Commercial real estate loan rate
LONDON, Oct 2 (Reuters) - Qatar National Bank (QNB) is looking to secure a $1.5 billion loan, banking sources close to the situation said on Thursday.
AIG May Need to Sell More Units to Repay U.S. Loan (Update2) (Bloomberg)
Oct. 2 (Bloomberg) — American International Group Inc. head Edward Liddy , who promised investors a smaller, nimbler company after selling units to repay an $85 billion U.S. loan, has shareholders wondering if there will be anything left to run.
Libor Rises, Commercial Paper Slumps as Credit Freeze Deepens (Bloomberg)
Oct. 2 (Bloomberg) — Interest rates on three-month dollar loans rose to a nine-month high, short-term corporate borrowing fell by the most ever and leveraged loans tumbled, exacerbating the credit freeze that’s paralyzing businesses around the world.
Nuclear plant loan guarantee apps received (UPI)
WASHINGTON, Oct. 2 (UPI) — The U.S. Department of Energy says it has received 19 Part I applications from 17 electric power companies for nuclear plant construction loan guarantees.
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.
Lending remains tight as clock ticks on bailout (AP via Yahoo! News)
NEW YORK The credit markets remained choked late Wednesday, keeping key lending rates and demand for Treasurys at lofty levels after the Senate passed the U.S. financial rescue plan.
Survey: UK banks plan lending cuts (CNN)
Banks and other lenders in Britain plan further cuts in lending to households and businesses over the next three months, the Bank of England said Thursday.
Finerman Raising $3 Billion to Make Property Loans (Update1) (Bloomberg)
Oct. 2 (Bloomberg) — Mark Finerman , who left as head of commercial real estate lending at RBS Greenwich Capital in May, is raising about $3 billion for a fund to make senior property loans, people familiar with the matter said.
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