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LeBron has easy night, Cavaliers rout Bobcats - 1 hour ago - CLEVELAND The Celtics are coming. The Cavaliers are ready. LeBron James scored 21 points before grabbing an early seat on the bench, Mo Williams added 15 points and Cleveland warmed up for its highly anticipated matchup with Boston by 0133 : International Herald Tribune

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 5 hours ago - Jan. 7 Bloomberg Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought 558 million of home loans that the Federal Deposit Insurance Corp. 0133 : Bloomberg

ICICI cuts home, auto loan rates 50 bps - 1/1/2009 - The bank s decision came after rate cuts by public sector banks and some of its major private sector rivals like HDFC and HDFC Bank earlier this month. ICICI Bank said it has reduced its floating reference rate FRR for home loans and auto 0133 : Business Standard

Treasury's 'guidelines' hint at more bank rescues - 1 hour ago - The Treasury has quietly opened the door to more bailouts of major banks like Citigroup that the department deems too big to fail, exposing taxpayers to potentially large losses on the banks' souring loan portfolios. In a little-noticed 0133 : The Washington Times

Late Loan Payments Hit Record High - 6 hours ago - Late payments on consumer loans in last year's third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association said Wednesday. The association said delinquencies rose to a seasonally adjusted 2.9 0133 : CBS 3 Philadelphia

Paulson Recommends Nixing Freddie and Fannie - - Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system. In what the 0133 : Washington Post

US Rep Frank outlines limits of further TARP funds - 5 hours ago - WASHINGTON, Jan 7 Reuters - Top U.S. banking executives could see their bonuses curtailed while troubled homeowners could count on getting more direct government aid when Congress authorizes new financial rescue funds, the chairman of the 0133 : Reuters

Late loan payments hit a record high - 8 hours ago - BOSTON - Late payments on consumer loans in last year s third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association ABA said Wednesday. The association said delinquencies rose to a seasonally 0133 : MSNBC