Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
Paulson Buys, Buffett Sells in Duel on SunTrust Banks (Update1)
John Paulson, who amassed a fortune by betting against U.S. mortgage markets, became the biggest stakeholder in SunTrust Banks Inc. while fellow billionaire Warren Buffett was cutting his stake in the Atlanta lender.
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Summary Box: Banks trim emergency Fed loans
Summary Box: Banks trim emergency Fed loans
Thursday, February 11, 2010 at 2:48 p.m. WHAT HAPPENED: Banks borrowed less from the Federal Reserve’s emergency loan program over the past week. Banks averaged $14.6 billion in daily borrowing for the week that ended Wednesday, down from $14.8 billion in average borrowing for the previous week.
Read more on San Diego Union-Tribune
Banks trim borrowing from emergency Fed loans
Banks trim borrowing from emergency Fed loans
WASHINGTON (AP) — Banks trimmed borrowing from the Federal Reserve’s emergency loan program over the past week, adding to evidence that credit problems are easing.
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The Good News: More Retail Property Deals in 2010 as Loans Mature and Banks Recognize Losses
The Good News: More Retail Property Deals in 2010 as Loans Mature and Banks Recognize Losses
The International Council of Shopping Centers (ICSC) sponsored a webinar this week offering strategies and insights for property owners and investors from industry executives on the capital markets and the impact they are expected to have on the retail…
Read more on CoStar Group
Categories: mortgage merge Tags: 2010, banks, Deals, GOOD, loans, losses, Mature, More, News>, property, Recognize, Retail
Treasury is failing to force banks to lend, warn MPs
Treasury is failing to force banks to lend, warn MPs
Britain’s bailed-out banks are still not lending to cash-strapped businesses and there is little the Treasury can do to improve the situation, a group of MPs will warn this morning.
Read more on Independent
State banks cost the borrower
State banks cost the borrower
BRITAIN’S state-controlled banks have been blamed for keeping mortgage rates artificially high.
Read more on Times Online
Categories: mortgage merge Tags: banks, borrower, Cost, state
G7 agrees banks must help pay crisis costs
G7 agrees banks must help pay crisis costs
IQALUIT, Canada (Reuters) – Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said…
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Banks’ $10 billion problem: loan repurchases
Banks’ $10 billion problem: loan repurchases
Just when they thought the worst of the mortgage crisis was behind them, billions of dollars in bad loans from the debacle may be rising from the dead and creeping back on the balance sheets of the largest U.S. banks.
Read more on Market Watch
Categories: mortgage merge Tags: banks, billion, Loan, problem, repurchases
N.J. food banks say they’re serving more people
N.J. food banks say they’re serving more people
As New Jersey hemorrhaged jobs, food banks and soup kitchens became an indispensable source of support for 830,000 people last year — a 45 percent increase from 2005, according to a survey released Wednesday.
Read more on The Record and Herald News
Banks emerging from recession gloom despite debt
Banks emerging from recession gloom despite debt
New Zealand’s five major banks (Westpac, ASB, ANZ National, BNZ and Kiwibank) are emerging from the gloom of the recession, maintaining core earnings and showing measured balance sheet growth despite a trebling in bad debt expenses and the accruing …
Read more on Scoop.co.nz