Hints and tips:
...Banks were in no position to lend quickly. Bond investors were in retreat....
...Like other bankers and investors, we’ve felt the pinch as much of Chinese outbound investment has been cancelled or throttled back this year. Hambantota, though, is full steam ahead....
...Just as Northern Rock had a powerful impact on the mortgage market, HBOS rewrote the rules on commercial lending, but both ignored the first rule of banking. Any fool can lend money....
...After all, America is a global symbol of free markets, muscular capitalism and the small state....
...It had to be defended,” says one senior banker with direct knowledge of the affair....
...But bankers say Europe will eventually have to move to the US model of financing such debt mostly with bonds....
...Mortgages, for example tripled in price to 3 per cent from 1 per cent just over a year ago....
...The outcome is unknowable until the windup of the Geordie bank’s “bad” mortgage book in a decade or so....
...Tarp was necessary but far from ideal....
...Wells Fargo, which makes one out of three US commercial loans, plans to hire about 240 commercial bankers this year, a 10 per cent increase over current staff levels....
...The potential reopening of the subprime mortgage bond market in Europe is seen as significant by investors and bankers alike....
...Its marketing materials say it lends only 65 per cent of the value of a property – and much less for hotels....
...We have got the capital and will lend to UK businesses on a creditworthy basis if they ask for it.”...
...The Bank of England’s scheme to lend to non-investment grade companies has – in this time of drought – attracted not one taker....
...On the other: Security Capital Assurance (SCA), a Bermuda-based bond insurer that had run into difficulties as the US subprime mortgage market imploded....
...Banks did not trust one another enough to lend to each other, causing a spike in interest rates charged to companies and governments. An unfamiliar silence descended on the hubs of global commerce....
...For America must always stand on the side of freedom and human dignity. Abroad, America’s greatest source of strength has always been our ideals. The same is true at home....
...Six months before the crisis this time, I was talking to a banker who said: “It’s really amazing, I’m being paid to lend money, I’m being paid to put money out.“ Now, have we learned anything from 1982 till...
...Bankers have since said that Investment Corporation of Dubai, Borse Dubai’s main shareholder and a holding company for government assets, persuaded local banks to lend....
...Facing government pressure to keep lending mortgages, and holding huge commercial real estate loan portfolios that are deteriorating rapidly, banks are now proving reluctant to lend even to good customers...
...in the sector, several bankers said on Tuesday....
...This month, it was named “bank of the year” for Spain, Portugal and Latin America by The Banker magazine (part of the Financial Times Group)....
...Strategies dependent on borrowing are dead in the water, thanks to banks’ unwillingness to lend and soaring borrowing costs....
...That hasn’t induced them to lend. It has taken Paulson two long weeks to come around to the idea that the banks need recapitalising....
...It is not ideal to elevate someone from the inside, but the board has to evaluate a number of things,” he added. “I have not accepted this job on an interim basis....
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