Banks cut lending, opt for investment in securities

Banks cut lending, opt for investment in securities

The loan books of Deposit Money Banks are shrinking by the day as lenders step up investments in securities and money market assets at the
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Proplend Tops £25 Million in Peer to Peer Property Lending with Zero Losses to Date

Proplend, a UK based peer to peer lender in the property space, has now topped £25 million in online lending. Proplend revealed the accomplishment
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EBRD lending 10 mln euro loan to Garanti Leasing Romania

BUCHAREST (Romania), October 2 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Monday it is providing a
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Yellow metal price sheds value on dull buying, hedging interest

KARACHI: Yellow metal prices in international and domestic markets ended in lower bracket on dull interest of buyers while hedgers and investors
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Ten mortgage lenders raise rates within one week

At least 10 lenders have raised mortgage rates in the past week – including giants Nationwide and Halifax – as expectations grow of an increase in
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What triggers Kachha credit rates falling?

MUMBAI: Interest rates that money lenders charged borrowers hardly budged for decades irrespective of policy decisions. But even that is collapsing
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The Owner of Mandalay Bay Lost Almost a Billion Dollars in Value After the Las Vegas Shooting

Shares of MGM fell nearly 5% in trading Monday, with the casino company's market capitalization dropping to $17.8 billion after police said Paddock
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Los Angeles prepares to reopen Section 8 housing list after 13 years

The city of Los Angeles will soon open its Section 8 housing list for the first time in 13 years, and analysts expect applications to come pouring in,
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Kate Carnell flags government-backed business bank

Small Business Ombudsman Kate Carnell has floated the idea of a taxpayer-backed bank to support lending to small businesses, saying the current
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Liza Chasin Exits Working Title After 26 Years

Liza Chasin, president of the U.S. operations of U.K.-based Working Title, is departing the company after 26 years. Working Title co-chairmen Tim
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DEVAL opens origination platform

DEVAL, a national loan servicing company that focuses on the high-touch Hispanic market, has announced the launch of an origination channel, Your
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Dougherty Mortgage Closes $32M Loan for MN Community

Dougherty Mortgage, a full-service national mortgage banking firm, recently closed a $31.5 million HUD 221(d)(4) loan for the new construction
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Signal Watch : Wilder Moving Average is Below Simple MA on Shares of Fidelity Real Estate MSCI …

The 14-day ADX for Fidelity Real Estate MSCI ETF (FREL) is standing at … A reading under 20 would suggest no trend, and a reading from 20-25
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RioCan selling up to $2 billion in real estate in smaller markets to focus on Canada's big six cities

Edward Sonshine, chief executive of Canada largest real estate investment trust, RioCan. RioCan plans to sell up to $2 billion in assets but still
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Realtors vs. robots: Redfin CTO says artificial intelligence shouldn't replace real estate agents

Artificial intelligence is set to disrupt industries of all sorts, and threaten a lot of jobs, but don't expect your traditional real estate agent to be replaced
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Las Vegas shooter was a multi-millionaire real estate investor: brother

A brother of Las Vegas shooter Stephen Craig Paddock says he was a multimillionaire who made much of his money investing in real estate.
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Everett Mall sold to California real-estate investment group

EVERETT — California real estate investment firm Brixton Capital announced Monday that it has purchased Everett Mall for an undisclosed price.
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Veteran broker switches real estate firms

Martin Leon — a senior commercial real estate broker — has joined GPS Retail Advisors in Scottsdale. He moves to GPS from DeRito Partners, where
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Associate, Corporate & Investment Banking

Within Santander's Global Banking & Markets platform, and as part of US Corporate & Investment Banking (CIB), the primary function of the Associate
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Minot Real Estate Agent Wounded in Vegas Mass Shooting

A real estate agent from North Dakota is among the hundreds of concert-goers wounded in a shooting rampage at an outdoor show in Las Vegas.
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