College Loans Consolidation » banks

S.Korea banks’ Q4 profits fall on provisioning -regulator

College Loans Consolidation — Tue, 01 Feb 2011 14:59:28 +0000

S.Korea banks’ Q4 profits fall on provisioning -regulator
SEOUL, Feb 1 (Reuters) – South Korean banks’ total fourth quarter net profit slid 23.2 percent from the previous quarter on declining non-interest income amid continued provisioning pressure, South Korea’s financial watchdog said on Tuesday.

Chinese banks hike rates

College Loans Consolidation — Sat, 29 Jan 2011 09:27:42 +0000

Chinese banks hike rates
Some Chinese banks have hiked interest rates on loans by as much as 45 per cent.

RBI limits co-op banks’ home loan exposure to 5% of assets

College Loans Consolidation — Sat, 22 Jan 2011 14:57:12 +0000

RBI limits co-op banks’ home loan exposure to 5% of assets
The Reserve Bank of India (RBI) today said that co-operative banks cannot give housing loans beyond 5 per cent of their total assets.

Banks say fewer consumer loans are going bad

College Loans Consolidation — Fri, 21 Jan 2011 14:59:01 +0000

Banks say fewer consumer loans are going bad
Americans are starting to get their household finances in order.

Summary Box: Banks lead stocks higher

College Loans Consolidation — Sun, 16 Jan 2011 21:06:07 +0000

Summary Box: Banks lead stocks higher
By The Associated Press BANK BOUNCE: JPMorgan Chase rose 1 percent after reporting that its income soared 47 percent in the fourth quarter. The bank set aside less money to cover bad loans and said it…

Court rules against banks in pivotal mortgage case

College Loans Consolidation — Sat, 08 Jan 2011 21:53:34 +0000

Court rules against banks in pivotal mortgage case
By DENISE LAVOIE and MICHELLE CONLIN Associated Press The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark…

Regulators close banks in Florida, Arizona

College Loans Consolidation — Sat, 08 Jan 2011 15:26:12 +0000

Regulators close banks in Florida, Arizona
Associated Press – January 7, 2011 7:34 PM ET WASHINGTON (AP) – Regulators have shuttered banks in Florida and Arizona, the first two closures of 2011 after 157 banks succumbed last year to the…

Offer low-rate, high-term loans to poor, President asks banks

College Loans Consolidation — Wed, 29 Dec 2010 09:17:47 +0000

Offer low-rate, high-term loans to poor, President asks banks
Indian banks should step up banking services in rural areas and ensure loans offered to poor people carry a lower rate of interest and longer repayment period, President Pratibha Devisingh Patil said here on Thursday.

Petrobras May Trail Bovespa in 2011 as BlackRock Favors Banks

College Loans Consolidation — Wed, 22 Dec 2010 15:00:04 +0000

Petrobras May Trail Bovespa in 2011 as BlackRock Favors Banks
Petroleo Brasileiro SA, the biggest drag on Brazil’s benchmark stock index this year, may trail the Bovespa in 2011 on investors’ concern the oil producer’s investments will crimp profits, according to BlackRock Inc.

BMO Buying Marshall & Ilsley, Shows Canadian Appetite For U.S. Regional Banks

College Loans Consolidation — Sat, 18 Dec 2010 21:18:41 +0000

BMO Buying Marshall & Ilsley, Shows Canadian Appetite For U.S. Regional Banks
Bank of Montreal acquires the Milwaukee-based regional bank.