Fred Olsen Energy secures new $1.5 billion credit facility - CNBC
OSLO (Thomson Financial) - Fred Olsen Energy ASA said it has secured a new six-year credit facility of up to $1.5 billion. The credit facility, set up via FOE's wholly-owned Dolphin International subsidiary, "will be used to prepay existing loans and
Source: www.cnbc.com

Letters: A rebuttal on foreclosures - Philadelphia Daily News
Like a good conservative, he blames the government, and, in this case, I agree with him, but not for his cited reasons. The government never forced mortgage brokers into given loans to unqualified applicants. It was the conservatives running our
Source: www.philly.com

Mortgage lending: Approvals hit record low - Guardian Unlimited
Approvals for home loans fell to a record low in April, according to figures released by the Bank of England today. Mortgage approvals fell to 58,000 from 63,000 in March - 7,000 less than the 65,000 total predicted by analysts. The figure is the
Source: www.guardian.co.uk

Asset-Backed Bond Sales Slump in Europe as Delinquencies Soar - Bloomberg
June 2 (Bloomberg) — Sales of asset-backed bonds in Europe have slowed to the least in 10 years as the contagion from the subprime mortgage collapse causes loan delinquencies and borrowing costs to rise. Banks and financial institutions sold 22
Source: www.bloomberg.com

Nomura to enter U.S. retail mutual fund market - Reuters
TOKYO (Reuters) - Nomura Holdings Inc (8604.T: Quote , Profile , Research ) has inked a deal to become the investment manager of a U.S. mutual fund specializing in Japanese issues, marking its full-scale entry into the U.S. retail mutual fund market
Source: www.reuters.com

Mortgage approvals at record low - Western Telegraph
The number of mortgages approved for people buying a home fell to a new low for the second successive month in April, the Bank of England said. Just 58,000 loans were approved in April, the lowest since the Bank began collecting data 15 years ago
Source: www.westerntelegraph.co.uk

B&B says 2008 UK house price expectations worsen - Reuters
LONDON, June 2 (Reuters) - British mortgage bank Bradford & Bingley (BB.L: Quote , Profile , Research ) has brought down its expectations of a "modest" fall in UK house prices this year, as part of its re-evaluation of previous, "over-optimistic
Source: www.reuters.com

Nomura launches $3.3 bln distressed Europe fund - Guardian Unlimited
TOKYO, June 2 (Reuters) - Nomura Holdings Inc., Japan's largest brokerage firm, said it had started a 2.1 billion euro ($3.3 billion) fund to buy distressed European assets, positioning itself for the end of the credit crunch, and getting its global
Source: www.guardian.co.uk

Barclays and RBS raided by OFT in loans probe - Times Online
Barclays and Royal Bank of Scotland have been raided by the Office of Fair Trading (OFT) as part of an investigation into price fixing in loans to professional services firms. In a statement, the the consumer watchdog confirmed it had raided two
Source: business.timesonline.co.uk