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Northern Rock extends repossessions grace period AP
AP - Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.
2008-12-03 06:41:13
SBI to hire 4,200 staff for associate banks
Press Trust of India NEW DELHI, Dec2 The countrys top lender, State Bank of India, today said that it was looking to hire more than 4,200 employees for its associate banks a development that co
2008-12-03 03:00:00
Lenders' mortgage rationing claim
Mortgage rationing is set to become more severe in 2009 without government action, a lenders' group warns.
2008-12-02 11:04:09
Canadian lenders not immune
Canada's big five banks - Royal Bank of Canada, Toronto-Dominion, Scotiabank, Canadian Imperial Bank of Commerce and Bank of Montreal - have not been immune to the...
2008-12-01 00:30:12
Standard Bank seeks to raise funds for private equity activities
Standard Bank, Africa's biggest lender, plans to raise money from investors to fund the growth of its nascent emerging market private equity activities in the next...
2008-12-01 00:33:12
GM boss in last-ditch talks on debt for equity swap
GENERAL MOTORS is in emergency discussions with its lenders this weekend over a multi-billion dollar debt-for-equity deal that could save the iconic American car giant from a Chapter 11 bankruptcy filing.
2008-11-29 20:34:18
Nationwide limits cheap mortgages
One of the UK's biggest mortgage lenders, the Nationwide, will stop new borrowers taking out loans on its standard variable rate.
2008-11-28 13:24:14
Lenders given 'fairness' deadline
The City watchdog warns lenders to give fair treatment to customers when dealing with arrears on home loans.
2008-11-28 05:35:10
Abu Dhabi creates state-backed lender
Abu Dhabi, capital of the United Arab Emirates, has launched a state-backed mortgage lender to finance the purchases of an expected glut of properties coming to the market from government-owned developers
2008-11-28 03:30:17
China central bank cuts interest rates by 1.08 percentage points
China's central bank slashes the lending and deposit rates by 1.08 percentage points as of Thursday in the latest effort to stimulate economy. The People's Bank of China POBC announced on Wednesday that as of Dec. 5, it also would lower the reserve requirement ratio by 1 percentage points at the large banks and by 2 percentage points at the smaller and medium-sized banks. The large lenders include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Chin ...
2008-11-27 04:00:34