January 8th, 2008
Prime minister Gordon Brown said today banks have the responsibility of passing on Bank of England (BoE) rate cuts to the wider public.
‘Society and banks have a duty to take that (the BoE’s quarter point rate cut to 5.50 pct last month) into account,’ he told reporters.
For his part, Chancellor of the Exchequer Alistair Darling […]
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Filed under: News, banks, finance, mortgage, uk by Finance Boss
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December 6th, 2007
Agriculture Commissioner Steve Troxler reminds nurseries that they may be eligible for low-interest drought assistance loans offered through the U.S. Small Business Administration. The loans are available for all qualifying small businesses affected by the drought.
“Loans are now available for eligible nurseries because of three recent federal disaster declarations,” Troxler said. “Most North Carolina counties […]
Filed under: Loans, News, Small Business by Finance Boss
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November 30th, 2007
The full effects of the credit crunch are now starting to be felt – and a result personal loans and mortgages are starting to be more difficult to secure.
This week two lenders, Hanley Economic Building Society and Eskimo Loans, withdrew their personal loans – meaning one in ten lenders have left the market after […]
Filed under: Loans, News, mortgage, uk by Finance Boss
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November 27th, 2007
Citing rising mortgage delinquencies and tightening credit markets, Fieldstone Mortgage Co. has filed for Chapter 11 bankruptcy protection.
The Columbia company’s board of directors agreed to the move in a special meeting held Nov. 23, according to documents filed in U.S. Bankruptcy Court for the District of Maryland. Fieldstone said it has liabilities of more than […]
Filed under: Loans, News, debt, mortgage by Finance Boss
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