Lending

Asset Based Lending (ABL) has enjoyed a 50 per cent leap in popularity in the last twelve months, while interest in bank overdrafts remained static, according to an independent study of accountants by Venture Finance. WEST SUSSEX, ENGLAND, December ... (more...)

SAN FRANCISCO, Dec 4 (Reuters) - Bank of America Corp will sharply cut lending to coal mining companies that take the tops off mountains, following pressure from groups that call the practice an environmental hazard. The move by the top U.S. bank ... (more...)

LONDON (Reuters) - The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday. The unsourced report in The Daily Telegraph came after the ... (more...)

CHARLESTON, W.Va. - One of the world's largest financial institutions said this week it will phase out lending money to coal operators that use mountaintop removal mining. Charlotte-based Bank of America Corp. said it will stop financing companies ... (more...)

The Bank of England is working on radical plans to inject cash directly into the British economy as a last resort to reverse a slide into recession, a newspaper reported on Friday. The unsourced report in The Daily Telegraph came after the Bank of ... (more...)

ANKARA, Dec 5 (Reuters) - Turkey's central bank said on Friday that banks' foreign exchange reserve requirements could be lowered again if global market problems worsen, after the rate was cut to 9 percent from 11 percent. The bank said the cut in ... (more...)

The State Bank of India on Friday said it will consider rate cut after the Reserve Bank of India announces reduction in benchmark rates. "We will definitely look at our asset liability position soon after RBI's decision on rate cut," SBI Chairman O P ... (more...)

Effective On Thursday, the country’s second-largest private sector lender HDFC Bank lowered deposit rates by 50-225 basis points across various maturities. A senior bank executive told Business Standard that, based on the impact on fund mop-up ... (more...)

LONDON : The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday. The unsourced report in The Daily Telegraph came after the Bank of ... (more...)

The Bank of England cut interest rates from three percent to two percent on Thursday, their lowest level since 1951. The CBI praised the move, but its chief economic adviser Ian McCafferty warned that "what is critical for business and consumers ... (more...)