Hints and tips:
...One thing to start: Wyelands Bank has announced that it has “no viable future” and that virtually all of its loans are in default, nearly a year after regulators forced Sanjeev Gupta’s stricken lender to...
...Follow the money (2): Lunar, a Nordic challenger bank, has extended its Series B funding round by €20m, bringing the total to €46m, reports FinExtra....
...Recent US data points to a 3x increase in working from home during the crisis and while many of these workers will return to their workplaces we haircut FY21E B&I revenues by 10% to reflect likely structural...
...into a loss as credit cards, loans and travel money all suffer....
...The private equity firm is headed up by Steven Klinsky, one of the founders of Goldman's LBO unit in the Milken-era junk bond boom, and his investment bank alma mater got a nice slice of the deal: Goldman...
...Today Taiger is a darling of Singapore’s AI start-up scene. Its clients include such global companies as AIA Group, Banco Santander, Bank of America Merrill Lynch and Standard Chartered....
...The other concern is the mountain of debt that consumers are building up and whether any of the bubbles in personal loans, credit card debt, and car loans will burst....
...For a period of five years, starting in the autumn of 2010, I was a familiar visitor to Greenspan’s offices in Washington, D.C., and saw him in other contexts, too: at home, hosting a dinner for a former...
...of assets held by the Bank; (d) operating with an inadequate loan valuation reserve; (e) operating with a large volume of poor quality loans and other adversely classified assets; (f) engaging in unsatisfactory...
...The emerging markets bank is expected to take more provisions for bad loans, particularly in the commodity sector and in parts of Asia ....
...The non-banks’ increased share of home loans comes at a time when big lenders such as Wells Fargo, Bank of America and JPMorgan are pulling back, according to a study by academics at Harvard’s Kennedy School...
...Wells had a 14.6 per cent of mortgage originations last year, according to industry publication Inside Mortgage Finance, well clear of JPMorgan with 7 per cent and Quicken Loans, a non-bank lender, with...
...One government official says a large number of the modified loans in the NMS were originated by mortgage lender Countrywide, which he said targeted low-income communities, suggesting relief did reach those...
...After carving out the legacy asset servicing business, to work through delinquent home loans, he started in 2011 to cut costs....
...– ignored “pervasive” deficiencies in the underlying loan pools and the servicing of the loans....
...(Financial Times) “Barclays joined UBS and Bank of America in forecasting a Hong Kong property slump, predicting home prices will fall at least 30 percent by the end of 2015 as income growth stalls and...
...(Financial Times) The US government sued Bank of America on Tuesday, alleging it committed fraud by packing MBS with loans that it knew to be “toxic waste”....
...(Reuters) ON FT ALPHAVILLE: The return of the D word (deflation) in Bernanke’s speech. When does a Chinese growth deceleration become a crisis? Liborising oil-price reporting, encore....
...(Financial Times) Italian banks’ loan books being quietly reviewed: “The Bank of Italy is quietly inspecting the finances of some of the country’s top lenders, which could push some Italian banks to sell...
...Hefei Rongshida Sanyo Electric Co, a Chinese home-appliances maker....
...After a two-year cull that saw thousands lose their jobs, some banks, including Nomura, Bank of America and Citigroup have started hiring traders and bankers again....
...A settlement in a bitter legal battle with Bank of America over crisis-era claims....
...US banks agreed to pay out more than $20bn on Monday in two settlements to resolve claims arising from the mortgage crisis, with compensation for bad loans wiping out most of Bank of America’s earnings for...
...Authorities in Washington are debating new mortgage servicing rules, capital requirements for banks, a rule that would require lenders to verify a borrower’s ability to repay the debt, and a requirement...
...Bank of America plans to sell another $100bn of mortgage servicing rights in the next few weeks....
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