Intesa Sanpaolo in talks with various parties on bad loans sale

OXFORD, March 23 (Reuters) – Intesa Sanpaolo is in talks with various parties interested in buying part of its non-performing loans portfolio, chief … The country's bad loan market has attracted strong interest from international investors, which are hoping for double digit returns from these assets but need
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It briefly dipped below the 50-day moving average, before rebounding to 2.84 percent Friday morning. “When the risk appetite pendulum swings toward 'off,' Treasuries are going to rally only so far in the short term,” Jim Vogel, a strategist at FTN Financial Capital Markets, wrote Friday in a note.
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Based on a letter attached to the agenda, Kologiski felt the present value of their home is $1.1 million based on a recent appraisal for mortgage financing, while the city's appraisal group, Vaughn & Melton assigned a market data value of $750,000 “due to the highly unusual architecture of the house” and
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Open banking involves clever tech companies building consumer-friendly money management and payment apps giving people more control over their banking, and potentially driving the cost of banking down. But to win consumer trust, open banking needs secure interfaces between banks and app
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Mortgage rates are on track to finish the week lower from where they started. Trade war concerns yesterday were the major driver of rates this week, despite the fact that we had an FOMC meeting on Wednesday that bumped up the federal funds rate. Read on for more details.
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SYDNEY (AFP) – Australia's Commonwealth Bank plans to enter mediation with the country's financial intelligence agency over a major anti-money laundering civil case that could be hugely costly for the lender. The nation's biggest bank was taken to the Federal Court in August for “serious and systemic
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Online lending became more visible after the 2008 financial crash, when many small businesses absorbed a bigger hit than larger companies did. Online lenders use technology to offer faster turnaround times, increased accessibility and “more accurate credit scoring algorithms,” according to one
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For filmmakers who want to dramatize the finance industry, one of Wall Street's main appeals is that most people don't understand how it works. In The Big Short, actress Margot Robbie explains subprime mortgages while sipping champagne in a bubble bath. Other movies— Margin Call and Wall Street
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Real estate has traditionally been a long-term game where families and large institutions bought and held assets for generations. While there were certainly ebbs and flows in the market, and occasional periods of euphoria and fear, real estate has generally been a good investment if you held on to it
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As the #DeleteFacebook campaign ramps up, even SpaceX and Tesla CEO Elon Musk is weighing in. The billionaire entrepreneur doesn't have a Facebook account to delete. He's more of an Instagram user, which is owned by Facebook. But on Friday, Musk said he would delete the official Facebook
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The market in real estate is in a state of evolution, with the rapid growth of quasi operational assets such as data centres and logistics centres, as well as the occupation of more conventional assets, such as offices, on more flexible terms. The varying nature of those business models means that a
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The British bank, NatWest, has confirmed its commitment to lending £10bn (US$14.15bn) into renewable energy and energy efficiency projects by 2020. In 2015, the company announced that they would be lending £3bn ($4.24bn) over a period of three years. NatWest surpassed its target by lending
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Tobias Preston, his brother, Charles Preston, and his son, Caleb Preston, agreed to repay $30 million they allegedly improperly received and to the appointment of new management at investment advisory firm, McKinley Mortgage Co., the fund, Alaska Financial Company III, and their affiliates, the SEC
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WASHINGTON—U.S. new-home sales dropped slightly in February, continuing a trend of choppy sideways movement for a narrow segment of the housing market. Purchases of newly built single-family homes—a relatively small slice of all U.S. home sales—decreased 0.6% from the prior month to a
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Stewart Information Services Corp. will be acquired by Fidelity National Financial for a $1.2 billion cash-and-stock deal. The Houston-based company provides title insurance and real estate transaction services in 80 countries and has 20 locations in the Houston area. The proposal is subject to approval
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MCLEAN, VA–(Marketwired – Mar 23, 2018) – Freddie Mac ( OTCQB : FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.2 billion in K Certificates (K-074
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Summerhill Commercial Real Estate debuts on The List this year after acquiring Steiner Development Inc., ranked 21st last year, and Steiner Commercial Realty Inc. The deal added 1.5 million square feet of gross leasable area managed in the Twin Cities to Summerhill's previous portfolio of 436,598
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Given the significant role Fannie Mae and Freddie Mac have in the national housing market, it is unsurprising that both have become embroiled in the Nevada HOA super-priority lien litigation. Since July 2008 – well before the Nevada Supreme Court held that an HOA's foreclosure on its super-priority
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Daniel O'Donnell's fortune wasn't too badly affected by his massive spend on Room to Improve. Wee Daniel … He's still in 20th place, with the very same fortune of €31 million that he had around this time last year. … Niall Horan's worth €52 million this year (an increase of €8 million on last year's fortune).
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Seven out of every 10 Americans use banking apps at least once per week, but nearly as many say they are frustrated by banks' digital offerings. Katherine McGee, head of digital product management at Wells Fargo, tells PYMNTS how using AI and machine learning is reshaping the bank's digital
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