Banks are worried that if the concession is not provided then their profits could take a hit as the banking regulator, RBI, has increased the provisioning requirement. View full post on All Stories
Britain’s smaller companies are reluctant to tap banks for financing due to negative perceptions of the sector, a survey said on Friday, as politicians continue to attack the industry for not lending enough to businesses. Britain wants banks to lend more money in order to stimulate the country’s faltering economy, and this week it struck [...]
Ratings agency Standard & Poor’s cut its credit grade for Ireland on Wednesday and warned it could fall further because of doubts about the true scale of defaulting loans yet to surface in the country’s largely state-owned banks. View full post on All Stories
The Guardian has learned that the National Asset Management Agency, the toxic bank set up to cleanse the banks of all property and land loans, has a plan of action for non-performing … View full post on All Stories
The loans, often called “rapid refunds,” are provided by tax preparers in partnership with banks, which provide the funding. View full post on All Stories
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Europeans banks are bracing for a mass exodus of their staff to the U.S. over pay rules. Employees of some of Europe’s largest banks have hinted that they would soon file applications with U.S. financial institutions after receiving their 2010 bonuses, headhunters said Sunday. [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – New Barclays chief executive Bob Diamond told British legislators Tuesday that he is not in favor of government bailing out badly run banks. Instead, mismanaged banks should be allowed to fail, Diamond said to the Treasury Select Committee. MPs also took advantage of Diamond’s [...]
AU Optronics Corp. signed NT$45 billion of syndicated loans with 29 banks, including Bank of Taiwan, the lender said in an e-mailed statement today. View full post on All Stories
Lagos – Twenty one banks will tomorrow transfer their non-performing loans to the Asset Management Corporation of Nigeria (AMCON) in exchange for N1 trillion bonds, at a ground breaking ceremony View full post on All Stories
Connecticut mortgage broker Mark Ballaro said he’s not sure restitution should be paid by Wells Fargo & Co. to all pick-a-payment borrowers. He said monthly statements told people how much they owed and if they were falling behind. “If the banks are culpable, the attorney who represents the buyer is culpable, too, if he didn’t [...]
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