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Banks, investment firms reduce Fed loans (Washington Post)
WASHINGTON -- Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.
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Ford 'wants 40bn euros in EU loans' for industry (AFP via Yahoo! News)
The European Union should make around 40 billion euros (50 billion dollars) in loans available to the continent's ailing auto sector, the head of Ford Germany said in comments published Friday.
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U.S. Agrees to Buy Student Loans to Ease Borrowing (New York Times)
The Education Department announced that it would buy up to $6.5 billion of federally guaranteed student loans made in the 2007-8 academic year as part of its effort to make sure loans are available.
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FDIC May Exclude Shortest-Term Loans From Debt Plan (Update1) (Bloomberg)
Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
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FDIC May Exclude Shortest-Term Loans From Debt Plan (Correct) (Bloomberg)
(Corrects spelling of school in the sixth paragraph.) Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
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Banks say they're using bailout money for loans (Houston Chronicle)
BC-Meltdown-Banks, 4th Ld-Writethru,610 Banks say they're using bailout money for loans Eds: UPDATES throughout with further testimony, detail; SUBS 3rd graf pvs, Zubrow and ..., to CORRECT total four banks have received to $75 billion sted $85 billion. Moving on general news and financial services.
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AUTO TURMOIL: UAW may give up jobs bank to revive loans (Detroit Free Press)
The UAW is negotiating the possible elimination of its controversial jobs bank and is considering other concessions to help Detroit's automakers win low-cost loans from Congress, people familiar with negotiations said late Thursday.
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Small-business loans still flowing (Boston Globe)
Even as consumer loans become harder to get, many small businesses in Massachusetts report they are still able to borrow money.
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FDIC May Exclude Loans of 30 Days or Less From Debt Insurance (Bloomberg)
Nov. 20 (Bloomberg) -- U.S. bank regulators may exclude loans that mature in 30 days or less from a $1.4 trillion debt- insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
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Govt gives S$2.3b in loans through enhanced business financing schemes (Channel NewsAsia via Yahoo! Malaysia News)
SINGAPORE: The government is giving an additional S$2.3 billion in loans to help local companies gain access to credit during the current economic slowdown.
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