Posts tagged: Banks

US bank earnings queried amid poor loan figures

Sluggish loan growth and ultra-low interest rates are depressing US banks’ revenues, compounding investors’ fears that future earnings will remain under pressure.

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SunTrust Reports Lower Delinquency, New CEO

First-quarter earnings data from SunTrust Banks Inc. indicate residential loan production was down one third from the fourth-quarter 2010. SunTrust Banks Inc. separately announced that James M. Wells III has been replaced as chief executive officer. However, he remains remains executive chairman and retires at the end of this year.

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Lower loan losses push profits for US banks

CHARLOTTE, N.C./NEW YORK – Improving credit losses helped US regional banks like BB&T Corp and PNC Financial Services Group Inc post stronger quarterly results, even as loan growth remained tepid four years after the housing market collapsed. Banks

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Emerging Markets Report: Saudi banks struggle with tepid loan growth

The Arab nation’s banks remain a tough sector for investors, with profit margins under pressure and little growth in revenue from interest on loans, Credit Suisse says.

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Education: Now, take a loan to pay school fee

With this new facility, you can avail of loans ranging from Rs 30,000-4 lakh from specific banks for classes up to senior secondary.

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Gulf banks to book lower provisions in first-quarter results

Lending is expected to remain muted

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Portugal in talks over EU aid

Portugal is holding talks with the EU on how to meet its immediate borrowing needs as its banks press Lisbon to seek a bridging loan until a new government can negotiate a bail-out deal

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Banks Told to Review Lending Policies On Green Energy Projects

Local banks are not keen on funding green energy projects thus holding back investment in the emerging sector. The International Finance Corporation and European Investment Bank want the banks to …

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Bank of Japan Is Said to Mull Loan Program After Earthquake

The Bank of Japan is considering offering temporary loans to banks to aid companies with cash- flow shortages in the wake of the record March 11 earthquake, three people familiar with the matter said.

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Northern Rock leads 90% mortgage revival

Northern Rock, Yorkshire and Clydesdale banks have relaxed their lending criteria to make life easier for people who can’t save up vast deposits

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Moody’s affirms “stable” view on China banks

HONG KONG (MarketWatch) — Moody’s Investors Services said Monday it has kept its stable rating on the Chinese banking system, but cited mounting challenges. The credit-rating firm said Chinese banks are under pressure to restrain credit growth such that inflationary pressures are held in check while simultaneously accommodating the government’s 7% to 8% GDP-growth target for each of the four years through 2015. Moody’s said non-performing loans will likely rise, but the cost will be offset by robust earnings, a draw down on loan-loss reserves, and capital raisings. Moody’s said inflationary risks have increased, which could sooner or later could lead to higher interest rates. “Such a development is in turn likely to contribute to a rise in NPLs, reversing the declining trend of the past decade,” Moody’s said in the annually through the four-year period through 2015.

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India Inc prefers stock markets to banks

As banks have become cautious in lending to over-leveraged sectors, companies are raising money via the equity route to fund their expansion. In the past two years after the global economic downturn, companies have reduced their dependence on loan funds or borrowings from banks and financial institutions.

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Japanese banks eye lending up to Y2 tril to TEPCO

TOKYO – Japan’s major banks are considering extending loans up to 2 trillion yen to Tokyo Electric Power Co as early as by the end of March, sources close to the matter said Wednesday. The …

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Top Court Allows Release Of Fed Bailout Records

(Washington, DC) — The Federal Reserve’s Board of Governors say they’ll accept a ruling to disclose information about emergency lending programs to banks in 2008.

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China: Another Increase For Banks

China has again raised its banks’ reserve asset ratios to try and rein in bank lending, liquidity and inflation.The move, which came Friday, was a surprise as many commentators in Beijing and Hong Kong had thought would be put on hold after the terrible events in Japan last week.The hike, the third this year and the ninth since the beginning of last year, won’t be the last according to t.

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