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...China, a big lender to the developing world, has played an unhelpful role in efforts to resolve subsequent debt crises in countries such as Zambia....
...Neither has stopped share prices of US mortgage lenders from regaining favour among investors....
...Economic data: India announces wholesale price inflation data, while New Zealand publishes travel and migration figures....
...It also risks serious flak from Dutch politicians and regulators who worry about threats to the banking sector, especially after the travails of America’s regional lenders a year ago....
...Wholesale inflation: US producer prices are expected to have risen 2.2 per cent on an annual basis in March, up from a reading of 1.6 per cent in February that was higher than expected....
...US producer price index: Coming days after data showed consumer prices unexpectedly rose last month, US wholesale prices are expected to have risen 0.3 per cent month on month in February, potentially matching...
...The second, more important, point is that Manulife’s move shows that some players are finally getting more honest about America’s commercial real estate pain. This is welcome — and belated....
...Revenue at the nation’s second largest lender declined 1 per cent to nearly $26bn in the quarter. Lending was up slightly from a year ago....
...The UK-based lender will book a $1bn hit to its pre-tax earnings in the first quarter of 2024 as a result of the sale, the latest in a series of moves to sell off parts of its operations....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Delta’s fourth-quarter earnings are expected to have fallen from a year ago.Wholesale prices: The producers’ price index, a leading inflationary indicator tracking wholesale prices, is expected to have risen...
...Goldman Sachs: The investment bank is scheduled to release first-quarter earnings before the bell, following mixed results from other large lenders last week....
...A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn after state-owned lender VTB filed a lawsuit to “recover losses” from the largest US bank....
...Inflation: The producers’ price index, an inflation indicator that tracks wholesale prices, is expected to fall to 0.6 per cent on an annual basis in January, down from 1 per cent....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...recipients of bank credit commitments are 1) “other vehicles”, which UBS says includes closed-end funds, pensions, hedge funds and other investment funds 2) non-bank mortgage brokers, along with property lenders...
...Citi, JPMorgan and Bank of America have all gotten in....
...As Alphaville wrote earlier this year, over the years they have morphed into unofficial de facto lenders-of-second-to-last-resort to the US banking industry....
...Lenders would need assurance they would get repaid, which could be achieved by setting aside a certain percentage of the reserves, he said....
...A letter of credit from a lender, backed by real estate, would carry a separate fee in addition to the premium for a surety bond....
...The second would cap the judgments available to creditors at a level established by bilateral lenders in corresponding international debt negotiations....
...Bank of America in January sent “letters of education” to Wall Street staff who had not been showing up at the office, telling them they could face disciplinary action, following similar reminders by Goldman...
...This month investors have been spooked by exposures on CRE loan books at lenders including America’s New York Community Bank, Japan’s Aozora and Germany’s Deutsche Pfandbriefbank....
...Yes,” said Klösges, adding that the lender did not believe the market was turning around quickly....
...The US Federal Housing Finance Agency on Tuesday said it plans to rein in a group of 11 regional government-backed wholesale lenders, the Federal Home Loan Banks, that became a key source of funding for...
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