E loan refinance
These are nervous times for banks all around the globe as they try to refinance debt they owe to banks in other countries. The international inter-bank credit markets almost froze last week as banks stopped trusting each other.
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and UBS to $5.5 billion. BHP, the world’s biggest mining company, needs the $55 billion loan to refinance $40 billion of debt that Rio took on to buy aluminium firm Alcan and to help fund a promised $30 billion share buyback once the deal is completed.
HUD has new program to refinance troubled mortgages (KTAR 92.3 Phoenix)
A new government program has been launched to help people threatened with foreclosure of their homes. “Hope for Homeowners,” run by the U.S. Department of Housing and Urban Development, will let an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans.
Stock Market Boost From Bailout Would Help Connecticut (Hartford Courant)
Shirley Bloethe tried to get a loan this summer from a half-dozen lenders, including her own bank, to buy a bigger building for the secondhand sports equipment store she has owned for 17 years.
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as the government unexpectedly raised borrowing to help refinance the Bank of England s loan to failing bank Northern Rock. “In the years of plenty they put nothing aside. They didn t fix the roof when the sun was shining,” Cameron said.
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