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Cost of personal loans soars in two months research shows (Daily Telegraph)
The cost of personal loans has increased in the past two months despite the sharp fall in interest rates new figures show.
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U.K. Mortgage Approvals Match the Lowest Since 1999 (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- U.K. mortgage approvals matched the lowest since at least 1999 in October as the financial crisis intensified, prompting banks to hoard money and curb loans.
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27-11-2008: EON Bank eyes personal loan pie (The Edge Daily)
KUALA LUMPUR: It may come as a surprise to many, but EON Bank group is just starting to provide personal loans — a basic financial service that all the other commercial banks have been providing all this while.
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Credit Card Crunch (Portfolio.com via Yahoo! Finance)
Meredith Whitney has a piece in the FT which is full of extremely large numbers: Capital destruction has been so intense that multi-trillions in capital raised by institutions through both private and public capital has gone to plug holes and not stabilise the effects of shrinking liquidity to corporations and consumers.
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Auto Sales Likely Fell on Economy, Bankruptcy Concern (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- U.S. auto sales probably fell in November when buyers shunned showrooms as the economy weakened and pleas for federal aid by General Motors Corp.
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Cost of loans up despite rate fall (Channel 4)
The gap between the average cost of a personal loan and official interest rates has nearly doubled during the past two months, research has showed.
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British lending growth slowed in October (Miami Herald)
Britons took out fewer mortgages and reined in spending in October as the economic downturn intensified, the Bank of England said Monday.
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Treasury Urged to Provide No Bailout Benefit to Private Student Lenders (Washington Post)
Student advocacy groups are urging the Treasury Department to prevent a new $200 billion consumer-lending program from benefiting private student lenders, which they say are largely unregulated and prey on students with risky, high-interest loans.
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Prosecutors building case on Fortes’ tax returns (Delaware County Times)
The federal government will produce federal tax returns during discovery in its case against brothers Anthony and David Forte, a federal court has ordered.
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YOUR MONEY: How to hang on to your home (Sunday Herald)
The coming recession means more homes being lost, but there are measures you can take to reduce the threat. on the rise - and that means misery for many ordinary families.
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