Posts Tagged ‘banks’
|Australia changing the way banks operate
Australia changing the way banks operate
The Australian government has decided to change the country’s banking rules.
Read more on Calcutta News
Regulators Close 2 Banks in Mich., Pa.
Regulators Close 2 Banks in Mich., Pa.
Number of Banks Shut by Feds This Year Now Totals 151
Read more on CBS News
Group accuses banks of violating fed lending rules
Group accuses banks of violating fed lending rules
LOS ANGELES (AP) — A national housing and consumer rights group has filed complaints alleging banks are unjustly denying government-backed loans to borrowers with low credit scores.
Read more on KING5 Seattle
Are banks unfairly denying certain loan applicants?
Are banks unfairly denying certain loan applicants?
WASHINGTON — A national consumer coalition plans to file a series of landmark federal fair housing complaints beginning Monday challenging a widespread practice by banks and mortgage lenders: Requiring borrowers who apply for FHA loans to have FICO credit scores well above the 580 minimum score set by the FHA itself for qualified applicants with 3.5 percent down payments.
Read more on The News-Times
FDIC requires banks to share risk on loans
FDIC requires banks to share risk on loans
WASHINGTON — Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under rules adopted Monday.
Read more on Everett Herald
Debt Markets Bifurcate With Banks Hoarding Cash: Credit Markets
Debt Markets Bifurcate With Banks Hoarding Cash: Credit Markets
Microsoft, the world’s largest software maker, led at least $340 billion of U.S. corporate bond offerings this quarter, the busiest July-through-September period on record, according to data compiled by Bloomberg. Smaller businesses struggled as banks pared commercial and industrial lending 11.3…
Read more on Washington Post
New FDIC rules require banks to share some risk
New FDIC rules require banks to share some risk
Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under rules adopted Monday.
Read more on Philly.com
Small biz, banks may spurn Obama’s $30 bln program
Small biz, banks may spurn Obama’s $30 bln program
NEW YORK — President Barack Obama’s $30 billion small community business lending program faces one big challenge: many of the community banks and businesses it’s supposed to help don’t want it. United States – President – Barack Obama – Business – History
Read more on Washington Post
Ireland to split Anglo Irish into good, bad banks
Ireland to split Anglo Irish into good, bad banks
Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are dealing with their debt crisis.
Read more on AP via Yahoo! Finance