Posts Tagged ‘lending’

China CPI inflation slows but lending brisk

China CPI inflation slows but lending brisk
Chinese consumer inflation unexpectedly slowed last month, but a leap in lending and a rise in factory-gate inflation will keep policymakers alert to the risk of credit-fueled overheating in the world’s third-largest economy.

Read more on Budapest Business Journal

ICBC says to tighten lending to property developers

ICBC says to tighten lending to property developers
BEIJING, Feb 8 (Reuters) – Industrial and Commercial Bank of China (ICBC) <1398.HK><601398.SS> said it will halt lending to property developers that are hoarding land and may even call back some loans, in a bid to guard against credit risks.

Read more on Reuters via Yahoo! Malaysia News

US, State Regulators Seek To Support Small-Business Lending

US, State Regulators Seek To Support Small-Business Lending
WASHINGTON -(Dow Jones)- U.S. federal and state bank supervisors Friday urged financial institutions to continue lending to credit-worthy small businesses. Concerned about a contraction in lending to…

Read more on MalaysiaNews.net

$30B in TARP funds to go to small-business lending

$30B in TARP funds to go to small-business lending
Today, President Obama will announce the latest initiative in his series of plans to spur growth, bolster hiring and free up credit for small businesses: a new $30 billion “small-business lending fund” created from TARP money.

Read more on USA Today

Lending Stream Payday Loans Goes One Up On Banks

Lending Stream Payday Loans Goes One Up On Banks
EDGWARE, UNITED KINGDOM–(Marketwire – Feb. 3, 2010) – Steve and Harry were both feeling the pinch of the economic crisis. Leaner pay cheques, rising commodity prices and strained monthly budgets forced them to look for credit options to bring their finances back on track. While Harry took the conventional route, choosing to go £80 overdraft on his account, Steve researched more extensively and …

Read more on Marketwire

Geithner: Regulators, Congress to blame for banks not lending

Geithner: Regulators, Congress to blame for banks not lending
WASHINGTON_ Overzealous bank regulators and an attempt by Congress to punish greedy bank executives are combining to restrict the ability of the nation’s 8,000 community banks to lend to small businesses, Treasury Secretary Timothy Geithner said Tuesday.

Read more on McClatchy Newspapers via Yahoo! News

China moves again on lending, economy shows strength

China moves again on lending, economy shows strength
China has ordered a further clampdown on excessive bank lending to ensure credit has not illegally entered the stock or property markets as two surveys on Monday showed the mounting challenges faced by policymakers.

Read more on Reuters via Yahoo! News

Think twice before lending your credit card — or it will cost you big

Think twice before lending your credit card — or it will cost you big
If you let someone — such as your underage daughter — borrow your credit card, watch their spending carefully. If they go overboard, you’re likely responsible.

Read more on Fox News

Tories call for responsible lending after bankrupt family are offered credit card

Tories call for responsible lending after bankrupt family are offered credit card
The Conservatives last night rounded on irresponsible lending after a couple were asked if they would like a new credit card with the same company that is repossessing their home.

Read more on Daily Telegraph

China Asks Some Banks to Limit Lending on Insufficient Capital

China Asks Some Banks to Limit Lending on Insufficient Capital
Jan. 20 (Bloomberg) — China has told some banks to limit lending and will restrict overall credit growth in the nation to 7.5 trillion yuan ($1.1 trillion) this year, banking regulator Liu Mingkang said.

Read more on Bloomberg