HSBC Holdings Plc has agreed to
sell two portfolios of consumer loans in the United States for
$3.2 billion in cash as part of a strategy to slim down its U.S.
operations.
Against a backdrop of rising concern around the crisis in Europe and slowing consumer loan growth domestically, Canada’s banks are under pressure to maintain the steady earnings growth that markets have come to expect of them
Banks that had gone slow on consumer loans during the credit crisis have started ramping up biz as bad loans decline and soaring interest rates reduce other borrowings.
Pool Corporation (Nasdaq: POOL) will invest up to $2 million in consumer loans in 2011 through Lending Club.
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Top Chinese lender Industrial and Commercial Bank of China Ltd expects significant growth in its personal consumer loan business over the next five years, its president said on Sunday.
Bank Credit and Deposits: Monthly Situation Report Commercial banks divest $25bn in consumer loans,...
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By Bud Conrad, The Casey Report
The amount of loans being provided by our banking system is a good reflector of the strength of our economy. Below is a big-picture view that shows the total loans in the U.S. as the Fed reports in its H.8 each...
By Bud Conrad, The Casey Report
The amount of loans being provided by our banking system is a good reflector of the strength of our economy. Below is a big-picture view that shows the total loans in the U.S. as the Fed reports in its H.8 each...