Morgan's Foods, Inc. turned to GE Capital Solutions, Franchise Finance to secure $12.6 million to refinance existing loans. The financing extinguishes 25 existing loan agreements before their scheduled maturity and is secured by existing real estate and

May 1 (Bloomberg) -- Federal Reserve officials are betting that seven interest-rate cuts and emergency loans to banks may be just about enough to pull the economy through the biggest financial crisis since the Great Depression.

Fighting losses on its real-estate construction loans, Meridian Bank announced Friday that its wealthy Minnesota owners have infused it with more than $50 million in capital and bought more than $100 million of its real-estate investments. Most of that in

The Finance Ministry rebuffed calls yesterday from the private sector to cut corporate tax rates. Finance Minister Surapong Suebwonglee said authorities had little confidence that a rate cut would facilitate new investment and economic growth.

Since the inception of Islamic banking about three decades ago, the number and reach of Islamic financial institutions worldwide has risen from one institution in one country in 1975, to more than 300 institutions operating in more than 75 countries.