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Aug. 5 (Bloomberg) -- Hudson City Bancorp Inc. Chief Executive Officer Ron Hermance , who built the company into the largest U.S. savings and loan amid a worldwide credit crunch, said the current crisis isn't the worst he's seen. The subprime-induced ...

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Hudson City's Hermance Says Credit Crunch Isn't Worst He's Seen - Bloomberg

Aug. 5 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC should have access by January to $25 billion in government loans to convert factories to build alternative-fuel vehicles, a Michigan lawmaker told U.S. regulators. The loans ...

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GM, Ford Should Receive $25 Billion in Plant Aid, Dingell Says - Bloomberg

LONDON, Aug. 4 (UPI) -- HSBC Holdings said Monday it would stop writing new U.S. car loans after reporting a 29-percent decline in first-half profits. The bank reported first-half net profits of $7.72 billion, compared with $10.9 billion a year ago ...

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HSBC to stop writing U.S. car loans - United Press International

del.icio.us After running Chrysler LLC for a year, Cerberus Capital Management LP must be wondering if its mascot, the three-headed dog that guards the gates of hell, is protecting it from the underworld or leading it into the flames. Since the ...

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Chrysler's future cloudy after year with Cerberus - San Francisco Gate

The Le Roux family are trapped in a Rock mortgage amid falling house prices and negative equity, forcing Hillary, a mother of two, to take on two jobs, including one working weekends until midnight, to avoid going into arrears. Three years ago, a ...

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'I worry it won't get any better and we could be in this situation for ... - Guardian Unlimited

Britons typically have 5 per cent less money in their bank accounts than a year ago, HSBC revealed yesterday in one of the most graphic illustrations of the rising cost of living. Increasing utility and food bills were responsible for the decline in ...

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HSBC says current accounts shrink by 5% - Times Online

Barack Obama, unveiling a broad energy plan, said he supports tapping the nation's Strategic Petroleum Reserve to drive down gasoline prices in the short term. Republicans responded by criticizing the Democratic presidential contender's apparent ...

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Obama Is for Tapping Oil Reserve - Wall Street Journal

The Government is being called on to help first-time buyers with their deposits for an affordable housing mortgage. The Affordable Homes Partnership says many prospective buyers are unable to raise the money for their deposits because some banks now ...

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Govt urged to provide loans to first-time buyers - Independent

HSBC today abandoned offering car loans to poor and credit-impaired Americans as it revealed the credit crisis wiped a further $10.1 billion (£5.1 billion) from its profits. Britain's biggest bank posted a 28 per cent slide in first half pre-tax ...

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HSBC profit falls 28% as bad debt rises $10bn - Times Online

Poor credit can hit you very badly when you want to apply for any loan. There are very few loans which are available to the bad credit holders. If you repay the auto loans for people with poor credit timely your credit score can go up. As the auto ...

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