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Lenders to pass on interest rate cut - Financial Times
High-street lenders including RBS , HBOS and Nationwide moved to cut their mortgage rates on Friday after a dressing down from Alistair Darling at the Treasury. Senior bank executives were invited to meet the chancellor on Friday morning and urged to ...
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One plan would chop premiums by a third; small businesses could see costs increase.
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Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government financing to modify 2.2 million mortgage loans and help a projected 1.5 million American households avoid foreclosure.
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