Investors in OPI Pacific Finance should finally know this week the details of how and when they will get their money back from the financially troubled firm.

Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. The latest to feel the pinch: - Cash-out refinancings. - Loans with anything less than full documentation of borrower...

Bandar Seri Begawan - Financial institutions have, been urged to heed the directives of the Ministry of Finance to reduce excessive personal lending and initiate a paradigm shift towards saving and investment instead.

Don't expect Morgan Stanley and Goldman Sachs to offer toasters or coffee mugs to customers opening checking or savings accounts as the last of the big-name investment banks transform into commercial banks.

Union Finance Minister P Chidambaram today launched "Housing Micro Finance Initiative" for mofussil and rural public under which Self Help Group members could avail housing loan.