Tag Archives: bad debts

The Next Refinance Problem

Corporate debt says the Times of London. There’s been a dramatic rise in bad debts. Banks are not eager to lend. Businessmen are scared about refinancing debt when it comes due. Most of the chief executives I meet these days … Continue reading

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Aussie Lenders Want Government Help

From the Australian: CHALLENGER chief executive Mike Tilley has warned borrowers may be forced into paying higher interest on mortgages unless the federal Government provides some support to lenders struggling under the weight of bad debts. Mr Tilley said the … Continue reading

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British Mortgage Troubles

From the Independent: The increase was partly due to the shrinking size of the balance sheet as the bank encourages customers to redeem their mortgages and go elsewhere. Mr Sandler wants to roughly halve the size of Northern Rock’s loan … Continue reading

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Refinance Australia

From the Sydney Morning Herald: Australia‘s non-bank lenders are doing it hard. At least the big banks enjoy the comfort of large depositor bases to fund their lending. No such luck for non-bank lenders. Even the big banks can’t sell … Continue reading

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A Chronology Of The Subprime Crisis

It started in the summer of 2007 in the United States and got rapidly worse, affecting the entire world credit market. (Reuters) – UBS AG doubled its writedowns from the subprime crisis on Tuesday, dumped its chairman and sought more … Continue reading

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