Diane Alter – AHN News Reporter Brussels, Belgium (AHN) – A European official said Saturday that euro zone finance ministers moved closer to an agreement that would force banks to raise approximately $140 billion to ensure they have enough assets to handle further losses on their Greek bond holdings and tumultuous markets. The 17 euro [...]
Posts Tagged ‘Banks’
Euro zone banks must raise $140 billion
October 25th, 2011 
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Posted in News 
Tags: $140, AHN, Banks, Belgium, billion, capital ratios, Chancellor Angel Merkel, countries that use the euro, debt, Euro, Europe, Greece, greek bonds, international monetary fund, Italy, Must, percent, Raise, Reporter Brussels, Spain, weekend summit, zone 
Comments OffGreek banks run out of collateral acceptable to ECB
August 26th, 2011 admin Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greece activated on Wednesday night the Emergency Liquidity Assistance after the country’s lenders run out of collateral acceptable to the European Central Bank. The Greek Central Bank made the move which is seen as the last stand for the country’s banks. The ELA allows national central [...]
Posted in News Tags: acceptable, AHN, athens greece, Bank, bank stocks, Banks, Belgium, collateral, debt, ECB, ELA, Europe, France, german stock exchange, government bonds, Greece, Greek, Ireland, Italy, national central banks, News, Portugal, Spain Comments OffAdministration proposes banks spend $20 billion to fix botched foreclosures
March 29th, 2011 admin Congressional Republicans are moving to shut down President Obama’s $30 billion program to help struggling homeowners pay their mortgages, but the White House appears to have already found a substitute plan. The administration has proposed requiring the nation’s largest banks to spend $20 billion modifying loans of delinquent borrowers to … View full post on [...]
Posted in News Tags: 'botched', Administration, Banks, billion, Congressional, congressional republicans, delinquent borrowers, foreclosures, house, mortgages, President Obama, program, proposes, spend, substitute, White, white house Comments OffBanks’ price war just publicity stunt
March 28th, 2011 admin NEARLY half of existing or potential borrowers say the “price war” between major banks only served to boost their profiles. View full post on All Stories
US banks in ‘cash for keys’ foreclosure talks
March 25th, 2011 admin The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis View full post on All Stories
Posted in News Tags: Banks, cash, delinquent borrowers, foreclosure, keys', meeting, mortgage, mortgage servicers, part, Regulators, settlement, talks, US, week Comments OffBanks’ funding costs may rise after quake
March 16th, 2011 admin Australian banks could find it more costly to tap overseas markets after Japan’s quake – a higher expense they may pass on to borrowers. View full post on All Stories
Banks Launch Programs to Aid Military Families
March 15th, 2011 admin In following a recent move by J.P. Morgan Chase, Bank of America Corp. announced it would launch a new program geared to reducing loan balances for military borrowers who are struggling to pay their mortgages as they leave active duty. View full post on All Stories
Banks, borrowers face off in unique court
March 10th, 2011 admin Two Orange County judges are trying to force homeowners in default on loans and their lenders to come to terms, and to keep a flood of foreclosure-related legal challenges from turning into protracted, expensive, time-consuming — and … View full post on All Stories
Posted in News Tags: Banks, borrowers, Court, default, face, flood, foreclosure, legal challenges, lenders, Orange County, orange county judges, post, Stories, time consuming, unique, View Comments OffHow the banks squeezed £5.3bn MORE out of you last year!
March 2nd, 2011 admin Banks raked in £11.3billion profit from their customers last year — £5.3billion more than in 2009. As other parts of their business fall behind, they are making increasing amounts from their ordinary savers and borrowers. View full post on All Stories
Banks, Obama butt heads on mortgages
February 25th, 2011 admin The nation’s biggest banks are championing a plan that would defer principal payments for troubled borrowers who are “underwater” on their mortgages rather than reducing the loans. Big banks, including JPMorgan Chase, are discussing loan modifications as part of settlement talks with federal regulators and state attorneys general over… View full post on All Stories
Posted in News Tags: Banks, biggest banks, butt, Chase, heads, JPMorgan, jpmorgan chase, loan, mortgages, nation, Obama, plan, principal payments, settlement talks, state attorneys Comments Off
