Posts Tagged ‘Banks’

Hardening interest rates & rising NPAs: twin challenges to banks

Hardening interest rates & rising NPAs: twin challenges to banks
Every year, even as winter trails away, it leaves in its wake a set of expectations for the coming spring. Among these is the Union Budget, which is presented amidst the forthcoming rabi season….

Read more on Express India

More small banks offering student loans

More small banks offering student loans
As larger banks pull out of the private student loan game, community banks and local credit unions are stepping up to the plate.

Read more on Bankrate.com

Banks trim borrowing from Fed

Banks trim borrowing from Fed
WASHINGTON – BANKS trimmed borrowing from the Federal Reserve’s emergency loan program over the past week, adding to evidence that credit problems are easing.

Read more on Straits Times

Summary Box: Banks trim emergency Fed loans

Summary Box: Banks trim emergency Fed loans
WHAT HAPPENED: Banks borrowed less from the Federal Reserve’s emergency loan program over the past week.

Read more on AP via Yahoo! Philippines News

Local man charged in helping to defraud three banks of $290m

Local man charged in helping to defraud three banks of $290m
A local man was indicted by a federal grand jury on Wednesday on a bank fraud charge in connection with a $300 million scheme that spans major American banks.

Read more on Telluride Daily Planet

73-year-old man robs banks to pay mortgage

73-year-old man robs banks to pay mortgage
Tampa Police say James Bruce admitted to robbing three banks to pay his mortgage.

Read more on ABC Action News Tampa Bay

European, Asian Shares Advance; Greek Banks, Fortis Increase

European, Asian Shares Advance; Greek Banks, Fortis Increase
Feb. 10 (Bloomberg) — European and Asian shares rose after Germany signaled it may help support Greece’s finances, easing concern a sovereign default could hamper the economic recovery. U.S. stock-index futures also advanced.

Read more on Bloomberg

Regulators pressure banks to lend

Regulators pressure banks to lend
The credit crunch for small businesses has to end, regulators told banks Friday. A statement from the Federal Reserve, Federal Deposit Insurance Corp. and a handful of other regulators verbalized a growing concern that banks have a choke hold on small business lending.

Read more on Everett Herald

KAMCO: Analysis of GCC Banks’ Loan Portfolio & Deposit Base

KAMCO: Analysis of GCC Banks’ Loan Portfolio & Deposit Base
Fuelled by the economic boom and the rally in oil prices which resulted in the accumulation of huge reserves by the GCC countries, the banking sector had witnessed double digit growth in its loan portfolio and deposit base over the period 2004-2008; loans grew at a 5-year CAGR of 32% to reach USD 609 billion at the end of 2008, while total deposits grew at a slower pace with a 5-year CAGR of 27 …

Read more on Zawya

Fewer banks imposing new loan hurdles; demand low

Fewer banks imposing new loan hurdles; demand low
Fewer banks are erecting new hurdles for people and businesses to get loans, a fresh sign credit problems are easing. In a quarterly survey released Monday, the Federal Reserve found that “commercial banks generally ceased tightening standards on many loan types” at the end of last year.

Read more on AP via Yahoo! Finance