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Looser mortgage lending requirements would boost US economy: JPMorgan

In a year when the economy is expected to perform exceptionally well, there may still be opportunities for more growth, including mortgage lending.....»»

Category: topSource: foxnewsJan 12th, 2018

Canada"s GDP Contracted 0.1% in January

The Canadian economy contracted slightly in January as tougher mortgage-lending rules contributed to the biggest decline in real-estate agents and brokers’ output in more than nine years......»»

Category: topSource: wsjMar 29th, 2018

Senate is poised to roll back rules meant to root out discrimination by mortgage lenders

The sweeping legislation would undo banking rules passed after the 2008 financial crisis, including weakening the government’s ability to enforce fair lending requirements thereby making it harder to root out predatory lenders......»»

Category: topSource: washpostMar 12th, 2018

JPMorgan Chase boosts hourly pay for Bay Area employees, embarks on national expansion

JPMorgan Chase said Tuesday that it will boost wages for more than 500 of its 3,400 Bay Area employees and significantly boost small business financing, home lending and corporate philanthropy. The New York-based bank, which acquired its first Califor.....»»

Category: topSource: bizjournalsJan 23rd, 2018

JPMorgan Chase using tax cut to boost wages, add jobs and increase lending

JPMorgan Chase & Co. is giving employees raises and bonuses as part of a $20 billion, five-year U.S. investment effort in the wake of the tax cuts passed by Congress. JPMorgan (NYSE: JPM) joins a chorus of other big and regional banks and other comp.....»»

Category: topSource: bizjournalsJan 23rd, 2018

JPMorgan Chase uses tax cut to boost wages and lending, add 4,000 jobs

JPMorgan Chase & Co. is taking full advantage of the recent tax-law changes. The New York bank giant plans to spread $20 billion across its businesses over the course of five years based on benefits from the Republican tax bill. JPMorgan (NYSE: JPM), .....»»

Category: topSource: bizjournalsJan 23rd, 2018

Listed Chinese Firms Bought $192 Billion Worth of Opaque Products in 2017

Chinese companies are buying more high-yielding investment products that are sold by banks to raise funds and boost lending, a potentially troubling sign for China’s debt-fueled economy......»»

Category: asiaSource: wsjJan 22nd, 2018

UK Mortgage Lending and Consumer Credit Maintain Momentum in September

Britain’s housing market and consumer economy kept most of their momentum last month, lending figures from the Bank of England showed on Monday, leaving the central bank on track.....»»

Category: topSource: marketpulseOct 30th, 2017

JPMorgan gets boost from lending as trading slumps

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue......»»

Category: topSource: reutersOct 12th, 2017

China"s Central Bank Announces Targeted Easing to Boost Small-Business Loans

China’s central bank announced it will free up funds for banks that boost lending to small businesses, in a targeted measure to balance support for the economy without aggravating already high corporate debt......»»

Category: asiaSource: wsjOct 1st, 2017

JPMorgan Chase prepares to open first D.C.-area branches

The largest U.S. bank is expanding with 70 offices throughout the area by 2023, and those sites will bring 700 new jobs. The company estimates its regional lending footprint will reach $4 billion by 2023......»»

Category: topSource: washpost3 hr. 2 min. ago

Big banks push mortgage apps, websites as home lending slows, Reuters 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: theflyonthewall8 hr. 17 min. ago

Big U.S. banks race to launch mortgage apps as home lending slows, Reuters says

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: theflyonthewallApr 20th, 2018

U.S. banks push mortgage apps as home lending slows

NEW YORK (Reuters) - Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows......»»

Category: topSource: reutersApr 20th, 2018

Wells Fargo fined $1B for mortgage, auto lending abuses

Wells Fargo is being fined a combined $1 billion by two federal regulators for abuses tied to its mortgage and auto lending businesses......»»

Category: topSource: foxnewsApr 20th, 2018

Wells Fargo to pay $1 billion in fines over auto, mortgage lending abuses

Federal regulators slapped Wells Fargo & Co. wi.....»»

Category: topSource: latimesApr 20th, 2018

Wells Fargo hit with $1B fine for mortgage, auto lending abuses

It's the first fine that controversial CFPB head Mick Mulvaney has imposed since he took over the bureau in late November......»»

Category: topSource: msnbcApr 20th, 2018

Reports: Wells Fargo to be fined $1B as early as Friday

The New York Times and other news outlets are reporting that federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto lending and mortgage businesses......»»

Category: topSource: foxnewsApr 19th, 2018

In time for Earth Day, Wells Fargo sets goal to lend billions to ‘sustainable’ businesses

Wells Fargo said Thursday that it wants to lend $200 billion by 2030 to finance sustainable businesses, with more than half of the lending commitment devoted to the shift to a low-carbon economy via loans to clean energy, green bonds and alternativ.....»»

Category: topSource: bizjournalsApr 19th, 2018

ManpowerGroup (MAN) Q1 Earnings to Reflect Strong Hiring

Tax benefits, positive currency impacts, improved labor market with optimistic hiring outlook and a strong U.S. economy are likely to boost ManpowerGroup's (MAN) first-quarter 2018 results. ManpowerGroup Inc. MAN i.....»»

Category: personnelSource: nytApr 18th, 2018

Trade spat to dull expected tax cut boost to U.S. economy: Reuters poll

BENGALURU (Reuters) - The ongoing trade spat between the world's two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found......»»

Category: topSource: reutersApr 17th, 2018