Banks hike deposit rates, but lending rates may stay unchanged
Banks hike deposit rates, but lending rates may stay unchangedBanks hike deposit rates, but lending rates may stay unchanged
May foreclosure rate steadies as banks hold back
The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are receiving legal warnings that they could lose their homes. And foreclosures are receding in some of the hardest-hit cities.
Moody’s says NZ banks reliant on wholesale funding
Moody’s Investors Service says New Zealand banks remain resilient, but rely more than other banks on wholesale funding. The credit rating company held a presentation in Wellington today at which it cited strong support from highly rated Australian parent banks and New Zealand’s sovereign credit rating as positive factors for the ratings of New Zealand banks. It declined to comment on whether it …
Banks turn net borrowers
May withdraw funds parked with MFs, as liquidity is expected to tighten further.
What Banks Are in Danger in the SAFE Act?
The SAFE Banking Act proposed by Sens. Brown and Kaufman (which should be introduced soon as an amendment to the Senate financial regulation bill) answers the Too Big to Fail conundrum decisively by capping each bank’s deposits at 10% of total deposits in the country. That doesn’t hit many banks, since the country’s largest commercial bank, Bank of America, has about 12% of total deposits. But …
Impending foreclosure clash: banks vs. builders
Differing views of how to meet a wave expected to hit commercial properties
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Cicilline asks 3 banks to drop lawsuits against Providences foreclosure mitigation ordinance
Banks say state lawtrumps city ordinancethat requires mediationbefore lender forecloses
Banks Committee Approves 1-Year Extension For Foreclosure Mediation Program
The state’s foreclosure mediation program for struggling homeowners would be extended for another year under a bill approved by the banks committee today.
