Commercial bank loans
The capital injection of 10 billion euros gives the Dutch government an 8.5 percent stake in the bank.
DECISION MAKERS: Chris Cottrell (Richmond Times-Dispatch)
Chris Cottrell Cottrell New position: executive vice president and chief credit officer at Xenith Bank Previous position: managing director, risk management for corporate lending at SunTrust Banks Inc. Birthplace: Richmond Education: bachelor’s degree from the McIntire School of Commerce at the University of Virginia; master’s degree from the Darden School at U.Va.
Loan Regulation Probably Wouldn’t Have Prevented This Crisis (Washington Post)
With a presidential campaign in the middle of a financial crisis, it is not surprising that we are besieged with misinformation. Much of it is finger-pointing about responsibility for the absence of effective regulation that would have prevented or moderated the crisis.
Spot Gold Drops to Four-Week Low as Bail-Out Money Piles Up in Commercial Bank Coffers; “Monetary Inflation” Set to … (GoldSeek.com)
THE PRICE OF WHOLESALE Spot Gold bullion slid further on Friday, dipping to a new one-month low beneath $785 an ounce as inter-bank lending rates eased on an historic flood of government cash into commercial bank coffers.
Rates edge lower, but commercial paper drops again (Washington Post)
NEW YORK — Several key lending rates declined again Thursday, but another weekly drop in the amount of commercial paper in the market showed that the credit markets remain under stress.
Strapped Redstone tries to renegotiate $1.6-billion loan (Los Angeles Times)
The media mogul may have to sell more CBS and Viacom shares to make $800-million payment, experts say. With pressure mounting on media mogul Sumner Redstone to dig his way out of his own credit crisis, the billionaire’s privately held firm, National Amusements Inc., was scrambling Friday to renegotiate a $1.6-billion bank loan.
India’s central bank cuts key rate (AFP via Yahoo! News)
India’s central Reserve Bank of India on Monday cut its key short-term lending rate by one percentage point to 8.0 percent, in a move to reduce credit pressures and stabilise financial markets.
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