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HDFC Bank cuts rates for used cars
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Indian Express
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Fri 20 Nov, 03:15 AM
Even as the days of cheaper rates are numbered, banks are trying to woo their customers for used cars with lower interest rates. HDFC Bank on Thursday slashed its interest rates on used cars from 15 to 13.5%.The move is expected to induce other...
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U.S. foreclosures hit record, to worsen
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Reuters
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Fri 20 Nov, 12:01 AM
NEW YORK (Reuters) - U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on...
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IIFCL may get 80 mln euro loan from Germany's KFW
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Reuters
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Thu 19 Nov, 10:10 PM
NEW DELHI (Reuters) - India Infrastructure Finance Co Ltd (IIFCL) is likely to get a credit facility of 80 million euros from Germany's KFW, said a top official at...
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Blackstone eyes Citi's auto-loan unit - NY Post
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Reuters
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Thu 19 Nov, 04:40 PM
Reuters - Blackstone Group and other private equity firms have held informal talks with Citigroup Inc over its auto loan unit CitiFinancial Auto, the New York Post said, citing sources.
The unit maintains a loan portfolio of about...
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Reuters Summit - U.S. banks thirsty for more capital
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Reuters
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Thu 19 Nov, 11:01 AM
NEW YORK (Reuters) - Hundreds of U.S. banks are likely to raise capital in the coming months to deal with losses from bad consumer loans, commercial real estate and other assets, and to build war chests to buy failing...
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EXCLUSIVE - GM must pay debt, make money before IPO
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Reuters
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Thu 19 Nov, 06:10 AM
WASHINGTON (Reuters) - General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, a senior government official...
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