February 23, 2012

Cheaper loans probably exist

THE Reserve Bank may have kept the official cash rate on hold in February, but this didn’t stop the big four banks increasing their home loan interest rates.

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Cheaper loans probably exist

Banks gorge on ECB loans, market cheer short-lived

FRANKFURT (Reuters) – Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.

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Banks gorge on ECB loans, market cheer short-lived

Take your home loans elsewhere: Swan

Treasurer Wayne Swan has urged people to take their home loans from the big four banks and take them to smaller lenders with lower interest rates.

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Take your home loans elsewhere: Swan

Consumer loans surge 15%

BANKS consumer loans jumped by double digits in the second quarter compared to the same period the year before, fueled by a surge in residential real estate loans, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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Consumer loans surge 15%

‘Decoupling’ loans a core issue for AIB

ONE MORE THING:THE COMPLEX task ahead of unravelling property loans from other loans held by companies and individuals at the banks is best seen in the work facing AIB.

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‘Decoupling’ loans a core issue for AIB

Banks risk tripping over loans to power distributors

MUMBAI/NEW DELHI (Reuters) – Banks are staring at the prospect of restructuring loans to loss-making state electricity boards in order to stave off defaults.

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Banks risk tripping over loans to power distributors

BofA, JPMorgan Say Refund Demands Mount for Post-Bubble Loans

Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM) reported more demands from investors to repurchase faulty mortgages made after 2008, when the banks said they upgraded their standards to curb defaults.

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BofA, JPMorgan Say Refund Demands Mount for Post-Bubble Loans

Zimbabwe: Banks Tighten Screws On Personal Loans

BANKS say the liquidity constraints have affected lending as demand is outstripping supply leading to delays in the processing of loans.

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Zimbabwe: Banks Tighten Screws On Personal Loans

Bank loans to companies defying U.S. slowdown: credit markets

NEW YORK – Banks in the U.S. increased their lending to corporations by the most in almost three years last month, a sign of optimism as evidence mounts that the economic recovery is teetering.

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Bank loans to companies defying U.S. slowdown: credit markets

Catholic church used $400m in Irish bank loans to pay U.S. sexual abuse victims

The funds, in the form of loans, guarantees and lines of credit, were given specifically to pay clerical abuse victims, and led to Allied Irish Banks being dubbed the ‘Vatican’s banking arm’ in U.S. legal circles.

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Catholic church used $400m in Irish bank loans to pay U.S. sexual abuse victims