Tag Archives: banks

Southern Cross agrees extension of banking facilities – The Northern Echo

It said it was unlikely to be able to continue trading if it could not agree rent reductions with landlords and its banks withdrew a £50m credit facility that was only guaranteed to June 30. It has since reached agreement … Continue reading

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Banks agree to delay Southern Cross tests – The Independent

Southern Cross’s lenders have postponed a test of its banking covenants until 31 May as the care homes group tries negotiate rent reductions with landlords in the wake of local authority spending cuts. Britain’s largest care homes operator, with 38,600 … Continue reading

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Apartment Mortgages – Miami Daily Business Review

Miami Daily Business Review Apartment MortgagesMiami Daily Business Reviewefaults on US apartment mortgages held by banks fell in the second quarter from a record, the first sequential drop in almost three years, as rents and … and more » read more

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NY Life tops 2Q list of fixed-annuities sellers – InvestmentNews

NY Life tops 2Q list of fixed-annuities sellersInvestmentNewsAnnuities with fixed rates have been harder to sell, but fixed indexed annuities have been easier for banks to move since they have a cap rate — the … and more » read more

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Commercial Property to Stay 40% From Peak, Pimco Says – BusinessWeek

Commercial Property to Stay 40% From Peak, Pimco SaysBusinessWeekThe capitalization rate is a measure of real estate returns derived from net operating income divided by property value. As regional US banks are forced to … and more » read more

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Banks short change savers – Courier Mail

Banks short change saversCourier MailThe big four banks have trumpeted their decision to cap rate rises on their standard variable home loan rates at a quarter of a percentage point – matching … and more » read more

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Banks short change savers – Trading Room

New Zealand Herald Banks short change saversTrading RoomThe big four banks have trumpeted their decision to cap rate rises on their standard variable home loan rates at a quarter of a percentage point – matching …Banks refuse to cap rate … Continue reading

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Banks refuse to cap rate rise – Herald Sun

Banks refuse to cap rate riseHerald SunHousing affordability in Australia is set to take another hit today. Picture: Machnik Source: The Daily Telegraph … and more » read more

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San Diego’s credit unions ba$king in big banks’ financial failures – San Diego Metropolitan

San Diego's credit unions ba$king in big banks' financial failuresSan Diego Metropolitan… including those at military bases in Japan and Korea, dragged down the capitalization rate to 4.4 percent, which the NCUA considers “undercapitalized. … and more » read more

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