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
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.

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
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.

A crackdown on the sale of payment protection insurance for loans is proposed by the Competition Commission.

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

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
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.

A Labour MP has called for legislation to cap interest rates on credit cards, loans and store cards.

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

Dragon fires up SMEs to take on green business loans
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)….

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
HSBC's losses relating to the US housing market crisis reach $4.3bn (£2.7bn) in the third quarter.

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
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
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 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
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
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 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?
Barack Obama must confront an enemy worse than any renegade despot or embittered Republican – his in-tray