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SME bad loans on the rise this year
Korean banks’ bad debt ratio related to lending to small and medium-sized firms hit a record high in the second quarter because of corporate restructuring, the Financial Supervisory Service (FSS) said yesterday. The non-performing rate for loans to SMEs stood at 3.04 percent as of the end of June, up 0.85 percentage points from three months earlier. The figure marked the highest level since ...
Read more News Source - 중앙 데일리 via 야후! 미디어
Publish date - 11:51:53 08/31/10

Little support for new home-buyer tax credit
Is another federal home-buyer tax credit coming? Shaun Donovan, secretary of housing and urban development, dodged that question over the weekend, leading to speculation that the Obama administration might pursue another one. But it's hard to see where... Shaun Donovan - United States Secretary of Housing and Urban Development - Presidency of Barack Obama - Tax credit - United States
Read more News Source - San Francisco Chronicle
Publish date - 12:35:28 09/02/10

TD Bank profit jumps on retail bank, better loans
TD Bank profit jumps on retail bank, better loans
Read more News Source - FOX Business
Publish date - 11:56:28 09/02/10

Gulf banks recovering despite bad debts, investments agency
Gulf banks have spent more than 20 billion dollars on provisions for bad debt and lost investments but are showing signs of returning to high profitability, Standard and Poor's said Wednesday.
Read more News Source - AFP via Yahoo! News
Publish date - 16:53:47 09/01/10
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TD Bank profit jumps on retail bank, better loans
Toronto-Dominion Bank said on Thursday its third-quarter profit rose 29 percent, as better credit quality and a strong retail bank performance overshadowed lower wholesale banking income.
Read more News Source - Reuters via Yahoo! Canada News
Publish date - 12:50:41 09/02/10
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U.S. sues former execs of failed credit union WesCorp, alleging fraud
Robert Siravo and Thomas Swedberg are accused of adding millions of dollars to retirement payouts for themselves and other top brass. They and 14 others are also accused of breach of duty. A federal agency is accusing two former executives of a giant failed credit union in Los Angeles County of fraud for their roles in adding millions of dollars to retirement payouts for themselves and other top ...
Read more News Source - Los Angeles Times
Publish date - 00:35:29 09/02/10

FDIC: Profits Up, Bad Loans Down at Banks
Bank profits rebounded in the second quarter, led by the biggest institutions. But many small and midsize banks continued to struggle.
Read more News Source - HispanicBusiness.com
Publish date - 13:59:27 09/01/10

Bad loans haunt small banks
The six community banks based in Mecklenburg County are still struggling to tame troubled loan portfolios, as the economy and real estate markets continue to sputter, federal data show.
Read more News Source - The Charlotte Observer
Publish date - 12:13:35 08/31/10
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China puts rural credit cooperatives on sale
BEIJING, Sept 2 (Reuters) - China is inviting domestic banks and private and foreign investors to take over the country's most problematic rural credit cooperatives.
Read more News Source - Reuters via Yahoo! Philippines News
Publish date - 00:56:22 09/02/10

Deflation? Inflation? Protect against both
You know that stocks have a knack for climbing a wall of worry. You saw that firsthand last year, when in the midst of the global financial crisis, the Standard & Poor's 500 index skyrocketed more than 70% from its March 2009 lows.
Read more News Source - CNN Money
Publish date - 15:36:34 09/02/10

Who's Looking at Your Credit Report?
From your future boss to your auto-insurance company, it's not just traditional lenders who want a peek at your credit report.
Read more News Source - Smart Money
Publish date - 17:23:57 09/01/10

New coalition fights payday loans
A number of social policy groups have joined forces in a campaign to put limits on payday lending in Texas.
Read more News Source - Waco Tribune-Herald
Publish date - 06:56:53 09/02/10

Fitch upgrades Metrobank’s individual rating
International credit rating agency Fitch Ratings announced that it has upgraded Metropolitan Bank and Trust Company’s (Metrobank) Individual Rating to C/D from D and concurrently affirmed all other ratings of the bank.
Read more News Source - Malaya
Publish date - 14:04:27 09/02/10

M&A rebound: Greed is back. But is it good?
The long-awaited sequel to "Wall Street" is finally due to hit theaters next month.
Read more News Source - CNN Money
Publish date - 15:30:12 09/02/10

Gulf banks recovering despite bad debts
Standard and Poor's: Gulf showing signs of returning to high profitability after global crisis.
Read more News Source - Middle East Online
Publish date - 14:24:23 09/02/10

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