Banks (Finance)
As part of its efforts to curb soaring property prices, the Chinese government has unveiled a series of measures to rein in the market. The China Banking Regulatory Commission (CBRC) has directed financial institutions to place restrictions on loans to property developers, while the Ministry of Housing and Urban-Rural Development
Banks (Finance)
Punjab National Bank has experienced the most significant increase in bad loans among state-owned banks, with its non-performing assets (NPAs) growing three-fold to Rs 842 crore during a nine-month period, according to a report by the Standing Committee of Finance. This increase has raised concerns about the bank's
Banks (Finance)
Many public sector banks, including Punjab National Bank, Corporation Bank, United Bank of India, and Bank of Maharashtra, have decided to discontinue the special home loan scheme, which ended on March 31. State Bank of India, India's largest bank, has decided to extend the scheme by a month,
Banks (Finance)
Irish taxpayers will assume the burden of €8.5 billion in toxic bank loans, with the government setting up a "bad bank" to absorb €81 billion of distressed property loans. The Dublin government's plan aims to clean up the books of troubled Irish lenders, with the
Banks (Finance)
The UAE's trade surplus decreased by approximately 59% in 2009 compared to the record high of 2008, primarily due to a drop in oil prices and a slowdown in bank credit to commerce and other sectors. According to official data from the Arab Monetary Fund (AMF), the trade
Banks (Finance)
The results for local banks in San Diego highlight a struggle to generate profits, with only nine out of the top 20 banks showing net income in 2009. Several banks have failed due to under-capitalized positions, including La Jolla Bank, San Diego National Bank, and Imperial Capital Bank. The ongoing
Banks (Finance)
The Indian government has announced plans to infuse Rs 16,500 crore into public sector banks to ensure they meet the minimum Tier-I capital adequacy ratio of 8 per cent by March 2011. The World Bank has agreed to provide a $2-billion loan for re-capitalizing government-owned banks. The government'
Banks (Finance)
Rice farmers in the Philippines are facing significant challenges as the El Nino weather disturbance threatens to impact their crops, leading to uncertainty over loan repayments. The Land Bank of the Philippines, which had extended loans totaling P12 billion (US$259.4 million) to rice farmers last year, is now
Banks (Finance)
La Jolla Bank FSB, with 10 branches in Southern California and Texas, was shut down by federal regulators on a Friday evening due to its excessive exposure to commercial real estate loans. The bank's assets swelled to $3.6 billion during the construction boom of the 2000s, but
Banks (Finance)
Market anxiety increased ahead of global markets' reaction to the Federal Reserve's move, with investors awaiting the reopening of Shanghai and Shenzhen markets on Monday to assess the impact of Beijing's monetary tightening. The U.S. Federal Reserve's decision to raise the interest
Banks (Finance)
Chinese commercial banks have pledged to control loans to local governments' financing platforms and real-estate enterprises, citing high risks and concerns over project sustainability. Industry insiders warn that bank assets could be in danger if loans are not repaid, affecting banks' asset quality. The China Banking Regulatory Commission
Banks (Finance)
As the Democratic candidate for Senate in Illinois, Alexi Giannoulias has been embroiled in a controversy surrounding his role in the near-collapse of Broadway Bank, a financial institution owned by his family. Although Giannoulias promised to address questions about the bank's questionable loans during his campaign, he has
