Posts Tagged ‘banks’

India central bank toughens stance, lifts rates by 50 bps

India’s central bank raised interest rates by a bigger-than-expected 50 basis points on Tuesday

bank

5 banks fail in Fla., Ga., Mich.; makes 39 in ’11

Regulators on Friday shut down banks in Florida, Georgia and Michigan, a total of five closures that lifted the number of U.S. bank failures this year to 39.

Mortgage460

Regulators define “safe” home loan

U.S. lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal U.S. bank regulators endorsed on Tuesday.