CMBS Loan Liquidations Push Down Delinquency Rate, Trepp Says
Posted by The Distressed Debt Report on February 2, 2012
The delinquency rate for loans in commercial mortgage-backed securities fell by six basis points in …
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Greece, creditors close in on debt cut deal
Posted by Reuters: Business News on January 20, 2012
ATHENS/LONDON (Reuters) – Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens.
European banks prepare for worst, hoard cash
Posted by Reuters: Business News on
Jan 20 (IFR) – European banks are preparing for a potential worsening of the region’s sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to protect themselves against a possible seizing-up of financial markets.
Bank of America posts fourth-quarter profit
Posted by Reuters: Business News on January 19, 2012
(Reuters) – Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans.
Wells Fargo reports higher earnings
Posted by Reuters: Business News on January 17, 2012
(Reuters) – Wells Fargo & Co reported higher fourth-quarter earnings as the bank set aside less money to cover bad loans.
Mortgage demand fell at year-end, purchases sag
Posted by Reuters: Business News on January 4, 2012
(Reuters) – Demand for loans to buy homes and refinance mortgages slid in the final week of 2011, even as mortgage rates dipped, an industry group said on Wednesday.
Exclusive: Italian banks tap 116 billion euros of ECB loans
Posted by Reuters: Business News on December 21, 2011
ROME/MILAN (Reuters) – More than a dozen Italian banks, including top lenders UniCredit and Intesa Sanpaolo , tapped 116 billion euros ($143.52 billion) of new three-year loans offered by the European Central Bank, nearly a quarter of the total, three sources with direct knowledge of the matter told Reuters.
Banks gorge on ECB loans, market cheer short-lived
Posted by Reuters: Business News on
FRANKFURT (Reuters) – Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.
Banks gorge on ECB loans
Posted by Reuters: Business News on
FRANKFURT (Reuters) – Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.
Banks take 489 billion euros in 3-year ECB loans
Posted by Reuters: Business News on
FRANKFURT (Reuters) – Banks took a huge 489 billion euros at the European Central Bank’s first ever offering of three-year funding on Wednesday, raising hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish bonds.
