Commercial loans online
Oct. 2 (Bloomberg) — Commercial banks and bond dealers borrowed $348.2 billion from the Federal Reserve as of yesterday, an increase of 60 percent from the prior week amid a worsening credit freeze.
Deal to save Germany’s Hypo Real Estate fails (The Star)
BERLIN (AP) - Germany’s No. 2 commercial property lender, Hypo Real Estate Holding AG, said Saturday that a euro35 billion (US$48 billion) rescue plan for the company had fallen apart after private lenders withdrew support.
HK Disney clears commercial loans (Bangkok Post - Thailand’s English news)
By DIKKY SINN, Associated Press Writer. Hong Kong Disneyland said Wednesday it has cleared its commercial loans of about HK$3.3 billion (US$425 million) _ thanks to the help from The Walt Disney Co., which provided a cheap financial arrangement.
Tight credit puts Rochester-area businesses, jobs at risk (Rochester Democrat and Chronicle)
Since the financial chaos began on Wall Street 14 months ago, nervous lenders have increasingly scrutinized business and consumer loans, resulting in a freeze in the credit markets.
HK Disney clears commercial loans (Canadian Business)
HONG KONG - Hong Kong Disneyland said Wednesday it has cleared its commercial loans of about HK$3.3 billion ($425 million) - thanks to the help from The Walt Disney Co., which provided a cheap financial arrangement.
Bank lending still hobbled as Congress deliberates (Reuters via Yahoo! News)
Interbank lending remained at a standstill worldwide on Friday as investors nervously awaited a U.S. House of Representatives vote on a $700 billion financial rescue package.
Commercial paper makes massive drop, Federal Reserve says (Canadian Business)
NEW YORK - Outstanding commercial paper, the short-term debt that companies issue to raise cash, dropped by US$97.1 billion in the week ended Oct. 1, the U.S. Federal Reserve said Thursday, due to the severe seize-up in lending.
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