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Britain set for record-low interest rates - Times of Oman
LONDON: The Bank of England will Thursday slash interest rates for a third month running, bringing them to their lowest ever levels as Britain readies to join a growing list of nations officially in recession, analysts said. British interest rates ...

U.S. Banks Offer Mortgage Rates Below 5% as Fed Buys Securities - Bloomberg
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market. JPMorgan Chase & Co. is advertising 30-year mortgages as low as 4 ...

China banks begin offering reduced mortgage rates - Xinhua - CNBC
BEIJING (XFN-ASIA) - China's major commercial banks are beginning to offer mortgage rates for eligible borrowers at 70 pct of the benchmark rate from 80 pct, in accordance with a central bank ruling late last year, the official Xinhua news agency ...

Credit cards shun rate cut - Brisbane Times
Two-thirds of credit cards have still not dropped their interest rates, despite four cuts in Australia's official cash rate. Of the 270 credit cards financial research house Cannex rated in its December review, most set their interest rates between ...

Banks aloof to Bhutanese farmers - Kuensel Online
NATIONAL COUNCIL 8 January, 2009 - Bhutan is readying for two more commercial banks and an insurance bank, but the immediate need, according to National Council parliamentarians, is banking facilities for rural development. Members of the upper house ...

Citigroup, US senators in mortgage legislation talks-WSJ - Reuters
Jan 8 (Reuters) - Citigroup Inc ( C.N ) is leading other lenders in advanced talks with key U.S. senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, the Wall ...

Low mortgage rates tough to get - Inside Bay Area
Mortgage rates are at their lowest level in decades, but thousands of Bay Area residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most bulletproof ...

Treasury's 'guidelines' hint at more bank rescues - The Washington Times
The Treasury has quietly opened the door to more bailouts of major banks like Citigroup that the department deems too big to fail, exposing taxpayers to potentially large losses on the banks' souring loan portfolios. In a little-noticed move on ...

Call to switch as credit cards shun rate cut - The Age
Two out of three credit cards have still not dropped their interest rates, despite four cuts in Australia's official cash rate since September. Of the 270 credit cards financial research house Cannex rated in its December review, the majority set ...

UK rates set to fall to historic low - The Age
The Bank of England will probably cut the benchmark interest rate to the lowest ever today as officials move closer to the limits of conventional monetary policy to fight the recession. The Monetary Policy Committee, led by Governor Mervyn King, will ...



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