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GMAC Revs Up Car Loans
GMAC rolled out low-rate loans on GM vehicles after it received Treasury funding, including 0% financing on certain 2008 models.
Wall Street Journal

Australia Stocks Pare Annual Decline as Mining Shares Rally - Bloomberg
Australia Stocks Pare Annual Decline as Mining Shares RallyBloomberg - 1 hour agoSeparately, Rio sold its stake in an aluminum smelter joint venture in China to a partner to help reduce debt. Qingtongxia Aluminium Co. will buy Rio ...
Feed Digest

First Financial boosts reserves to cover more bad loans
First Financial Bancorp is boosting its fourth-quarter loan-loss reserve to cover higher-than-expected loan losses.
bizjournals

European Banks Gird for a `Year of Reckoning`
European banks are bracing for a difficult 2009 as a rising tide of corporate bankruptcies adds to their problems with bad mortgage and credit-card loans.
Wall Street Journal

Morgan seeks protection after debt talks fail
Fashion brand becomes first French retailer to fall victim to the credit crisis after being forced to file for bankruptcy protection
FT.com

Fed to Start Buying Mortgage-Backed Debt Next Month
The U.S. Federal Reserve confirmed on Tuesday it will begin buying mortgage-backed securities in early January with an aim of purchasing $500 billion dollars worth by the end of June under a program a...
Big News Network

GMAC, GM move to boost car loans
AUTO financier GMAC and General Motors will offer 'subprime' car loans and zero per cent financing in a bid to boost car sales.
The Australian

A Property Firm Helps Itself
Liberty's move to convert some bonds to shares has helped the U.K. property company retire some debt.
realestatejournal.com

Opes Prime blow for ANZ
ANZ is being sued in a US class action that alleges it failed to disclose risks from loans to failed margin lender Opes Prime.
News.com

Crisil downgrades eight Indian affiliates of global financial entities
Credit rating agency Crisil has downgraded its long-term debt ratings on eight Indian affiliates of global financial entities.
The Financial Express

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