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BoI cuts lending rates by 75 bps Mumbai, Nov. 5 Bank of India on Wednesday announced a 75 basis points cut in its benchmark prime lending rate to 13.25 per cent with effect from November 6. The bank has also decided to reduce deposit rates by 50 basis points with effect ...
- www.independent.co.uk
Leading article: This rate cut is not just about credit, but confidence too (Independent)
In the end, the massed ranks of business lobbyists, economic commentators and politicians got even more than they had been shouting for. The Bank of England yesterday cut interest rates by 1.5 percentage points, the biggest single reduction in 27 years. The base borrowing rate now stands at its lowest level in half a century.
- www.brandweek.com
Wal-Mart Among Best 'Value' Brands, AIG Among Worst - Brandweek Magazine
Wal-Mart Among Best 'Value' Brands, AIG Among Worst Brandweek Magazine, NY - 16 hours ago For credit cards , Visa ranked as best; Discover ranked as worst. • For specialty retail/ home improvement, Home Depot and Lowe's ranked as best; ...
- www.bloomberg.com
HSBC Sets Aside $4.3 Billion More for U.S. Bad Loans (Update1) - Bloomberg
Nov. 10 (Bloomberg) -- HSBC Holdings Plc , Europe's biggest bank, said third-quarter profit rose even as it set aside a more- than-estimated $4.3 billion to cover bad loans in the U.S. and forecast ``further deterioration.'' The U.S. unit ``declined ...
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