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The Bank of Africa Tanzania Limited (BOA) has unveiled a package of steps to boost growth in Arusha, promising loans to SMEs without the traditional collateral, as it seeks closer ties with the country`s second largest commercial town.
Reliant Energy to shut or sell commercial business (Houston Chronicle)
Reliant Energy has stopped signing up or renewing contracts with large commercial customers and will shut down that part of its retail electric business or sell it outright, the company said Friday
1st Ave. site up for sheriff s sale (BizJournals)
Minnwest Bank Central has won a judgment for $3.9 million against a Hopkins investor for a defaulted loan on a Minneapolis Warehouse District commercial building.
Government urges lenders to act (BBC News)
Prime Minister Gordon Brown says the government has met bankers in an attempt to ensure lenders pass on the rate cut.
SBA to unclog credit flow to entrepreneurs (Orlando Sentinel)
Small-business loans were on the decline during the past year, according to the U.S. Small Business Administration.
Lloyds TSB backs HBOS with $16 billion loan: report (Reuters via Yahoo! News)
British bank Lloyds TSB Group Plc is providing financial support to its takeover target HBOS Plc through a 10 billion pound ($16 billion) loan facility, Britain’s Sunday Times reported.
Nationwide Says Home Loans Fell, Writes Down 834 Million Pounds (Bloomberg)
Nov. 10 (Bloomberg) — Nationwide Building Society, the U.K.’s biggest customer-owned lender, said mortgage lending fell 72 percent in the fiscal first half as it funded loans from customer deposits amid the seizure in capital markets.
Construction loan delinquencies may hit 10 percent this quarter (BizJournals)
Delinquencies in California s commercial real estate edged up ever so slightly in the third quarter but still remain among the lowest in the country.
Trade’s Lending Lifeline (Washington Post)
World economic leaders will gather in Washington Saturday for a summit to address the global financial crisis. It is no coincidence that Brazil, China, India and other emerging-market nations have not only been invited to the summit but are expected to play meaningful roles. The credit crunch, which began in the United States, has quickly spread to the developing world. The summit agenda will be …
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