Hints and tips:
Related Special Reports
...Details of the loan have not previously been reported....
...Bank of America, for example, has cut its home equity loan portfolio from more than $150bn in 2009 to $25bn. And in 2022, more than 50 per cent of home loans originated from non-traditional operators....
...For 40 years, a 12th-century walrus-ivory carving on loan to the V&A in London has captured the imagination of museum visitors....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...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...
...As a result, a record high pile of cheap loans are supposedly due to mature this year....
...It is a line of business several big developers have entered since banks reined in their real estate lending after the 2008 financial crisis....
...“Emerging markets have done much better than anyone would have expected,” said David Hauner, head of global emerging markets fixed income strategy at Bank of America....
...Working from home has reshaped many parts of the economy. Evidence of its impact is now starting to emerge in unexpected places....
...Alongside America’s highways, billboards jostle for drivers’ attention....
...America....
...Banks are already feeling the squeeze as bad US loans are marked to market. Rising losses and a wave of distressed asset sales look inevitable in Europe too....
...Prime example: Bank of America has recently been sending out warnings, which it calls “letters of education”, to employees who are not meeting their office attendance minimums....
...Last week the US Federal Housing Finance Agency presented its report on the future of the Federal Home Loan Banks....
...Since 1975, the Home Mortgage Disclosure Act has required banks to report mortgage lending by race and ethnicity, and the Consumer Financial Protection Bureau recently issued a rule that requires lenders...
...Both of the banks you mentioned and all of the regional banks have a lot of fixed-rate mortgage loans on their books. And those loans are not worth anywhere near what they listed as....
...A European Central Bank survey showed eurozone banks have been hit by a “substantial” drop in loan demand from companies, reflecting lower investment plans....
...Its banks, in particular, have benefited. Non-performing loans have fallen to 5 per cent, down from a peak of perhaps 40 per cent. Their strong performance could continue, thinks Lex....
...Doing so had allowed them to obtain loans on more favourable terms from the likes of Deutsche Bank, among other benefits, the court found....
...rises Merit goods: UK graduates to pay more as repayment threshold on loans lowered Asymmetric information: Student loans — Should the Bank of Mum and Dad step in?...
...They were also pioneering in their use of debt — other people’s money — in raising money from banks, and finding ways to manage loan structures and tax losses to their advantage....
...Last week, US deputy national security adviser for international economics Daleep Singh called for more use of America’s sovereign loan guarantee authority to lower interest rates on developing countries...
...the delinquencies as a percentage of total loans)....
...Unlike US home loans, commercial mortgages are almost entirely interest- only....
...Some farmers have found it tricky to secure bank loans against their slowly growing solar-grazing businesses, preventing the wider industry from growing even faster than it already is....
International Edition