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Banco Popular Failure: Popular to Seek Partners to Purchase Toxic Assets

Published by Pete Nisbet on July 3, 2017

Santander took on A result of the Spanish Banco Popular failure is that the bank is to seek partners for the purchase of toxic loans and assets. The bank owns a number of repossessed real estate and real estate loans that it wants to convert to cash in the wake of its takeover in May by Santander. B [...]

The Value of Sterling and the Effect of the UK Election

Published by Pete Nisbet on June 8, 2017

The value of sterling is being significantly affected by the UK election. The British pound will be quite volatile over the coming 24 hours as the UK votes on a new British government. The parliamentary election could go either way, with various polls providing conflicting results. In short, it is [...]

Rebuilding Detroit: JP Morgan Chase and Regeneration of Detroit

Published by Pete Nisbet on May 10, 2017

Rebuilding Detroit after its horrendous decline is to be assisted by extra funding. It is expected to be announced today that New York multinational banking and financial service holding company JP Morgan Chase & Co is investing a further $50 million in the regeneration of Detroit. This comes on [...]

Interest Rate Hike Supported by New Home Sales

Published by Pavan Lipare on September 27, 2016

A Fed interest rate hike in December is supported by the strength of new home sales. Although new single-family home sales in August fell in the U.S. by the largest amount for almost a year, the sales trend is up. The August drop in home sales comes after a July with the highest such sales for nine [...]

Mortgage Backed Securities – Deutsche Bank Fined in US

Published by Rajesh Namase on September 17, 2016

Mortgage backed securities have turned into a nightmare for Deutsche Bank. This highly-respected German bank has been asked to settle a mortgage-backed securities issue with a $14 billion payment. The US Department of Justice is seeking this claim, and is expected to be negotiating with the Deu [...]

Home Sales Slump – Should it Stay or Should it Go?

Published by Rajesh Namase on August 24, 2016

A home sales slump was reported by the National Association of Realtors Wednesday. However, this may be a temporary situation because mortgage rates are very low and wages are increasing as the labor market tightens. Home resales fell in July, although this was after four months of gains. Recent [...]

Banco Popular Failure: Popular to Seek Partners to Purchase Toxic Assets

The Value of Sterling and the Effect of the UK Election

Rebuilding Detroit: JP Morgan Chase and Regeneration of Detroit

Interest Rate Hike Supported by New Home Sales

Mortgage Backed Securities – Deutsche Bank Fined in US

Home Sales Slump – Should it Stay or Should it Go?

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