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Aldermore Commercial Mortgages exceeds expectations
Intermediaries using the lender for commercial deals since this time last year said the lender’s success was due to “sensible” lending decisions and open lines of communication with the broker community.
Read more on Mortgage Introducer
Interest rates creep lower
VietNamNet Bridge – As inflationary fears ease, bankers expect the deposit interest rate to settle at ten percent per annum and lending interest rates to creep down toward the twelve percent range.
Read more on Vietnam Net
MONEY & BANKING
MONETARY POLICY: RBI hikes key policy rates by 25 bps to tame inflation Banks may hike deposit, not loan, rates first. The Reserve Bank of India on Friday took yet another baby step to stem the rising inflationary tide.
Read more on The Hindu
(AFX UK Focus) 2010-07-02 12:59 China c.bank issued extra bills in June, data show
SHANGHAI, July 2 (Reuters) – China’s central bank issued 360 billion yuan ($53 billion) in bills in June in addition to issuance in its open market operations, calculations from official data showed, apparently aiming to prevent a large volume of maturing special bills from flooding the market with cash. Two banking sources said the extra bills had likely been sold to Industrial and Commercial …
Read more on Interactive Investor
Small Business Borrowing Drops in May
The overall volume of financing to U.S. small businesses, sank about 5% in May–the lowest level in seven month.
Read more on FOX Business Small Business Center
India hikes interest rates by 25 basis points
MUMBAI -India’s central bank on Friday hiked two key short-term interest rates by 25 basis points in a bid to tame double-digit inflation. Read more…
Read more on The Malaysian Mirror
Intesa CEO Passera Seeks Tighter Liquidity Rules for Banks, Sole Reports
Banks need “more stringent” rules on liquidity and limits on the amounts they can borrow, Intesa Sanpaolo SpA Chief Executive Officer Corrado Passera wrote in Il Sole 24 Ore today.
Read more on Bloomberg
(AFX UK Focus) 2010-07-03 03:45 Glance-PRESS DIGEST – British Business Press – July 3
The Daily Telegraph
Read more on Interactive Investor