Sentences with phrase «said on bank lending»

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Not exact matches

In Japan, the Central Bank said Thursday morning it was keeping its rates unchanged and the People's Bank of China raised its short - term interest rate by 10 basis points on both medium - term lending facility loans and its open market operation reverse repurchase agreements.

«Taking a focused look at clarifying the regulatory environment around online lending, reducing some of the burdens of regulation on small and community banks, and reducing the burdens on community banks so they can go back to making more small - dollar loans is a good thing,» she says.

Britain's banks could cope with a «disorderly» Brexit without needing to curb lending or be bailed out by taxpayers, the Bank of England said Tuesday, after an annual health check on lenders.

Possible reasons for the increased lending activity include lower levels of regulation at smaller banks than at their larger counterparts, recent movement of lending staffers from large banks to small banks and an increased willingness of smaller banks to take on credit and interest risk, the report says.

On Deck, which launched in 2007, is one of a number of venture capital - backed companies that have arisen in recent years and that take advantage of the greater availability of business data via the Internet to lend to small companies that banks typically turn down, says Mitch Jacobs, CEO of On Deck.

When you meet with a lender, you should know your credit score and if there are any errors on your credit report, said Kevin Quinn, senior vice president of retail lending at First Internet Bank.

Because low - risk investments return roughly 20 % on average in a country with 20 % nominal GDP growth, financial repression means that the benefits of growth are unfairly distributed between savers (who get just the deposit rate, say 3 %), banks, who get the spread between the lending and the deposit rate (say 3.5 %) and the borrower, who gets everything else (13.5 % in this case, assuming he takes little risk — even more if he takes risk).

ANZ Banking Group said growing revenue will be harder for banks, as it delivered a cash profit up 4.1 per cent to $ 3.49 billion for the past six months driven by a strategy of reducing complexity and costs and honing its focus on home loan lending.

The one - year lending rate will drop by 25 basis points to 4.6 percent effective Wednesday, the People's Bank of China said on its website.

As a further stimulus step, the European Central Bank also said on Thursday that it was cutting the interest rate it charges on loans to commercial banks, as long as the banks commit to lending that money to companies or individuals.

Over half of regional banks lost money on core businesses - lending and fees - in the year through March 2017, prompting the Financial Services Agency, which oversees the industry, to say consolidation could be considered for such banks to thrive.

Developers said reasons for holding off include sky - high land prices in Manhattan over the last couple years, banks» aversion to lending on new projects and fears of a luxury glut.

Mr Conti says it is also worth noting that if a mortgage is required as part of a larger private banking transaction — of more than # 1million — then the lending criteria mentioned above may be less applicable and the eventual loan is underwritten and assessed on a case - by - case basis.

While CoreLogic figures typically show a downturn in May, the weaker performance was a consequence of tighter credit rules after banking regulator APRA in March strengthened its policies on lending to investors and worsening housing market sentiment as seen in this month's Westpac Melbourne Institute report, Mr Lawless said.

«Because of the amount of construction that's been done, I have noticed banks will simply say «I have too much exposure on this product in this area of the city»,» Kapahi said, cautioning that he hasn't noticed a marked slowdown in condo lending over the past twelve months.

Whereas when you know that when banks — and this is where the Bank of England must deserve a big pat on the back from people like ourselves that they came out and publicly said, as a highly respected official organization, banks create money when they lend, and, therefore, as well as providing --

The head of Australia's largest agricultural lender, National Australia Bank's Khan Horne, says the rural property market is running hotter than ever before because of strong fundamentals and low interest rates but, with a royal commission into banking, he is calling on tighter qualifications for anyone lending to farmers to avoid failures and receiverships that have tainted the sector.

If the firm has financial problems or reneges on the deal, the bank that lent the company money to build the ice arena would take over the sublease agreement, said Bryan Mraz, Park District attorney.

«No bank in the world would lend money on a theater,» Anderson said last week as his construction crews put the final touches on a plush northwest suburban venue that will be surrounded by retail and office space and condominiums.

Commenting on the provisional Project Merlin figures which have been issued today showing that the banks loaned # 37.4 billion to small firms — just short of their commitment to lend # 38 billion, John Walker, National Chairman, Federation of Small Businesses, said: «While it looks like the banks are on course to meet their full year lending commitment, targets do not address the underlying problems in the banking sector where only a handful of banks control the majority of the market.

Commenting on the provisional Project Merlin figures which have been issued today showing that the banks loaned # 37.4 billion to small firms — just short of their commitment to lend # 38 billion, John Walker, National Chairman, Federation of Small Businesses, said.

Mr Darling said: «Like any lender on this scale, we have ensured that the Bank's lending is subject to significant conditions and controls to ensure that our interests are protected, and in return for this facility Northern Rock has agreed a number of controls.»

The officials said Britain had cut the size of the national debt as a percentage of GDP after the second world war, but mainly through controls on bank lending and inflation eroding the value of the debt.

We must take action now to avoid a future crisis in the subprime auto lending industry that preys on those who could least afford it,» said Senator Hamilton, Chair, Senate Committee on Banks.

The advocates say that New York Community Bank has a track record of lending to «notoriously bad landowners,» and more than 10 percent of its mortgage portfolio is on foreclosed buildings that go long periods without heat, hot water, working elevators, proper ceilings and other basic maintenance.

He said the long - term fund would be provided to microfinance Banks for on - lending to MSMEs, adding that this would enable the sector create jobs and contribute significantly to economic growth.

He promised that he would crack down on bank bonuses where the institutions fail to lend to small businesses, and said he would focus on tax evasion.

The Funding for Lending scheme will no longer support household borrowing from the start of next year and will be refocused on small business lending, the Bank of England said today.

Greg Hands of the Conservatives said they would introduce a cap on interest rates for store cards (though not for regular bank cards) and said they were «open'to statutory regulation of lending; Vince Cable said he accepted all five of the proposals and said that he would «personally fight for these principles in the Lib Dem manifesto»; and Stephen Timms from the Treasury agreed to meet with London Citizens and the Office of Fair Trading to discuss capping interest rates.

The Liberal Democrat leader Nick Clegg focused on banks, saying he would sack the boards of largely state - owned banks if they failed to meet lending targets.

Mr Cameron said that the Banks must deliver on the agreement to deliver higher lending to small and other British businesses.

«The «best practice»... is a clear exclusion policy on commercial lending and investment banking services for all coal companies who practice mountaintop removal coal extraction,» says RAN.

The government cited Credit State Bank in North Carolina for an alleged pattern of lending discrimination based on marital status, he says.

Mr. Carney on Tuesday said he has discussions with the banks but wouldn't say whether he has advised them flatly to curb their lending.

«Besides the nearly 60 percent of banks tightening standards on credit card debt, 65 percent said they had tightened lending standards for other types of consumer loans over the last three months.

Remember that your credit scores and the loan - to - value ratio of your property could have a much bigger impact on your refinance rate than a slight shift in average mortgage rates, says Malcolm Hollensteiner, director of retail lending sales for TD Bank in Vienna, Va..

Remember that your credit scores and the loan - to - value ratio of your property could have a much bigger impact on your refinance rate than a slight shift in average mortgage rates, says Malcolm Hollensteiner, director of retail lending sales for TD Bank in Vienna, Virginia.

Just like you said for Ponzi schemes «the only source of the so - called interest on the money was the contributions of future investors», for fractional - reserve banking the source of interest is the future profit made by lending the investor's money - to the investors themselves!

Then: «Things appear to be improving, though, Mr. Thomas said, in part as analysts for the bank and its lending partners run the numbers on the economic benefits of resilience.

Things appear to be improving, though, Mr. Thomas said, partly because analysts for the bank and its lending partners are running the numbers on the economic benefits of resilience.

«If you combine an ETS plus this very clear policy in terms of shutting down coal - fired power stations, plus you add in unofficial restrictions on new bank lending for coal fired power stations, plus you add renewables targets for power companies and local officials, together with tax incentives and high tariffs for renewables; all of this will have an impact back in Australia,» he says.

It basically says that as long as there is no problems on those ends, the bank has said they will lend you up to X amount of dollars to buy a piece of property.

Luckily for the foreign buyers, China's banking sector has «little to worry about» from its fast growing mortgage lending business, an official with the China Banking Regulatory Commission said on Thbanking sector has «little to worry about» from its fast growing mortgage lending business, an official with the China Banking Regulatory Commission said on ThBanking Regulatory Commission said on Thursday.

«The newest kid on the block for commercial deals is credit unions,» says Todd Clarke, CCIM, president of NM Apartment Advisors in Albuquerque, N.M. Because credit unions are not under the same regulatory scrutiny as banks, they are often able to be more flexible in their lending.

«We have seen some banks that have said we are not doing construction lending for the entire seniors housing industry, or there is a particular product type or particular geographic market where they are on pause,» says Lindsay.

«But, for every bank that has said they are taking a pause on construction lending, there are a couple of others that have said they are looking to get into this industry.»

A rollback of rules under Dodd - Frank, the major financial services reform law enacted after the mortgage crisis, might well lead to an increase in lending on both the residential and commercial sides, Yun says, noting that community banks are the biggest source of loans for home construction and small commercial transactions.

Last year «was a story on the big bank side of a step back, but not a step out, in construction lending for multifamily,» says Kim Liautaud, managing director and head of U.S. commercial real estate at BMO Harris Bbank side of a step back, but not a step out, in construction lending for multifamily,» says Kim Liautaud, managing director and head of U.S. commercial real estate at BMO Harris BankBank.

Until now, banks have been lending to cannabis - related businesses on a «don't ask, don't tell» basis, industry sources say.