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Commercial Lenders News

Aug. 28 (Bloomberg) -- Bank of China Ltd. posted the slowest profit growth among the nation's biggest lenders in the second quarter because of subprime mortgage losses and said it holds $10.5 billion of securities backed by U.S. home loans.


Nonprofit student loan lenders in Kentucky and New Mexico have each privately placed $50 million of short-term debt with their respective states as part of efforts to find short-term liquidity that will allow them to participate in a program run by the Department of Education to assist non-bank lenders in financing student loans.


Taylor Wimpey Swings To Loss As Talks With Lenders Continue


Bank of China, one of the nation's big four state-owned commercial lenders, Wednesday denied it facilitated terrorism, responding to accusations in a US lawsuit filed by a group of Israelis.


Just as a good thriller can bring an audience to the edge of its seat in anticipation of that pinnacle of dread, the anxiety has mounted in intensity this summer within commercial real estate markets waiting for that long-predicted moment of economic...


Bank of China posted the slowest profit growth among the nation's biggest lenders in the first half, weighed down by $405 million in second-quarter losses on U.S. subprime mortgage investments.


Commercial real estate investment in Canada is forecast to fall by as much as 40 per cent or more this year, the biggest drop since the start of the decade, says a report by a leading brokerage firm.


Another major Chinese bank reported double-digit profit growth Thursday as it avoided the credit crisis that has battered Western lenders but warned it might face tougher conditions in coming months.


Aug. 28 (Bloomberg) -- Bank of China Ltd. posted the slowest profit growth among the nation's biggest lenders in the first half, weighed down by $405 million in losses on U.S. subprime-mortgage investments.


The number of "problem banks" in the second quarter was the highest since 1993 -- and Minnesota is not immune.



 
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