After much anticipation, the Royal Commission into the financial services industry is finally under way. And the man running the commission, former High Court judge Kenneth Hayne, has wasted no time reminding banks of the need to fully admit their transgressions. He's told the hearing that Australians
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According to Sindh-based growers, larger loans to ginneries on the back of a bumper cotton crop expanded agricultural lending to the province in the quarter. Since ginning loans are expected to remain high during the second quarter as well and general demand for farm loans is growing, agricultural
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Speaking at the opening of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Kenneth Hayne QC said he sought information about misconduct over the past 10 years from the finance institutions on December 15 last year. But he said
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Jia's fortune plummeted after regulators suspended Leshi's shares for nine months and ordered him to return home and repay millions of dollars in outstanding obligations. He currently risks losing control of Leshi because of a possible margin call on his shares, which have plunged more than 60 percent
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NACA's new program works with area banks, like Bank of America, to reduce mortgage rates for home buyers who can't afford traditional mortgages. About 5,000 people have attended this event so far hoping that they can qualify for a low-cost mortgage and own their own home. âThis is the first time
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The collapse of two Bear Stearns structured Credit funds in July 2007 marked a critical (mortgage finance) Bubble inflection point. These funds were highly leveraged in (mainly “AAA”) collateralized debt obligations (CDOs), as well as being enterprising operators in Credit default swaps (CDS).
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Oaktree Specialty Lending Corpo (:OCSL) closed at $4.42 after seeing 1385129 shares trade hands during the most recent session. This represents a change of -0.23% from the opening. The shares have moved -10.34% on the week. The closing price represents the final price that a stock is traded for
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Bets on market tranquility that blew up in spectacular fashion helped spark a record shift in the futures market. The weekly commitment of traders report shows non-commercial positioning in VIX futures contracts spiked to a record net long of 85,818 contracts as of Feb. 6. VIX futures contracts are tied to
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Pag-IBIG recently awarded the country's top housing developers in terms of loan take-out value in formal ceremonies at the Philippine International … even more exciting for us as we will launch more large-scale projects that will make 8990 poised to capture the Metro Manila affordable housing marketâ.
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“Delaying the decision does not change the fact that the machinery cannot economically make product suitable for the low-cost housing market.” Reid said with the laminated veneer lumber plant mothballed but not removed, he was hopeful production could eventually return to the site. He said it was
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According to CoreLogic, prices in Australia's largest and most expensive housing market fell by a further 0.2% last week, extending the losses over the past month to 1%. The continued … With prices going backwards in Sydney, it saw annual price growth in the city slow to just 0.7% in nominal terms.
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MORTGAGE: Five simple ways to save on your home loan. Online home loan platform Lendi found one in two Australians consider themselves to be good at driving a competitive deal, but only 41 per cent of home loan customers had bothered to take action and negotiate their interest rate. Only 41 per
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Feb. 12 (BusinessDesk) – New Zealand's housing crisis is “deeper and more entrenched” and an inadequate supply of new houses means both the cost of homeownership and renting is increasingly unaffordable, according to a government-commissioned report. “Fixing the housing crisis will take bold
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China's biggest tech companies are emblems of national pride. When the government decides upon a priority, Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Baidu Inc. are often asked to help devise the technology to achieve it. The companies are generally spared from official criticism,
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Lagos-based real estate firm, Homework Development and Properties Limited, says it is working to restore the trust foreign investors once had in the Nigerian real estate industry. The firm said the confidence that more foreign investments would come into the country came as a result of the recent
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Amalgamated Bank boosted its holdings in shares of Invesco Mortgage Capital by 1.1% during the second quarter. Amalgamated Bank now owns 14,313 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 155 shares during the last quarter. Principal Financial
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Amidst the increases of interest rates in other parts of the globe, Reserve Bank of Australia governor Philip Lowe slammed calls for an interest rate hike and said the bank would not introduce cash rate changes anytime soon. In his opening remarks at the A50 forum in Sydney, Lowe said Australia does
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U.S. President Donald Trump speaks during a meeting in the Oval Office of the White House in Washington, D.C., U.S., on Friday, Feb. 9, 2018. Trump during the meeting praised his former staff secretary, Rob Porter, for performing well in the White House and cautioned reporters to keep in mind that he
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Investors sentiment decreased to 2.11 in Q3 2017. Its down 4.75, from 6.86 in 2017Q2. It fall, as 6 investors sold Ellington Residential Mortgage REIT shares while 12 reduced holdings. 11 funds opened positions while 27 raised stakes. 8.71 million shares or 45.20% less from 15.89 million shares in
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While sector analysts agree earnings growth for the big banks will be modest at between 2% to 3% a year, the sell-off in share prices (even before this … A slowing housing market will hang over the sector as well as narrower interest rate margins, while the Royal Commission will maintain uncertainty
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