A guidance released in November by a number of authorities, including the banking regulator and the securities regulator in China, said that the authorities hope to remove “rigid payments”, or bailouts for asset management products, which have been widely observed in the past years. The guidance
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Silvio Berlusconi may be banned from running for office, but he could still be the kingmaker in Italy after the March 4 election. While the former premier's party Forza Italia is set to lose almost 2 million votes compared with its showing in 2013, he's established the basis for a three-party alliance that is set
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Mumbai: The Indian government and the country's central bank are at the final stage of drawing up a plan to infuse Rs2.11 trillion capital into public sector banks (PSBs) which roughly have a 70% share of the assets of Indian banking industry, consisting of 21 public sector banks, 26 private sector banks,
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A reading below zero means banks will implement tougher screening for household loans, while a reading above zero means eased lending requirements. … The BOK data also showed that local lenders' attitude toward fresh loans to big firms dropped to zero in the first quarter, while the attitude toward
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The Dow Jones Industrial Average, a way to measure the stock market, passed 2,500 for the first time last Thursday. The S&P 500, another … Holland is skeptical. Productivity and the stock market have been increasing steadily since the housing market crash in 2008, but wages have stayed stagnant.
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âI think (the December results) are an indication of what to expect for 2018,â he said. âA period of sustained price falls would likely push the city's median home price down by up to 10 per cent over the next two years, although this would not constitute a crash. âIt doesn't suggest the housing market has
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Assurant Industry veteran Scott McGregor is starting off the new year in a new roleâAssurant, premier global provider of risk management solutions, announced his appointment as Managing Director of subsidiary American Title, Inc. (ATI), one of the industry's top alternative title, valuation, and settlement
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They did not seem to agree with our ideas and that's why we issued the mandatory provision for productive sector lending. Banks have to be far-sighted, explore new business opportunities, and help develop more entrepreneurs by providing finance to their businesses. A large number of people are still
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Labor Department releases the Producer Price Index for December. Freddie Mac, the mortgage company, releases weekly mortgage rates. Treasury releases federal budget for December. FRIDAY. Labor Department releases Consumer Price Index for December. Commerce Department releases retail
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Property funds globally suffered their worst year of fundraising since 2013 as investors shunned real estate over fears that the market is at risk of overheating. They piled into private equity and debt instead. Closed-ended property funds, where investors lock up money for a defined time, raised $109bn in
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Credit deposit ratio, the proportion of deposits used for lending, has touched 74.38 per cent, compared to 69.87 per cent a year ago, indicating pressure on deposits. Banks have already started drawing on their surplus deposits to meet loan demand. Investment deposit ratio over the same period has
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Things have changed since Ningde Rural Commercial Bank introduced the mobile banking service to local fishermen. Through its app, the bank helps its clients to transfer money or apply for loans in just one minute. Last year, Zheng received a three-year loan of 500,000 yuan from the bank at a
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The won, Asia's best-performing currency last year, may find little standing in its way to a 2008 high, according to Citigroup Inc. The currency will benefit from a buoyant global economy, while dollar strength will be limited, according to David Um, the managing director of the markets group at Citibank
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China took another step to clamp down on leverage in the financial system, ordering banks to ensure they aren't exposed to risks from their entrusted loan business. Banks can only act as intermediaries when arranging entrusted loans, and must not provide guarantees or get involved in decision-making
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SHANGHAI (Reuters) – China's central bank said it will skip open market operations for the 11th straight trading day on Monday as liquidity levels in the … On a net basis, the People's Bank of China (PBOC) will drain 40 billion yuan ($6.17 billion) from the money market for the day, equal to the amount of
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THE government of South Korea, through its Export-Import Bank, pledged to finance the construction of the New Cebu International Container Port project for US$173 million or about P8.6 billion. Cebu Port Authority (CPA) General Manager Angelo Verdan said that the loan, if it pushes through, would
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View Image. View Image Real Estate classified ad of the Meadville Tribune. Browse Real Estate classified ads and free ads. Post free Real Estate classified ads.
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By Charlene Crowell (Communications Deputy Director, Center for Responsible Lending). Mounting student debt is a nagging problem for most families these days. As the cost of higher education rises, borrowing to cover those costs often becomes a family concern across multiple generations including
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BEIJING- China's banking regulator has introduced new measures to increase scrutiny on investments in commercial lenders and tighten regulation on … introduced a series of new measures aimed at controlling risk and leverage in the financial system, with everything from lending practices to shadow
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UBS Group set a $6.00 target price on Weatherford International (NYSE:WFT) in a research note published on Wednesday, www.tipranks.com reports. The firm currently has a buy rating on the oil and gas company's stock. WFT has been the subject of several other research reports. Citigroup boosted
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