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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
Morgan Stanley May Hire 500 Private Bankers in Lending Push
Morgan Stanley, owner of the world’s largest brokerage, hired 100 private bankers and may quintuple their numbers by the end of 2011 to offer more products such as jumbo mortgages and structured loans to Morgan Stanley Smith Barney clients, a person with knowledge of the strategy said.
Read more on BusinessWeek
Euro Extends Rally as ECB Offers Six-Day Tender, British Pound Bounces Back
The Euro extended the previous day’s advance to reach a 1.2338 as the European Central Bank offered commercial banks a six-day tender of EUR 111.2B in order to meet the EUR 442B12-month loan expiry, and the single-currency may continue to appreciate over the near-term as investors speculate the central bank to normalize policy further this year.
Read more on Daily FX via Yahoo! Finance
First three banks reduce lending rates to 12 – 12.5% a year
Nhan Dan Online – Of the thirteen banks which agreed to cut their interest rates at a June 25 meeting, three banks have so far reduced their short-term lending rates to 12 – 12.5% a year.
Read more on Nhân Dân
Friday 02 July 2010 |
Every year the NACFB holds a conference for its members to look at the key issues facing the broker market and to invite comment from industry experts from across all sectors of commercial finance.
Read more on Mortgage Introducer