Fed announces dates for bank loans (CNN Money)
Federal Reserve outlines schedule for bank auctions through the end of the year; will provide as much as $900B in cash loans to crimped banks.
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Fed lays out details for bank loans (AP via Yahoo! News)
The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed banks.
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ND delegation says co-ops getting $400M in loans (AP via Yahoo! Finance)
North Dakota's congressional delegation says the state's electric cooperatives are in line for more than $400 million in federal loans.
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Russian Oil Companies Seek State Loans, Lukoil Says (Update3) (Bloomberg)
Oct. 7 (Bloomberg) -- Four of Russia's biggest energy companies have asked the government to approve state loans for refinancing debt, said a spokesman for OAO Lukoil , the country's second-biggest oil producer.
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Katrina-hurt businesses micro-loans focus (UPI)
NEW ORLEANS, Oct. 7 (UPI) -- A U.S. foundation said it will begin offering micro-loans to Hurricane Katrina-ravaged businesses in a program similar to those used in developing countries.
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Russian Oil Companies Seek State Loans, Lukoil Says (Update2) (Bloomberg)
Oct. 7 (Bloomberg) -- Four of Russia's biggest oil companies have asked the government for loans to refinance debt, said a spokesman for OAO Lukoil , the country's second- biggest oil producer.
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Bank Of America To Modify Countrywide Loans (NPR)
In the boldest step yet by any bank to address the ongoing foreclosure crisis, Bank of America, which now owns mortgage giant Countrywide Financial, has settled with state prosecutors who sued Countrywide for predatory lending. Bank of America agreed to make loans more affordable for about 400,000 homeowners.
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Brazil May Buy Loans, Use Reserves After Market Drop (Update1) (Bloomberg)
Oct. 7 (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva authorized the central bank to buy loans from cash- strapped lenders and will use the nation's international reserves to ease a credit crunch that sent the local currency to the lowest in two years and roiled stock markets.
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Fed lays out details for bank loans (AP via Yahoo! Finance)
The Federal Reserve provided more details Tuesday about when it will make billions of dollars in short-term loans available to squeezed banks.
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Saudi Hollandi Third-Quarter Net Rises 88% on Loans (Update1) (Bloomberg)
Oct. 7 (Bloomberg) -- Saudi Hollandi Bank, partly owned by ABN Amro Holding NV, said third-quarter profit jumped 88 percent on an increase in deposits and loans.
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