Firms are having to "pay through the nose" for credit, according to the Federation of Small Businesses.

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tracker loans — set at a fixed margin over the Bank base rate — by up to half a percent to new customers from Wednesday.

LAST week's big rise in unemployment is forecast to be repeated many times over in the next few months as the financial crisis turns into a slowdown. Locally we have already seen big job losses in the construction industry.

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

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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.

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
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.

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

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.

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.

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.

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
CREDIT CRUNCH CRISIS

Iceland c.bank may have lost large sums, PM says
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.