Fewer banks are headed for trouble, according to key measure of banking stability. But the banks that do show trouble are more troubled than usual.
Read more: http://tinyurl.com/pct87fs
Tag Archives: banks
Bank branches vanishing in small towns
DES MOINES, Iowa — Empty bank branches are starting to litter small-town business districts across the nation as the financial institutions that own them focus their resources on larger communities.
Read more: http://tinyurl.com/lp54v5y
Uncertain future has some mortgage lenders worried: brokers
The Town of High River’s flood-mitigation projects are being constructed with the community’s safety in mind, but increasingly, their efforts and residents actions in the post-flood period have a part to play toward increasing Canada’s mortgage lenders confidence in the community.
Read more: http://tinyurl.com/qh2s3dj
Credit is getting easier to find, Fed says
The nation’s banks are slowly loosening the reins on credit, a survey of bank lending executives by the Federal Reserve said Monday.
Read more: http://tinyurl.com/pj454xj
Banks have no clue on micro-condo market, argues leading agent
The Big Five do not know what they doing when it comes to the micro-condo market. That is the view of outspoken developer and real estate agent, Brad J. Lamb, as he slates the lenders for not tapping into this growing and lucrative market.
Read more: http://tinyurl.com/ls6m3df
Alberta financial institutions reaching out to HSBC’s spurned customers
CALGARY – Alberta-based financial institutions are reporting an increase in traffic in the aftermath of HSBC’s decision to cut off some small business accounts and give clients 60 days to set up alternate arrangements.
Read more: http://tinyurl.com/lyzstkv
Lamphier: The mood is light at prospering ATB Financial
It looks like Dave Mowat, the CEO of ATB Financial, won’t have to wait until Christmas morning to unwrap the gift he wanted most.
Read more: http://tinyurl.com/mnb5fnh
The new mortgage landscape: What you need to know
Home mortgage debt rose in the third quarter of this year for the first time since the end of 2008, according to a new report from the Federal Reserve.
Read more: http://www.cnbc.com/id/101261799
Rising mortgage rates a boon to smaller lenders
While 203,000 jobs added to the U.S. economy in November is welcome news, it will push interest rates higher—specifically, residential mortgage rates. Those rising rates, along with tighter underwriting and fast-rising home prices, are pushing borrowers away from larger lenders.
Read more: http://www.cnbc.com/id/101253229
Could banks charge fees for deposits?
A report last week that Federal Reserve officials have discussed cutting a key interest rate has raised the once-unthinkable possibility that banks could respond by charging customers for deposits.
Read more: http://tinyurl.com/l4ntmrm