Recent Posts

Rubio supporters grow restive as USA primary debate looms

Bloomberg With no wins to show after the first four contests in the Republican presidential primary, Marco Rubio’s supporters are growing nervous that their candidate’s chances of becoming the party’s nominee may already be slipping way. “He’s got to do something, he’s got to stir up the mix a bit,” said Steve Hosheinz, a 55-year-old accountant from Houston who was ...

Read More »

Lloyds soars on dividend bump as bank signals end for PPI

Bloomberg Lloyds Banking Group Plc surged after the lender increased its dividend payout and indicated it may have reached the end of charges for wrongly sold payment protection insurance that cost it 4 billion pounds ($5.6 billion) last year. The firm’s shares climbed as much as 11 percent, the biggest intraday gain since October 2011. Pretax profit for 2015, excluding ...

Read More »

China to allow banks to issue US$7.7bn of bad loan securitization

Bloomberg China will allow domestic banks to issue up to 50 billion yuan ($7.7 billion) of asset-backed securities based on their non-performing loans, the first quota for such sales since 2008, people familiar with the matter said. The quota, which will initially be allocated mainly to China’s largest banks, will allow lenders to remove non-performing loans from their balance sheets ...

Read More »
Send this to a friend