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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
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...Signatories are not required to boycott tobacco companies altogether but rather to “encourage the adoption of tobacco-free finance policies across lending, investment and insurance”, among other commitments...
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...One adviser to Barings said its lending team had considered spinning the business out, having seen peers make similar moves....
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...The US’s key lending rate, Sofr, touched 5.3 per cent last month, the highest level since its predecessor, Libor, soared before the financial crisis....
...Chang’s and business technology provider Computer Services Inc....
...And if Micro Connect’s financing were to be reclassified as lending, he would face caps on how much money stores could repay. Sceptics have compared his model to outlawed peer-to-peer lending....
...Mortgage lending is a feast or famine business. The market takes the view that the interest cycle has peaked. The Federal Reserve is expected to cut rates, probably beginning in June....
...Slowing growth in lending risks curbing a key driver of profits for the big US banks when they begin reporting third-quarter earnings this week....
...However, the growth of private credit is in large part supposed to be driven by the retreat of banks from commercial lending — “debanking”, as Rowan calls the trend....
...Revenues from corporate lending dropped 26 per cent, however, as higher interest rates dented demand for borrowing. A drop in market volatility at the end of the year also hurt the bank’s traders....
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...The business would expand Citi’s business in China, which already includes corporate lending and other banking services....
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...The yield on the 10-year note fell to 3.82 per cent, its lowest level in a month, as traders fretted about how possible constraints on lending may affect US growth....
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