Wholesaler Joins 3 Banks on Casualty List

Posted by | Posted in improve credit | Posted on 23-05-2011

The Georgia Department of Banking and Finance said it obtained superior court orders authorizing it to take possession of two banks in the state. The Washington Department of Financial Institutions closed down a bank in that state. In addition, Merit Mortgage Services has advised its loan correspondents of its decision to exit the mortgage business.

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Lloyds surrender raises hopes of payouts on PPI

Posted by | Posted in clean credit | Posted on 08-05-2011

The banks’ willingness to fight millions of borrowers who were wrongly sold insurance alongside their loans is crumbling

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NAMA reports €714m loss as discounts average 58pc

Posted by | Posted in clean credit | Posted on 04-05-2011

The National Asset Management Agency has reported a loss of €714m for last year, after setting aside €1 billion to take account of a fall in the value of loans it has taken on from the banks.

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UAE Central Bank puts a stop to bank telesales

Posted by | Posted in clean credit | Posted on 22-03-2011

Banks are now prohibited from marketing loans and other services through telephone

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Banks, borrowers face off in unique court

Posted by | Posted in clean credit | Posted on 09-03-2011

Two Orange County judges are trying to force homeowners in default on loans and their lenders to come to terms, and to keep a flood of foreclosure-related legal challenges from turning into protracted, expensive, time-consuming — and …

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Banks’ fury over lending rules for mentally ill

Posted by | Posted in clean credit | Posted on 27-02-2011

Lenders face a legal minefield with planned new rules on loans to the mentally ill

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Texas Banks are M&A Targets

Posted by | Posted in improve credit | Posted on 25-02-2011

Dallas-based Comerica Inc. announced plans to acquire Houston-based Sterling Bancshares. In the news release, Comerica said, “The strategic acquisition accelerates Comerica’s growth in Texas and maintains Comerica’s capital strength.” A Mergermarket Group report said other Texas banks might be inclined to follow Sterling’s lead, citing lack of growth which increases pressure to sell.

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CBA returns fire with no-fee loans

Posted by | Posted in clean credit | Posted on 25-02-2011

COMMONWEALTH Bank has fired a fresh salvo in the current mortgage pricing war between the major banks with a new no-fee home loan.

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RBI to restructure bank loans to MFIs

Posted by | Posted in clean credit | Posted on 22-02-2011

As bank loans to MFIs are mostly unsecured, the Indian Banks Association had requested RBI in December to relax its restructuring guidelines for the MFI sector.

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Amid Internet boom, top banks expand services, add branches

Posted by | Posted in clean credit | Posted on 13-02-2011

McClatchy Newspapers Friday, February 11, 2011

FORT LAUDERDALE — With a surge in Internet banking, growth in automatic teller machines and a tight economy, you might think that new branches would be far from the focus of banks today.

But many of the country’s big banks are opening more offices to try to sell existing customers more services beyond checking or savings accounts. They’re now peddling the gamut from loans to investment funds, stock brokerage to insurance — activities once off-limits to banking companies.

They’re becoming aggressive partly to recoup some of the money that banks are losing from tighter government rules on overdraft fees and debit cards.

Bankers say their expanded offerings help customers with one convenient location for multiple needs, but some consumers are wary. They fear that fees for simple banking will rise — or at least, not be waived — if they don’t tap into the …

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