UK Credit Cards

UK banks tapped US crisis loans
Barclays borrowed a cumulative $232bn (£149bn) from the US Federal Reserve’s emergency funds during the financial crisis, according to data released by the central bank yesterday under a Freedom of Information request. The UK bank emerges as the largest user of the “term auction facility”, which offered short-term one- and three-month loans as the money markets seized up.

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Lending Club, Proposer.com make peer-to-peer loans
Before Alex Taguchi proposed to high school flame Jenny Lee, the 26-year-old decided to liquidate about $11,000 in credit card debt, provided he could find a payment plan affordable on his salary as a software support…

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Indian Bank to expand loans against jewels business
With many pawn brokers firms raking in good business by extending loans against pledged jewels, the state-run lender Indian Bank has decided to expand its operations with 15 exclusive gold loan branches in three months, a top official said.

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Here’s the latest on those $50,000 loans for homeowners facing foreclosure
Since I first wrote about federal bridge loans of up to $50,000 to help Washington homeowners who face foreclosure, many of you have written to ask for more information on how, when and where to apply.

Read more on Tacoma News Tribune

World Bank Approves $1.35 Billion In Loans For Mexico Poverty, Water
World Bank Approves $1.35 Billion In Loans For Mexico Poverty, Water

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China, Brazil May Expand Oil-for-Loans Program, Deepening Ties, CBN Says
China and Brazil may expand an oil- for-loans program to intensify energy cooperation, China Business News reported, citing an unidentified official at the National Energy Administration in Beijing.

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Do you think the UK should encourage business in the manufacturing sector to expand its output and take up the decline experienced by the service sector and help the economy out of these recent problems?

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