Posted on 04 September 2010 by admin
BMO bodes ill for banks
Shares in Bank of Montreal fell the most in more than 18 months after BMO reported third quarter results that were below analyst expectations amid falling trading revenue and rising loan loss provisions
Read more on Canada.com
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Posted on 01 September 2010 by admin
Large banks earn billions, small banks struggle
The largest banks are thriving, mostly because they can borrow on the cheap and have rid themselves of bad debt. Yet smaller banks lack those advantages and are failing at the fastest pace in years.
Read more on Houston Chronicle
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Posted on 30 August 2010 by admin
Chinese banks cut back loans to local governments
BEIJING – Two of China’s biggest state-run banks have cut back lending to local government investment vehicles whose borrowing has raised concerns over a bad-loan crisis, a report said Friday.
Read more on AsiaOne
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Posted on 26 August 2010 by admin
Regulators shut 4 California banks, 4 others
WASHINGTON (AP) — Regulators on Friday shut down four California banks, a big community bank based in Chicago, and banks in Florida and Virginia. The closures boosted to 118 the number of U.S. bank failures this year.
Read more on KING5 Seattle
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Posted on 23 August 2010 by admin
Fed: Banks ease lending standards for small businesses
WASHINGTON — Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday . In its new survey of bank lending practices, the Fed found that the loosening of loan standards was…
Read more on Colorado Springs Gazette
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