Fed emergency loans to banks continue to drop
Fed emergency loans to banks continue to drop
Banks borrowed less from the Federal Reserve ’s
Read more on The Day
Banks emerging from recession gloom despite debt
Banks emerging from recession gloom despite debt
New Zealand’s five major banks (Westpac, ASB, ANZ National, BNZ and Kiwibank) are emerging from the gloom of the recession, maintaining core earnings and showing measured balance sheet growth despite a trebling in bad debt expenses and the accruing …
Read more on Scoop.co.nz
Euro Proving No Reserve Asset as Central Banks Shift (Update3)
Euro Proving No Reserve Asset as Central Banks Shift (Update3)
Feb. 1 (Bloomberg) — Investors are pulling cash out of Europe at a record pace as central banks slow euro purchases, jeopardizing its status as a substitute to the dollar as the world’s reserve currency.
Read more on Bloomberg
Banks take a U-turn on mortgages
Banks take a U-turn on mortgages
BANKS will not pass on the full increases in interest rates this year in a reversal which would save home loan customers a combined $150 million a month.
Read more on Daily Telegraph
Categories: mortgage meld Tags: banks, mortgages, Take, Uturn
Regulators shut 6 more banks for a total of 15 failures in 2010
Regulators shut 6 more banks for a total of 15 failures in 2010
Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate.
Read more on USA Today
Categories: mortgage meld Tags: 2010, banks, failures, More, regulators, shut, total
Deposits increase at several BG banks
Deposits increase at several BG banks
In the midst of a nationwide recession, more money was deposited into local banks last year.
Read more on Bowling Green Daily News
Categories: mortgage meld Tags: banks, Deposits, Increase, several
Regulators shut banks in Calif., Fla., Ga., Minn.
Regulators shut banks in Calif., Fla., Ga., Minn.
Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida and Minnesota. That brought to 14 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate.
Read more on AP via Yahoo! News
Categories: mortgage meld Tags: banks, Calif., Fla., Minn., regulators, shut
Fed’s Kohn: Banks must focus on interest-rate risk
Fed’s Kohn: Banks must focus on interest-rate risk
Banks will need to pay special attention to their interest-rate risk exposure in the coming months, since the financial crisis and the emergency measures it engendered have resulted in “uncharted waters for monetary policy and the financial markets,” says Donald Kohn, vice chairman of the Fed.
Read more on Market Watch
Categories: mortgage meld Tags: banks, Feds, Focus, interestrate, Kohn, Must, risk
Banks refusing deals to avoid home foreclosures
Banks refusing deals to avoid home foreclosures
Banks often won’t sign off on “short sales,” where the owner sells their house for less than they owe to avoid foreclosure.
Read more on Galveston County Daily News
Categories: mortgage meld Tags: Avoid, banks, deals, foreclosures, Home, refusing
Markets tank as Obama moves to rein in banks
Markets tank as Obama moves to rein in banks
Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.
Read more on AFP via Yahoo! News