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| Co-operative Bank halts new business lending BBC News Co-operative Bank has stopped offering new business loans amid concerns over its capital position. The bank is continuing to provide lending to existing customers, but has frozen lending to new corporate customers. Lending to individual retail ... See all stories on this topic » | ||
| Co-op pulls business loans amid concern over capital Scotsman (blog) Euan Sutherland, the Co-op group's recently appointed group chief executive who is conducting a review of its operations, said the decision not to offer loans to new business customers was part of "our commercial strategy to play to the traditional ... See all stories on this topic » | ||
| Co-op Bank To Stop Issuing New Business Loans Sky News Today it emerged that it had gone a step further by stopping its lending to new corporate customers for the rest of 2013. Loans for existing business clients would continue to be serviced, it said. A statement from the bank said: "Following the ... See all stories on this topic » | ||
| Co-op to stop offering loans to new business customers MyFinances.co.uk The Co-operative Bank has announced that it will no longer offer business loans to new customers. The decision comes amid concerns that the bank is struggling to fund a "black hole" in its capital requirements of up to £1.8 billion mainly from ... See all stories on this topic » | ||
| How to Improve Your Chances of Getting an SBA Loan Fox Business Before you start working on your application, consider which SBA loan program is right for you. Currently, the U.S. Small Business Administration guarantees loans up to $5 million in the 7(a) program, which can be used for working capital. The average ... See all stories on this topic » | ||
| Co-operative Bank stops offering new loans to businesses The Guardian Signs that the Co-operative Group is retrenching from parts of the financial services industry emerged on Friday when its banking operations pulled out of offering new loans to business clients. Ever since the mutual's banking arm was cut to junk ... See all stories on this topic » | ||
| Stand with Rand in liberating credit-union lending Daily Caller But because of government barriers to credit-union business lending, thousands of entrepreneurial ventures may be unnecessarily deprived of the seed capital credit unions could provide to them. As Arora says, "Credit unions are handcuffed by a lending ... See all stories on this topic » | ||
| Co-op Bank halts loans to new business customers Telegraph.co.uk Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers. The freeze does not apply to individual retail customers. Euan Sutherland, the chief executive of the Co-operative Group, said ... See all stories on this topic » | ||
| Growth in personal loan segment causing concern The Star Online CONCERN seems to be building with the year-on-year (yoy) portfolio growth seen in the personal loan sub-segment of the lending business in the country. The risks to holding these in a lender's portfolio have generally been acknowledged and recognised ... See all stories on this topic » | ||
| Mortgage lending falls for unprecedented fourth month Telegraph.co.uk Business lending also suffered a sharp decline, driven by a drop in lending to manufacturing and construction companies in April. However, both sectors have seen good growth in lending in the past three years in contrast to commercial property lending, ... See all stories on this topic » | ||
| Co-op puts brakes on loans to new business customers Management Today But today it announced that it will not be giving loans out to any new business customers. A spokesman said that while the loan freeze will not apply to holders of personal accounts, no new companies will be able to join the bank's client roster. So ... See all stories on this topic » | ||
| Mortgage giants make it easier for retirees to secure loans Washington Post Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the home loan business ... See all stories on this topic » | ||
| Credit unions extend loans to military workers hit by sequester Central Penn Business Journal For both individuals and businesses, adjustment starts with trimming expenses. That's often accompanied by efforts to make up the lost income — perhaps a part-time job for an individual, and for a business, a new revenue source or a new emphasis on ... See all stories on this topic » | ||
| IFC to Increase Access to Business Training SMEs in Ghana spyghana.com IFC, a member of the World Bank Group, today announced a new agreement with Advans Ghana Savings & Loans Ltd to expand access to the Business Edge training program in Ghana. The program will help entrepreneur s gain the skills needed to succeed ... See all stories on this topic » | ||
| House Republicans push through student loan bill Longview News-Journal The Republican-backed bill would allow students to dodge a scheduled rate hike for students with new subsidized Stafford loans next month, but rates could rise in coming years. Democrats largely opposed the measure — which they branded the "Making ... See all stories on this topic » | ||
| Fitch Affirms Alaska Student Loan Corp. - 2002 Indenture of Trust Business Wire (press release) Fitch has revised its default projections on the Alaska Supplemental Education Loan Program (ASEL), Alternative Consolidation Loan Program, Teacher Education Loans (TEL), Family Education Loans (FEL) and Alaska Student Loan Program (ASL) based ... See all stories on this topic » | ||
| Troubled Co-op Bank halts business lending The Business Desk (registration) THE Co-operative Bank has stopped offering loans to new business customers as it seeks to shore up its finances.The move will raise fresh concerns over the state of its balance sheet weeks after the bank ruled out a bailout from the government. See all stories on this topic » | ||
| Are housing finance companies relevant? - NO Hindu Business Line The current demand for bank credit is being driven by the retail segment, particularly housing loans, which, given their multiplier impact, are sustaining industries with backward and forward linkages in steel, cement, transport and construction. As ... See all stories on this topic » | ||
| Citigroup's Aggressive Posture To Increase Business Operations Seeking Alpha Business loans have surged to $1.55 trillion this year, a 10 percent increase over 2012. Big banks have chosen to increase commercial and industrial loans and could be adding significant risk to the balance sheet for banks. The big banks are attempting ... See all stories on this topic » | ||
| Co-op Bank stops lending to new corporate clients Reuters UK LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital position. The bank's parent, the Co-operative Group, said on Friday it was undertaking ... See all stories on this topic » | ||
| Odessa apartment deal cited in FDIC lawsuit Tampa Bay Business Journal ... Business Journal: Email | Facebook | Twitter | Google+. A nearly $5 million loss on a loan to finance an apartment complex in Odessa is among the transactions cited in a suit filed by the Federal Deposit Insurance Corp. against the former officers ... See all stories on this topic » | ||
| CBA completes study of causes for high loan rates Trend.az The Central Bank of Azerbaijan (CBA) is about to complete a study of factors that contribute to high interest rates on bank loans, CBA Chairman Elman Rustamov told reporters. "Along with the banking community, we are conducting in-depth research in ... See all stories on this topic » | ||
| Market turbulence poses first serious test for Abenomics Business Standard At the same time, the 10-year-bond yield, a key interest rate linked to home mortgages and business loans, has almost tripled from the 0.315 % record low it plumbed in early April just after the central bank announced its plans for a massive increase ... See all stories on this topic » | ||
| Scams target military families around Memorial Day Milwaukee Journal Sentinel (blog) But it has also become a key opportunity for scammers to target those who are serving or have served their nation, especially elderly veterans, the Wisconsin Better Business Bureau warns. Among the scams directed at service members and veterans: High ... See all stories on this topic » | ||
| UK's Co-op Bank stops lending to new corporate clients Reuters LONDON May 24 (Reuters) - Co-operative Bank said on Friday it had stopped offering loans to new business customers, in a move designed to quell growing concerns over its capital position. A spokesman for Britain's biggest customer-owned financial ... See all stories on this topic » | ||
| Co-operative Bank draws scrutiny as it ends new company loans Financial Times In February, Mr Osborne told MPs and peers he was "very keen" on the deal while Mr Cable talked of the Co-op as one of a number of "challenger banks" that could fund small businesses as the five biggest lenders, recovering from their pre-2008 lending ... See all stories on this topic » | ||
| Brazil Credit Volume Up in April, While Loan Costs Hold Steady NASDAQ The country's central bank reported Friday that total credit volume rose 1.1% during the month to 2.453 trillion Brazilian reais ($1.20 trillion), or the equivalent of 54.1% of gross domestic product. Total lending was up by 16.4% over the previous 12 ... See all stories on this topic » | ||
| Long Island Summer Outlook: 'No Clue' vs. 'No Vacancies' Fox Business On New York's Long Island, Long Beach businesses struck by Superstorm Sandy say they haven't received loans to rebuild – and the summer season is up in the air. With Long Beach's iconic boardwalk destroyed by the monster storm, businesses in the ... See all stories on this topic » | ||
| Crowd-sourcing program to help woman pursue business dream in Northeast ... OregonLive.com For Hacienda's small business owners, who typically do not have access to bank loans, the micro-lending program is a great fit, said Luis Rodriguez, micro-enterprise developer at Hacienda. Toscuento is the second businesswoman participating in the ... See all stories on this topic » | ||
| Home lending guidelines change Sparks Today "The mortgage business has changed," said Bruce Specter, residential mortgage banker for Movement Mortgage in Reno. "Qualifications have changed considerably since the 'meltdown' of our economy. Now, we are back to where lending guidelines were ... See all stories on this topic » | ||
| Little movement in mortgage lending in UK last month, according to BBA figures Property Wire Duncan Kreeger, director at peer to peer lender West One Loans, described the data as a disappointing set of figures, in particular the serious deterioration in business lending. He explained that this continuously poor performance is one of the ... See all stories on this topic » | ||
| VIDEO: Leading MP backs Burnley's Bank of Dave for Britain Burnley Express Chuka Umunna MP visited the town to see first hand the work of Burnley Savings and Loans in boosting hundreds of businesses and traders in East Lancashire. The rising star of the Labour Party met David Fishwick who has battled against regulators and ... See all stories on this topic » | ||
| Bank Risk Managers expect mortgage delinquencies to continue to fall Market Realist (blog) The survey asks risk managers about their outlook for delinquencies in auto loans, credit cards, student loans, small business loans, and mortgages. It also asks them about current conditions, especially the housing market. Key findings of the report ... See all stories on this topic » |
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| 401K-IRA financing for your business - Arizona Business Loans Do you have 401k-IRA funds out there? You may be able to invest or loan some of that money to your new or established business... arizonabusinessloansllc.com/.../401k-ira-financing-for-your-b... | ||
| Loans - META Idaho Loans. At META, we specialize in supporting the small businesses and hopeful entrepreneurs in southwest Idaho. With programs emphasizing many of the ... www.metaidaho.org/what-we-do/ |
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