New Jersey Mortgage Lending Employees Charged in Fraud Scheme
NEWARK, NJ – Christopher J. Gallo, 44, of Old Tappan, New Jersey, and Mehmet A. Elmas, 32, a U.S. citizen residing in Turkey, have been charged with conspiracy to commit bank fraud,…
HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) – HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the…
Fed tilts toward rate hike, with a possible pause in view as lending slows
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of…
Fed emergency lending rises slightly in latest week
NEW YORK (Reuters) – Federal Reserve emergency lending to banks in the wake of last month’s financial sector troubles remains high and increased modestly in the latest week, according to data released…
Yellen wants more World Bank reforms in coming months, eyes subnational lending
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the World Bank’s evolution be taken in coming months, including potential changes to…
Fed needs more speed on emergency lending: Waller
(Reuters) – The unprecedented speed at which depositors pulled their money from Silicon Valley Bank outpaced the ability of the Federal Reserve to act as lender of last resort, underscoring the need…
China may hold lending benchmarks steady as recovery remains on track -analysts
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track –…
Tighter lending seen bringing mild recession later this year-Vanguard
By Davide Barbuscia NEW YORK (Reuters) – Tighter lending conditions after recent bank failures will likely drive the U.S. economy into a shallow recession in the second half of this year, bolstering…
Borrowing from key Fed lending facilities cools a bit in latest week
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve lending to financial institutions eased modestly in the latest week, central bank data showed on Thursday, in a sign that financial sector…
Uganda central bank holds key lending rate
KAMPALA (Reuters) – Uganda’s central bank on Thursday held its key lending rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated. The decision, announced by deputy governor Michael…
US World Bank nominee Banga endorses lending expansion, pledges more
By David Lawder WASHINGTON (Reuters) – The U.S. nominee to run the World Bank, Ajay Banga, said on Wednesday that he supports his predecessor’s proposal to expand the bank’s annual lending capacity…
Euro zone lending slows again in Feb, ECB says
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed for the fourth straight month as an economic downturn and increased caution from lenders appear to be taking their toll, European Central…
Former Bond Trader And Hedge Fund Founder Jeffrey Soberman Parket Pleads Guilty To $65 Million Ponzi Lending Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Daniel B. Brubaker, Inspector in Charge of the New York Division of the U.S. Postal Inspection Service (“USPIS”),…
Thai banks’ bad loans slow to 2.73% of lending at December-end -central bank
BANGKOK (Reuters) – Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the…
China holds lending benchmarks for 6th month, but more easing seen
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more…
China set to leave lending benchmarks unchanged as economic recovery seen on track
SHANGHAI (Reuters) – China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, as investors believe the world’s second-largest economy is…
China central bank: will encourage increased lending to private enterprises
BEIJING (Reuters) – China’s central bank said on Wednesday it will encourage financial institutions to increase lending to private enterprises to support the economy, according to a statement released on its website.…
China central bank to roll over lending tools to spur growth
BEIJING (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll…
Euro zone lending growth tumbles as higher rates bite
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a possible recession…
JPMorgan begins private lending drive with $10 billion – source
(Reuters) – JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending, a person with knowledge of the matter told Reuters…
World Bank won’t abandon top credit rating to boost climate lending -Malpass
WASHINGTON (Reuters) – World Bank President David Malpass said on Tuesday that the lender is not considering giving up its top-tier credit rating as a means to expand lending as it revamps…
China Dec new bank loans beat forecast, 2022 lending at record high
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China unexpectedly rose in December from the previous month, central bank data showed on Tuesday, with 2022 setting a record…
BOJ’s policy tweak hasn’t led to lending windfall, Mizuho head says
By Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s decision to let long-term rates rise more has not sparked a boom in revenue from lending as the central bank has yet…
Euro zone business lending growth slows sharply in November
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed in November, easing back from the sector’s biggest borrowing binge in over a decade as rising interest rates and a looming recession…
China seen keeping benchmark lending rates unchanged for 4th month
SHANGHAI (Reuters) – China is likely to keep benchmark lending rates unchanged for the fourth straight month in December on Tuesday, a Reuters survey showed, but expectations for monetary easing are rising.…
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) – Hungary’s banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that banks faced weaker profitability due to government…
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