hard by the financial crisis, according to Japanese media.

MP calls for cap on loans (Epolitix via Yahoo! UK & Ireland News)
A Labour MP has called for legislation to cap interest rates on credit cards, loans and store cards.

Leaders told not to ‘bash’ French banks (Financial Times)
French political leaders were on Monday warned it was “unjustified and totally unhelpful” to “bash” the banks by the head of the organisation providing billions in euros in state-backed loans to lenders.

(AFX UK Focus) 2008-11-11 00:11 Japan Oct outstanding bank loans +2.2 pct yr/yr (Interactive Investor)
TOKYO, Nov 11 (Reuters) – The balance of outstanding loans held by most Japanese banks rose 2.2 percent in October from a year earlier, Bank of Japan data showed on Tuesday.

Dragon fires up SMEs to take on green business loans (vnunet.com)
James Murray, BusinessGreen , Tuesday 11 November 2008 at 00:15:00 Star of Dragon’s Den joins with Carbon Trust to promote £200k interest free loans for energy efficiency investments The Carbon Trust has signed up serial entrepreneur Theo Paphitis to promote the adoption of interest free low carbon loans amongst small and medium-sized businesses (SMBs)….

HSBC profits up on year despite U.S. hit (Scotland Today)
LONDON (Reuters) – Europe’s biggest bank, HSBC, said its profit in the third quarter was up from a year ago as growth in Asia helped offset more than $4 billion (2.5 billion pounds) in bad debts on U.S. home loans.

(AFX UK Focus) 2008-11-10 08:47 UPDATE 1-Global crisis to hit UAE loans, real estate (Interactive Investor)
By Ola Galal

HSBC takes $4.3bn hit on US loans (BBC News)
HSBC’s losses relating to the US housing market crisis reach $4.3bn (£2.7bn) in the third quarter.

Running costs ‘dictate car-buying’ (Channel 4)
Consumers have changed their car-buying decisions dramatically over the last six months, according to a poll. It is now running costs rather than reliability which are the most important thing for people buying vehicles, the survey published by AA Personal Loans found.

Barack Obama backs plea for Henry Paulson to extend bailout to car industry (Times Online)
Barack Obama, the US President-elect, has thrown his weight behind a plea to Henry Paulson, the Treasury Secretary, to use some of his $700 billion (£444 billion) bailout fund to rescue America’s car companies.

Andreas Whittam Smith: Lloyds and HBOS – a merger that should not go through (Independent)
Ever since the Government decided to supply new capital to any British bank that required propping up, I have thought the proposed rescue of HBOS by Lloyds TSB was a nonsense. The merger is against the public interest, for it will substantially reduce competition in the provision of home loans.

Pakistan probes money-change firm (BBC News)
Pakistan investigates the alleged illegal transfer of foreign currency abroad and arrests two directors of one large firm.

France says IMF must end its “imperialist” ways (Reuters via Yahoo! UK & Ireland News)
Several countries are deeply scarred by the “imperialist” approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Kenneth Rogoff: Super-sizing the IMF is wrong (Guardian Unlimited)
Kenneth Rogoff: Dishing out mega-loans to emerging economies won’t work in the long term. The fund’s main role should be a monitoring one

Banks should ‘tap into EU funds’ (BBC News)
Banks should consider taking advantage of £4bn of EU funding to make credit more accessible to firms, the finance secretary says.

What’s in Barack Obama’s in-tray? (Guardian Unlimited)
Barack Obama must confront an enemy worse than any renegade despot or embittered Republican – his in-tray