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Posts Tagged ‘Lending’

Singapore Nov bank lending up 1.7% from Oct

Total bank lending rose 1.7% to $318.5 billion in November from $313.3 billion in October, central bank data showed on Friday. Housing loans to consumers rose 1.7% to $110.9 billion from $109.1 billion in October.

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Fed Trying to Make It Harder for Homeowners to Fight Mortgage Fraud by Gutting Truth In Lending Laws

As reported by the Washington Post, the Fed turned a blind eye for years and allowed massive fraud in the mortgage market.After Alan Greenspan changed his mind and admitted that financial players commit fraud unless laws are enforced (see this and thi…

Fed Data Shows Foreign Banks Huge Beneficiaries of Emergency Lending Programs, Hedge Funds, McDonald’s, Harley-Davidson and Others Also Bailed Out

Under orders from Congress pursuant to the Dodd-Frank financial legislation, the Fed has finally released details of its emergency lending starting in 2007.As Bloomberg notes:Bank of America Corp. and Wells Fargo & Co. were among the top borrowers…

Singapore October bank lending up 1.3% from September

Total bank lending in Singapore rose 1.3% to $313.3 billion in October from $309.4 billion in September, central bank data showed on Tuesday.

Housing loans to consumers rose 2.1% to $109.1 billion from $106.9 billion in September.

 
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Singapore Sept bank lending growth fastest since 2008: Update

Total bank lending in Singapore rose 2.08% to a record $309.41 billion in September from $303.12 billion in August, central bank data showed on Friday.
 
It was the fastest monthly percentage increase in bank lending since May 2008.
 
Housing loans to consumers rose 1.7% to $106.87 billion from $105.08 billion in August.
 
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Sept bank lending up 2% from August

Total bank lending in Singapore rose 2.0% to $309.41 billion in September from $303.12 billion in August, central bank data showed on Friday.

Housing loans to consumers rose 1.7% to $106.87 billion from $105.08 billion in August.

 
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Amazon Kindle Now Allows for E-Book Lending

Amazon.com has enabled a 14-day lending feature for Kindle e-books, matching a similar Barnes & Noble feature and escalating the e-reader wars. – Amazon.com plans on introducing two new features to its
Kindle e-reader franchise: the ability to receive newspapers and other
periodicals via the free Kindle app, and lending for Kindle, which will allow
e-books to be shared between users.
“Each book can be lent once for a loan period of 14 day…


Singapore August bank lending up 1.5% from July

Total bank lending in Singapore rose 1.5% to $303.12 billion in August from $298.69 billion in July, central bank data showed on Thursday.

Housing loans to consumers rose 1.5% to $105.08 billion from $103.57 billion in July.

 
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SGX bolsters securities borrowing and lending service

Singapore Exchange (SGX) said today it is enhancing its Securities Borrowing and Lending (SBL) service to bring additional benefits for investors and SGX central depository account holders.

With the enhanced service, over 80% of the total listed stocks on SGX Mainboard and Catalist are now eligible for lending or borrowing via The Central Depository (CDP). The number of stocks eligible for lending increased from approximately 150 to over 600. Investors now have expanded opportunity to lend out their stocks and institutional borrowers can have access to a larger pool of different stocks from CDP.

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Singapore interbank lending rate declines most in 11 months

Singapore’s three-month interbank loan rate fell the most in 11 months as record economic growth on the island and signs of expansion globally bolstered confidence in the nation’s lenders.
 
So-called Sibor, which banks charge each other to borrow in U.S. dollars, fell 1.4 basis points to 0.466% when the rate was fixed at 11 a.m. local time. The decline, the largest since Aug. 31, brought the figure to the lowest level since May.

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Singapore June bank lending up 1.4% from May

Total bank lending in Singapore rose 1.4%to $296.63 billion in June from $292.49 billion in May, central bank data showed on Friday.

Housing loans to consumers rose 2.6% to $101.13 billion from $98.55 billion in May.

 
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Housing loans to drive bank lending, says Citi

Bank lending growth in Singapore likely to continue for rest of this year, driven by demand for housing loans, says Citigroup, according to Dow Jones.

Total loans in May +8.0% on-year, +1.5% on-month, with housing loans +20.7% on-year, according to latest official data.

“We expect double-digit mortgage growth to sustain through year-end despite several rounds of property cooling measures. The property rally should also trigger a recovery in the construction loan cycle which, together with broader investment spending, should aid further recovery in business lending,” Citi says.

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Singapore May bank lending up 1.5% from April

Total bank lending in Singapore rose 1.5% to $292.49 billion in May from $288.05 billion in April, central bank data showed on Wednesday.

Housing loans to consumers rose 2% to $98.55 billion to in May from $96.61 billion in April. 

 
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Singapore April bank lending up 0.6% from March

Total bank lending in Singapore rose 0.6% to $288.05 billion in April from $286.3 billion in March, central bank data showed on Monday.

Housing loans to consumers rose 1.7% to $96.61 billion April from $94.96 billion in March. 

 
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Singapore March bank lending up 0.5% from Feb

Total bank lending in Singapore rose 0.5% to $286.3 billion in March from $284.8 billion in February, central bank data showed on Friday.

Housing loans to consumers rose 1.4% in March to $94.96 billion from $93.6 billion in February. 

 
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Mega-Banks Which Received Bailouts Slashed Lending More, Gave Higher Bonuses, and Reduced Costs Less Than Banks Which Didn’t Get Bailed Out

USA Today points out:Banks that received federal assistance during the financial crisis reduced lending more aggressively and gave bigger pay raises to employees than institutions that didn’t get aid, a USA TODAY/American University review found.***•…

Singapore February bank lending up 0.5% from January

Total bank lending in Singapore rose 0.5% to $284.8 billion in February from $283.3 billion in January, central bank data showed on Wednesday.

Housing loans to consumers rose 0.9% in February to $93.6 billion from $92.8 billion in January. 

 
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Singapore February bank lending up 0.5% from January

Total bank lending in Singapore rose 0.5% to $284.8 billion in February from $283.3 billion in January, central bank data showed on Wednesday.
 
Housing loans to consumers rose 0.9% in February to $93.6 billion from $92.8 billion in January. 
 
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“In 2009, 45 Percent of Banks with Assets Under $1 Billion Increased Their Business Lending”

Thomas M. Hoenig – president of the Federal Reserve Bank of Kansas City and the current longest-serving regional Fed chief – said in a speech at a U.S. Chamber of Commerce summit in Washington:During the recent financial crisis, losses quickly depleted…

Singapore Jan bank lending up 0.7% from Dec

Total bank lending in Singapore rose 0.7% to $283.3 billion in January from $281.3 billion in December, central bank data showed on Friday. 
 
Housing loans to consumers rose about 1.5% to $92.79 billion in January from $91.43 billion in December. 
 
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