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<title>EIN News: East North Central U.S. Banking News</title>
<link>http://www.einnews.com/east-north-central-us/newsfeed-east-north-central-us-banking</link>
<description>Constantly updated news and information about world affairs.</description><item>
<title>Rate spike spurs bids for moratorium, extended credit options</title>
<link>http://www.einnews.com/news.php?wid=201303655</link>
<pubDate>2 Dec 2008 06:32 GMT</pubDate>
<description>
...  days&#39; notice. Using that information, the state banking regulator would determine whether a subprime loan  ...  said John Llewellyn, chief lobbyist for the Michigan Bankers Association. &quot;But if you don&#39;t have the  ...
</description>
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<title>Michigan tries to slow foreclosures</title>
<link>http://www.einnews.com/news.php?wid=201303643</link>
<pubDate>2 Dec 2008 06:32 GMT</pubDate>
<description>
...  days&#39; notice. Using that information, the state banking regulator would determine whether a subprime loan  ...  said John Llewellyn, chief lobbyist for the Michigan Bankers Association. &quot;But if you don&#39;t have the  ...
</description>
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<title>GM jobs bank on chopping block</title>
<link>http://www.einnews.com/news.php?wid=201302851</link>
<pubDate>2 Dec 2008 06:31 GMT</pubDate>
<description>
...  Congress today for $25 billion in government loans to remain afloat. &quot;This deal with Congress  ...  money to automakers paying workers in jobs banks that increase labor costs in the auto  ...  transferring to a job at GM&#39;s Lordstown, Ohio, auto assembly and metal stamping plant. About  ...
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<title>UAW mulls reopening contracts to aid Big 3</title>
<link>http://www.einnews.com/news.php?wid=201302437</link>
<pubDate>2 Dec 2008 06:31 GMT</pubDate>
<description>
...  Pelosi spokesman Drew Hammill. Sen. George Voinovich, R-Ohio, on Monday urged Pelosi and Sen. Majority  ...  will make a compelling case for bridge loans that will allow the companies to return  ...
</description>
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<title>UAW leaders called to Detroit to consider ways to aid Big 3 loans</title>
<link>http://www.einnews.com/news.php?wid=201301307</link>
<pubDate>2 Dec 2008 06:30 GMT</pubDate>
<description>
...  to consider ways to aid Big 3 loans David Shepardson / Detroit News Washington Bureau  ...  Pelosi spokesman Drew Hammill. Sen. George Voinovich, R-Ohio, on Monday urged Pelosi and Sen. Majority  ...
</description>
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<title>Florida lenders halt new foreclosures for 45 days</title>
<link>http://www.einnews.com/news.php?wid=201300872</link>
<pubDate>2 Dec 2008 06:20 GMT</pubDate>
<description>
...  states with foreclosure rates ranking among the top 10 were Arizona, California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio. Earlier Monday, state officials sent an application to federal housing officials for $90 million  ...
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<title>Fannie Mae Taps CFO: Former Hartford Finance Chief David Johnson</title>
<link>http://www.einnews.com/news.php?wid=201297623</link>
<pubDate>2 Dec 2008 06:16 GMT</pubDate>
<description>
...  recently had been executive vice president and finance chief at Hartford Financial Services Group, a  ...  his career, when he was an investment banker at Merrill Lynch. Within months of joining  ...  $115 million to settle allegations by Connecticut, Illinois, and New York that it faked bids  ...
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<title>Top Ten Reasons Why Democratic Victory in USA Equals NPP Victory in Ghana</title>
<link>http://www.einnews.com/news.php?wid=201297029</link>
<pubDate>2 Dec 2008 06:15 GMT</pubDate>
<description>
...  Whether it was Berlin, Germany or Chicago, Illinois, Candidate Barack Obama attracted crowds unseen in  ...  has caused a ripple effect in the banking and financial systems resulting in a choking  ...  shows in the way it is issuing loans to the business sector; and unemployment has  ...
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<title>For now, fixed-rate borrowing unavailable for expansion projects</title>
<link>http://www.einnews.com/news.php?wid=201295665</link>
<pubDate>2 Dec 2008 05:30 GMT</pubDate>
<description>
...  crunch is taking its toll on southeast Wisconsin hospital systems and one Milwaukee-area university as  ...  bank to provide a letter of credit. Banks have become very cautious about the amount  ...  Aurora transaction. However, president William Bertha said the bank has seen double-digit percentage growth in providing  ...
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<title>Malls are next to face foreclosure</title>
<link>http://www.einnews.com/news.php?wid=201295521</link>
<pubDate>2 Dec 2008 05:30 GMT</pubDate>
<description>
...  bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. Hotels in  ...  businesses hit rough patches, owners negotiated with banks or refinanced their loans. But many banks  ...  But many banks no longer hold the loans they made. Over the past decade, banks  ...
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<title>AUTO LETTER TO REID, PELOSI FROM SEN. VOINOVICH</title>
<link>http://www.einnews.com/news.php?wid=201294714</link>
<pubDate>2 Dec 2008 05:30 GMT</pubDate>
<description>
...  already heard from a number of smaller Ohio companies that rely on sales to the  ...  squeeze resulting from the automotive industry&amp;rsquo;s challenges. Banks are further tightening already tight credit standards  ...  view, including from Chairman Frank&amp;rsquo;s Auto Bridge Loan legislation. It remains the only bipartisan proposal  ...
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<title>Construction spending drops 1.2 percent</title>
<link>http://www.einnews.com/news.php?wid=201293577</link>
<pubDate>2 Dec 2008 05:30 GMT</pubDate>
<description>
...  face tougher times getting financing because the banking system is going through a severe credit  ...  hit the country since the 1930s as banks struggle to deal with billions of dollars  ...  fall amid the economic downturn. The Moline, Illinois-based company said last week that its fourth-quarter  ...
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<title>Ford CEO Alan Mulally will travel by car for second Capitol Hill visit</title>
<link>http://www.einnews.com/news.php?wid=201292905</link>
<pubDate>2 Dec 2008 04:51 GMT</pubDate>
<description>
...  Washington later this week to seek government loans, they&#39;ll make sure traveling by corporate jet  ...  Washington for a Thursday hearing before Senate Banking Committee and a House Financial Services Committee  ...  on the ground. Union members in Lordstown, Ohio, said they were told to prepare for  ...
</description>
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<title>U.S. Bank poised to grow bigger, stronger</title>
<link>http://www.einnews.com/news.php?wid=201292305</link>
<pubDate>2 Dec 2008 04:51 GMT</pubDate>
<description>
...  institutional investors and hedge funds, for failing banks -- and for homeowners who never should  ...  gets to the loans held outside the banking industry, I don&#39;t know that they can  ...  said he believes that Associated Bancorp of Wisconsin or Harris Bank of Chicago would be  ...
</description>
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<title>US automakers rush to finish plans for Congress</title>
<link>http://www.einnews.com/news.php?wid=201288325</link>
<pubDate>2 Dec 2008 03:51 GMT</pubDate>
<description>
...  all 50 states. Senator Carl Levin, a Michigan Democrat, said on Monday that he expected  ...  would make &quot;a compelling case for bridge loans.&quot; The industry&#39;s appeal for aid will be  ...  this week in two hearings. The Senate Banking Committee will hold a session on Thursday  ...
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