The Credit crisis haunting US and Europe has spread to Australia also. The central bank has taken a steep cut of one percentage point from 6% to 5% in one shot, in order to ease the liquidity crunch affecting the economy. The banking system has seen a dry up of liquidity like in US and […]
The US credit crisis has pushed the investor confidence to new lows with stock market recording new lows yesterday. On top of over ten percentage points decline last week alone, the US markets recorded another over 5% to 7% decline yesterday with the Dow touching four year low figure of below 10000 points during the […]
The US stock market went down further on Friday due to increasing fears that the 700 billion dollar bail out plan may not suffice and also there were reports of more large bank failures emanating from Europe. Only last week, Fortis bank was bailed out at over 16 billion cost by few European governments and […]
Last week , few European governments spent over 16 billion dollars of tax payers money to save Fortis bank from going under. Yesterday again, few European governments have bailed out few of Fortis subsidiaries by spending close to 20 billion dollars. This is indeed expected to increase in coming weeks, and the European leaders are […]
Illinois is one of the best places to live in with relative cost of housing being on the lower side but with excellent surroundings and landscape. People wanting to know the best of Illinois Mortgage offers, normally go through the tough route of browsing through the internet for hours and searching through various agents.Instead , […]
The 700 billion dollar credit crisis bail out bill has been finally cleared by the US senate yesterday with minor modifications. This is expected to pave the way for some more fund injection into the weak financial system, and might be able to restore some of the lost confidence of investors.
The Indian currency, Rupee, has hit a new low in the last few years , by touching the 47 rupees to a dollar mark yesterday. In the last few weeks, the rupee has crashed from less than 43 to a dollar to 47 , which is over 11% drop. Though this is expected to make […]
The US congress today rejected the 700 billion dollar financial bail out plan proposed by Bush administration, and the revised bill is expected to be placed in the next few days.
This has sent the US stock markets in a tail spin and both leading indices S&P and Nasdaq crashed by over eight percent , recording […]
Banks are reluctant to lend any loan to individuals and even to small companies because of fear of further bad loans in their books. Quite a few individuals seeing their credit rating going down from good to average, and from average to bad, due to their defaults / delays in their scheduled loan repayments.
This is […]
These are very tough times with big investment banks and institutions going under and thus credit is very difficult to come by. People find it very difficult to get Personal Loans, home loans, Car Loans etc.
This is where www.bestleadinglenders.com will be able to help you by finding suitable lenders for you for your financial needs. […]
