Lloyds TSB profits dip as HBOS toxic hit tops £5bn (The Scotsman: Business)
HBOS doubled its hit from toxic assets and bad loans to more than £5 billion yesterday, as its would-be acquiror Lloyds TSB warned of a sharp slide in nine-month profitability

(AFX UK Focus) 2008-11-03 09:06 Oman sets dlr loans to banks at LIBOR +150 pts (Interactive Investor)
DUBAI, Nov 3 (Reuters) – Oman’s central bank has allocated about $2 billion to lend to local banks at an interest rate of LIBOR plus 150 basis points, its governor told Al Arabiya television on Monday. The central bank said on Sunday it would provide dollar liquidity to banks in the Gulf Arab state to make up for shortages caused by the global financial crisis. “We encourage banks to acquire the …

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and another 15 billion to secure refinancing. It posted a third quarter net loss of 285 million euros. Britain’s biggest home lender HBOS raised its hit from the value of risky assets and bad loans to over 5 billion pounds as its takeover partner Lloyds TSB predicted a sharp fall in profits.

UK confident Saudis will help IMF (Financial Times)
Gordon Brown, the UK’s prime minister, on Sunday said he expected Saudi Arabia, the world’s largest oil producer, to provide funding to the International Monetary Fund to help it bail out economies hit by the financial crisis.

UK confident Saudis will help IMF (Financial Times)
Gordon Brown, the UK’s prime minister, yesterday said he expected Saudi Arabia, the world’s largest oil producer, to provide funding to the International Monetary Fund to help it bail out economies hit by the financial crisis.

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The deal would create a banking giant controlling about a quarter of current accounts and 28 percent of home loans, which would normally have raised a competition red flag.

(AFX UK Focus) 2008-11-02 02:53 Vietnam expects 2008 bad debts under 4 pct-c.bank (Interactive Investor)
HANOI, Nov 2 (Reuters) – Vietnam’s total bad debts in the banking system are unlikely to exceed 4 percent by the end of the year, a central bank official said. Total non-performing debt as of the end of September was 35 trillion dong ($2.1 billion), or 2.92 percent of overall outstanding loans, Deputy Central Bank Governor Nguyen Dong Tien said in a government banking report seen on Sunday. …

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The deal would create a banking giant controlling about a quarter of current accounts and 28 percent of home loans, which would normally have raised a competition red flag.

Citigroup loses $1.4 bln on securitizations (Reuters)
NEW YORK (Reuters) – Citigroup Inc lost $1.4 billion from packaging credit card loans into bonds in the third quarter, a regulatory filing showed on Friday.

Citigroup loses $1.4 bln on securitizations (Reuters)
NEW YORK (Reuters) – Citigroup Inc lost $1.4 billion from packaging credit card loans into bonds in the third quarter, a regulatory filing showed on Friday.

Nissan offers zero percent loans on five models (Reuters)
DETROIT (Reuters) – Nissan Motor Co Ltd said on Friday it is offering interest free loans on five vehicle models to boost sales and assist buyers sidelined by the credit squeeze.

Small loans a must, PM tells banks (Daily Mirror)
CREDIT CRUNCH CRISIS

Iceland c.bank may have lost large sums, PM says (Reuters via Yahoo! UK & Ireland News)
Iceland’s prime minister said on Friday the country’s central bank may have lost as much as 150 billion Icelandic crowns (768.2 million pounds) from loans it made to local banks, although precise figures were not yet available.

(AFX UK Focus) 2008-10-31 12:30 Spain home loans and prices drop -surveys (Interactive Investor)
MADRID, Oct 31 (Reuters) – Mortgage lending in Spain fell 42.3 percent in September from a year earlier, official data showed on Friday, and separate data confirmed the sector’s bleak state, showing existing house prices fell 7.5 percent in October. As banks became choosier and homebuyers demanded fewer mortgages because of falling prices and the weakening economy, financial institutions lent …

Small loans a must, PM tells banks (Daily Mirror)
CREDIT CRUNCH CRISIS

Gordon Brown meets Angela Merkel to discuss economic crisis (Guardian Unlimited)
Meeting coincides with announcement of up to £4bn in EU loans for small and medium-sized UK firms