Kohn Signals Wall Street May Get Permanent Access to Fed Loans (Bloomberg.com)
Kohn Signals Wall Street May Get Permanent Access to Fed Loans (Bloomberg.com)
May 30 (Bloomberg) — Federal Reserve Board Vice Chairman Donald Kohn raised the possibility of giving Wall Street securities firms permanent access to loans from the central bank, as long as regulators tighten oversight of the companies.
Fed to make fresh batch of bank loans (AP via Yahoo! News)
The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.
written-off loans (The Hindu)
In the latest guidelines issued on May 30, the RBI has clarified that the amount of loans written off (prudentially or actually) by the lending institutions will not be covered under the scheme.
Banks step up Fed loans, investment firms scale back (AP via Yahoo! News)
The Federal Reserve’s emergency loans to banks climbed to the highest level on record even as Wall Street investment companies scaled back their borrowing.
Fire victims eligible for low-interest loans (TCPalm.com)
Florida residents and businesses affected by fires May 11-13 can apply for low-interest disaster loans from the U.S. Small Business Administration.
Rs 498 cr farming loans to be waived in district (The Times of India)
Agricultural loans of around Rs 498 crore from 1,66,000 loan accounts of farmers will be considered for the loan waiver scheme announced by the Union government in the Union budget 2008-’09 in February.