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The Wall Street Journal: China’s central bank frees up nearly $175 billion to jump-start economy

China’s central bank is freeing up nearly $175 billion to get commercial banks to boost their lending and pay off short-term borrowings, the latest effort by Beijing to lift growth in a slowing economy as its trade fight with the U.S. escalates......»»

Category: topSource: marketwatchOct 7th, 2018

Argentina, IMF reach deal to boost financing to $57 billion

Argentina' economy minister says the South American country has reached a revised lending agreement with the International Monetary Fund increasing the amount of a loan package......»»

Category: topSource: foxnewsSep 26th, 2018

Spring Home Sale Season Shows Signs of a Bust

A booming economy is providing little boost to the critical spring homebuying season, which is stuck in neutral due to a lack of inventory, high home prices and rising mortgage rates......»»

Category: smallbizSource: wsjJun 20th, 2018

U.S. Sanctions Give Russian Economy an Unintended Boost

U.S. sanctions have driven the price of oil and the ruble apart—leaving Russia with expensive crude and a cheaper currency, a combination that is helping its economy......»»

Category: topSource: wsj7 hr. 16 min. ago

Lost in transmission: China"s small firms get more loans on paper but not in reality

Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets......»»

Category: topSource: reuters11 hr. 46 min. ago

Rising Rates Not a Worry for Big Banks

Third-quarter earnings from JPMorgan, Citigroup and Wells Fargo showed the U.S. economy is performing well as consumer credit expands......»»

Category: asiaSource: wsjOct 13th, 2018

JPMorgan"s loan business notches record

The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading. JPMorgan Chase & Co. said net interest income—revenue from customers’ loan... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2018

JPMorgan’s Stock Rose on Strong Earnings—Then Fell on Its CEO’s Buzzkill Outlook

"We need to do a significantly better job of managing our economy if we want it to be world class," said Jamie Dimon. JPMorgan’s third-quarter earnings repor.....»»

Category: europeSource: fortuneOct 12th, 2018

JPMorgan says riskier lending has gone to non-banks

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 12th, 2018

Citigroup Faces OCC Investigation for Fair Lending Breach

Citigroup (C) states that it had self-disclosed the "relationship pricing" problem to regulators in 2017 and had taken remedial steps. Per a Reuters article, Citigroup C is likely to be slapped with penalty for not offering mortgage discoun.....»»

Category: smallbizSource: nytOct 11th, 2018

Exclusive: Citigroup may face fair lending penalty from regulator - sources

A U.S. financial regulator may sanction Citigroup Inc for denying minority customers the kinds of mortgage discounts that the bank offered to many other borrowers, three people familiar with the probe told Reuters......»»

Category: topSource: reutersOct 10th, 2018

Weekly mortgage applications fall 1.7% as interest rates move above 5%

Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume fell another 3 percent last week and was 32 percent lower than a year ago......»»

Category: realestateSource: cnbcOct 10th, 2018

Mortgage Delinquencies, Foreclosure Inventory Decline Further in July

Home mortgage delinquencies continue to decline as the strong U.S. economy pushes onward. The exceptions remain in areas hard hit by events like hurricanes and volcano eruptions......»»

Category: blogSource: 247wallstOct 9th, 2018

China tries to boost its economy, as long trade fight looms with Trump

Administration officials think they can drive China to make concessions by inflicting tariff pain. But tariffs are only a small part of China’s economic woes......»»

Category: topSource: washpostOct 8th, 2018

Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy (GS)

Getty Images. Goldman Sachs has cut loan origination targets for its consumer lending platform Ma.....»»

Category: topSource: businessinsiderOct 8th, 2018

JPMorgan Chase"s first Baltimore branch likely coming in 2019

Rob Robertson, a former Baltimore Ravens fullback, used to oversee Wells Fargo's mortgage sales team for Greater Washington but moved to JPMorgan Chase in May......»»

Category: topSource: bizjournalsOct 8th, 2018

JPMorgan laying off about 400 mortgage-banking employees, WSJ reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 5th, 2018

U.S. retailer group sees 2018 holiday sales up more than 4 percent

U.S. holiday sales will increase 4.3 percent to 4.8 percent, getting a boost from a strong economy, according to a forecast from a leading retail industry group......»»

Category: topSource: reutersOct 3rd, 2018

Machine learning takes on commercial mortgage brokerage

Commercial mortgage brokerage could be the next industry to face machine disruption. At least two companies have released software this year aiming to supplant human brokers with algorithms that scour lending pools and even identify potential i.....»»

Category: realestateSource: realestateweeklyOct 3rd, 2018

Best New Ideas in Money: To boost the economy, let’s first change how we measure the economy

GDP, the value of a country’s goods and services, is outdated, which is why economists are devising replacements......»»

Category: topSource: marketwatchOct 2nd, 2018