Loans
(Bloomberg) — A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away. Most Read from Bloomberg The list of banks includes Citizens Financial Group Inc., BOK Financial Corp. and Truist Securities Inc., according to data compiled by Bloomberg. The companies […]
The bank’s Tokyo-listed shares fell for a second day, tracking losses in U.S. regional lenders overnight. The commercial lender said Thursday it expects to post a net loss of 28 billion Japanese yen ($191 million) for the fiscal year ending March 31, compared with its previous outlook for a net profit of 24 billion yen. […]
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. A pile-up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks when they report fourth-quarter earnings this week. Non-performing loans — debt tied to borrowers who have […]
Comment on this storyCommentAdd to your saved storiesSave The Biden administration plans to more aggressively pursue thousands of small businesses with past-due pandemic loans, reversing an earlier policy that saw the U.S. government stop short of trying to collect an estimated $30 billion in delinquent debt. The new approach, announced Thursday . . .
President and chair of the Export–Import Bank of the United States Reta Jo Lewis poses for a portrait in her office at the Export–Import Bank building in Washington, D.C., U.S., July 6, 2022. REUTERS/Sarah Silbiger/File Photo Acquire Licensing Rights
World Street is a curated list of key developments and trends in the global financial world, from the marbled corridors of Wall Street to the dusty mines of Latin America. Get a bird’s eye view of the global equity markets, bonds, commodities and consumer trends shaping our lives. Beijing Bubble China’s securities watchdog is asking brokerages […]
The project has targeted first responders, like police and firefighters, who are obligated to continue working during hurricanes, keeping the country afloat while everyone else takes refuge in their homes. Randy Best, a father-of-three and an employee of the National Housing Development Company, used his US$13,000 loan to install a solar panel system on his […]
By Andrea Shalal WASHINGTON – Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick off next week, including a sharp drop in childcare funding, economists, analysts and government officials said. About 12.4%, some 41 million, of the U.S.’s 333 million people live at or […]
A flock of goats gather under a set of power lines above Diablo Canyon nuclear power plant at Avila Beach, California. A flock of goats gather under a set of power lines above Diablo Canyon nuclear power plant at Avila Beach, California June 22, 2005. These goats are used for weed and fire control under […]
Chinelo Tyler, dressed in his black gown and graduation cap accessorized with yellow and red tassels, sat in the Atlanta heat among his peers at HBCU Morehouse College’s 2019 commencement, listening to Denver-born and raised American billionaire and philanthropist Robert F. Smith. At the time, Tyler was considered pursuing a masters in divinity, on track […]