Credit Suisse names Abbasi as Asia-Pac CEO

Credit Suisse has put insider Osama Abbasi at the helm of the fast-growing Asia-Pacific region replacing Kai Nargolwala less than three years after hiring him from Standard Chartered .

Easier loans to students, investors on anvil: Kapil Sibal

Human Resource Development Minister Kapil Sibal has said the National Education Finance Corporation has been asked to provide easier credit rates to investors in the education sector and to facilitate flexibility in repayment of study loans by students.

Loan quality in Indian banks deteriorated: SBI chief

State Bank of India Chairman O P Bhatt said on Tuesday that loan quality in the banking sector had deteriorated in the last two years.

80 Per Cent Loan For Mortgages Will Not Dampen Property Market In Long Run: Chor

KUALA LUMPUR, Sept 7 (Bernama) -- The proposal to impose a 80 per cent loan-to-value ratio (LVR) for mortgages will not dampen the property market in the long run, said Minister of Housing and Local Government, Datuk Wira Chor Chee Heung.

Mortgage sales jump 11% in August

Mortgage sales jumped 11 per cent in August as homebuyer confidence strengthened and mortgage delinquencies stabilised.

Dubai Holding unit delays loan repayment again

* Repayment of $555 mln loan extended to Nov. 30

Loan quality in banks has deteriorated: Bhatt

Loan quality in banks has deteriorated: BhattLoan quality in banks has deteriorated: Bhatt

Credit Suisse Names Abbasi Asia CEO, Executive Board Member

Credit Suisse confirms Abbasi as new Asia CEO

SINGAPORE, Sept 7 (Reuters) - Credit Suisse confirmed on Tuesday it has appointed Osama Abbasi as chief executive Asia-Pacific, with current CEO Kai Nargolwala becoming non-executive chairman.

China Regulator to Require 2.5% Loan-Loss Reserves, Guosen Says

China’s banking regulator is drafting a plan requiring banks to maintain loan-loss reserves equivalent to 2.5 percent of total lending, according to Guosen Securities Co.

BMO cuts mortgage rate to spur home buying

Bank of Montreal has chopped its benchmark five-year mortgage rate, aggressively throwing its weight behind what many are calling an increasingly wobbly housing market

Binay urges ‘Pepeng’ victims to get loans to rebuild houses

Vice President Jejomar Binay on Saturday asked Baguio and Benguet residents displaced by last year’s Typhoon “Pepeng” to help themselves by securing housing loans to build their own resettlement sites because a subsidy from the National Housing Authority (NHA) was no longer feasible.

Credit Suisse Said to Update Price Guidance Ahead of Sale of Samurai Bonds

Credit Suisse Group AG , the second- biggest Swiss bank by assets, updated its price guidance for a planned sale of Samurai bonds tomorrow, according to a person with direct knowledge of the transaction.

County to offer loans for energy efficiency projects

Homeowners of all income levels can start applying to the county this week for loans for energy-efficiency and renewable energy projects.

China's 4 Largest Banks August New Loans 218.8 Billion Yuan, Caixin Says

China’s new loans in August for the four biggest banks were 218.8 billion yuan, Caixin Online reported today, citing shared data from the interbank market.

Student Loan Scrutiny Could Hurt Washington Post

The paper's Kaplan education unit may be battered by a crackdown on loan repayment rules

Australia Banks Should Raise Mortgage Rates This Year, UBS' Boubouras Says

Australian banks should raise mortgage rates before the end of this year independent of any increases by the nation’s central bank to soften the impact of rising funding costs, UBS AG said.

China Property Collateral in Loans for Third Homes, Business News Reports

Some individuals are using property as collateral to obtain consumption loans for buying third homes, the China Business News reported, citing some commercial banks in Shanghai.

Int'l lenders consider loans for Nabucco gas pipeline

Three international financial institutions agreed on Monday to consider loans totaling 4 billion euros (5.1 billion U.S. dollars) for the Nabucco gas pipeline, a key project to reduce EU dependence on Russian gas.

Mortgage broker avoids jail over $160,000 rip-off

A Christchurch mortgage broker who admitted ripping off a client to the tune of $160,000 has avoided a jail sentence.

Number of loans taken from 401(k) plans rising again

As of June 30, 21.9 percent of workers with 401(k) plans had loans outstanding, up from 19.3 percent in 2008, according to Fidelity Investments .

13. Unclear how loan-to-value ratio will impact loans growth

PETALING JAYA: The impact of any lower loan-to-value ratio (LVR) for mortgages on the banking system loans growth is still unclear, but analysts do expect loans growth to take a hit if the measure is pushed through.

Credit Card Consolidation: Tips on Consolidating Credit Card Debt

Credit card consolidation programs can help many individuals lower their credit card debt and consolidate into a single and more affordable program. It’s a smart idea, to pay off your credit card debt with one loan that has a low interest rate. But according to Bankrate and Helium, here are some things you need to know before you take this route. When transferring debt into one card, make sure ...

Payday loans serve those banks reject

Over the years I’ve seen many articles critical of the short-term financial product commonly known as a “payday loan.” They have been termed abusive for their high interest rates and the fact that people often have multiple loans and fall into greater debt. I don’t challenge the fact that more of these loans go into default; it speaks to a larger problem: Where do people with credit issues get ...

WATCH: Can Company Credit Cards Affect Your Credit?

If your company goes under, credit cards could go after you for the balance. Credit card - Business - Financial Services - Banking Services - Credit score

Taylor loan extended

Crewe have reached agreement with Chelsea to extend the loan of goalkeeper Rhys Taylor until the end of the season.

Ilesanmi loan extended

Dagenham defender Femi Ilesanmi has penned a loan extenstion with Histon until at least November, according to the Blue Square Premier club's manager David Livermore.

UAE mortgage lending up 12.7% in H1 2010 – cenbank

Mortgage lending among the UAE's 51 banks rose by AED18bn to AED159.8bn in H1.

Fix your credit score, step by step

A credit score is computed in five parts. Follow these hints to improve each component.

Mortgage data pool looms

(EXCLUSIVE) Homebuyers' mortgage histories are set to be shared among banks from next year - if the privacy commissioner gives the go-ahead.

Credit Agricole, Societe Generale To Meet Australia Debt Investors - Sources

Australia Mortgage Bond Rules Are Negative for Smaller Banks, Moody's Says

Australia’s regional banks face higher costs to sell mortgage-backed bonds after the regulator released new guidelines on how some notes should be treated when calculating reserve buffers, Moody’s Investors Service said.

Australia's credit rating not hurt by political deadlock

International credit rating agency Standard & Poor's (S&P) has reaffirmed Australia's AAA credit rating, saying there is a strong political will to bring the budget back to surplus whoever eventually wins power.

Prosecutors: Erie area mortgage fraud defendant's requests 'devoid of merit'

Former mortgage office manager Francis R. Conti, serving a federal prison term for his role in a local mortgage-fraud scam, argues in court papers that a recent U.S. Supreme Court ruling limiting a commonly used federal fraud law should get him released from prison and his sentence modified.

No loans for polluters

China's central bank has set up a database on companies' environmental records and banks were told not to approve loans to companies that have violated environmental regulations, the Shanghai Securities News reported Saturday.

Thrift banks soured loans rise in Q1

SOURED LOANS of thrift banks in relation to total loans rose in the first quarter, while those of rural and cooperative banks declined, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Loan modification program in Phoenix helps fewer than expected

A year and a half after it began, the federal government's loan-modification program is helping fewer homeowners facing foreclosure than hoped.

Credit Reports: Lenders Aren't the Only Ones Looking at Your Credit History

Credit report checks aren’t something to look forward to, especially if you know your credit history won’t impress the lender. But there is another reason why you should be worried. Much more recently, employers are using applicants’ credit reports to deny jobs, The Huffington Post reported. According to the site, the Society for Human Resource Management conducted a survey which showed that as ...

Mortgage rates drop to another new record

Mortgage rates fell to the lowest level in decades for the 10th time in 11 weeks, as investors worried about the economy. Business - United States - Mortgage - Financial Services - Mortgage loan

Mortgage rates hit decades-low of 4.32 percent

Washington -- Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.