Small business loan support scheme unveiled by Mandelson

The government today unveiled a scheme to secure some £20 billion of short term lending to support ... to convert debt into equity. Phil Orford, chief executive of the Forum of Private Business, expressed [more...]

Date: 2009-01-14 17:29:05

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Brown's hi-tech gamble on a new "Labour 3i"

All the headlines are focusing on the business loans guarantee scheme, ... . "We will buy shares in hi-tech companies that have a viable future sot hat they can transfer debt into equity ... it grow, I would like to see it extended. Not because I believe debt or credit are wrong, of course [more...]

Date: 2009-01-14 14:05:43

Goldman Sachs Predicts Loan Losses Will Top $2 Trillion

Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]

Date: 2009-01-15 23:05:05

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