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UPDATE - IMF approves Malawi loan as price rises pinch (at Reuters)
WASHINGTON, Dec 3 (Reuters) - The International Monetary Fund said on Wednesday it had approved a $77.1 million loan for Malawi to help the country deal with the effects of higher fuel and fertilizer prices in 2008. 'Recent...
Newstin

Improve Your Credit Score
What you thought was a good FICO score could keep you locked out of getting a loan. Here's what to do.
Forbes

Jury indicts Trimble man for defrauding two KC-area banks
The owner of a large farming operation in Buchanan and Clinton counties in Missouri was indicted by a federal grand jury in Kansas City for defrauding two banking institutions to obtain loans and violating federal bankruptcy statutes.
Bizjournals.com

Ex-PwC clients sue firm for £2m
Sarah Limbrick, Accountancy Age, Thursday 4 December 2008 at 02:16:00Couple sues PwC for more than £2m after being accused of tax fraud whilebeing advised by the firmA couple who say they were accused of tax fraud after relying on advice fromPricewaterhouseCoopers aresuing the firm for more than £2m.John and Marion Coll claim PwC was negligent and cost them £1.5m in taxpenalties and interest as a result of incorrect tax returns.The dispute centres around advice they received after selling their shares inGrosvenor NursingAgency to Nestor Healthcare in 1997 for £2.5m in loan notes. The couplemoved to Belgium, where they lived for two years while the loan notes wereredeemed, to save capital gains tax, on advice from PwC, according to a HighCourt writ.PwC then drafted self-assessment tax returns and gave tax advice which wasfundamentally mistaken, on the basis that their application for capital gainstax clearance was accepted by HMRC when it had been refused, the
Telegraph

U.S. working on affordable mortgage plan: sources
WASHINGTON (Reuters) - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
Telegraph

Rudd mulls taxpayer-owned bank
KEVIN Rudd is considering creating a taxpayer-owned development bank to help states raise infrastructure loans.
The Australian

Lower mortgage rates fuel increase in applications
said mortgage applications more than doubled last week. The weekly Market Composite Index -- the association’s measure of mortgage loan application volume -- surged 112 percent on a seasonally a...
Big News Network

U.K. Banks Hit by Consumer Defaults
U.K. banks are seeing rising insolvencies as more consumers are unable to pay off credit-cards and personal loans.
Wall Street Journal

AIAM: AIAM Supports New Car Tax Credit Bill Sponsored by Senators Mikulski and Bond
ARLINGTON, VA (MARKET WIRE) Michael J. Stanton, President and CEO of the Association of International Automobile Manufacturers (AIAM), sent the letter below to Senators Mikulski and Bond, in support of S. 3684 which would allow consumers to deduct interest payments and excise taxes on new car sales and loans.
Market Wire

Treasury Considers Mortgage Plan
The Treasury Department is considering a plan to revitalize the U.S. housing market by reducing mortgage rates for new loans to as low as 4.5%.
Wall Street Journal

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