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NEW YORK, N.Y. – Citigroup's loan portfolio improved late last year, partly because Americans were better about paying down credit card debt. But choppy financial markets hurt its investment banking profits, and the bank missed Wall Street expectations.
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Loans improve at Citigroup as Americans pay down debt, but bank misses Wall St. expectations
Citigroup's loan portfolio improved late last year, partly because Americans were better about paying down credit card debt.
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Citi helped by better loans, hurt by choppy market
European Central Bank Vice President Vitor Constancio said he expects “significant” demand for the bank’s three-year loans, its latest attempt to keep credit flowing to households and businesses during the debt crisis.
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Constancio Sees ‘Significant’ Demand for Three-Year Loans
The former Myrtle Beach-based Crescent Bank gave its officers and directors a record number of insider loans during a period when credit had dried up for most consumers and the bank was borrowing millions from the federal government to weather a nationwide financial crisis, according to data released by the Federal Reserve Bank.
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New data shows insider loans spiked at Crescent Bank during credit crisis
BANK OF Ireland is to sell a portfolio of loans to Sumitomo Mitsui Banking Corporation for €470 million. The bank said it would sell the project finance loans at 85 per cent of their original loan value, which was put at €590 million.
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B of I sells discounted loans to Tokyo bank
THE NATIONAL Asset Management Agency took control of loans to seven of the 10 customers who acquired a stake in the bank previously held by Seán Quinn using loans from the bank.
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Nama took control of seven customers’ loans
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said.
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European Investment Bank May Raise Cost of Clean Energy Loans
In this low interest rate environment, some financial planners are advising their clients to cut the middleman out entirely with intra-family loans. That way, “the bank’s profit stays in the family,” said Jonathan Bergman, a financial advisor in Scarsdale, N.Y.
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Planners Use Intra-Family Loans to Cut Out Middleman
SOME OF the €2 billion loans on which Irish Bank Resolution Corporation, formerly Anglo Irish Bank, is seeking judgment against businessman Seán Quinn date back to 2003, predating his disastrous gamble on the bank’s share price. IBRC issued further legal actions against Mr Quinn this week on foot of personal guarantees provided to the bank.
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Quinn loans predate shares gamble
Small businesses are using personal loans to fund their operations or holding sizeable cash balances because of concerns about the continuing availability of overdraft facilities, according to the Bank …
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SME concerns at bank loans
