BankUnited shares fall on downgrade (Miami Herald) Shares of BankUnited Financial Corp., the Coral Gables-based lender ordered by regulators to raise money or lose its ''well-capitalized'' status, fell 19 percent after Stifel Nicolaus & Co. said it may be unable to survive.
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Bank of China denies supporting terrorists (China Daily) Bank of China (BOC), China's third-largest commercial lender by assets, has denied accusations that it transferred money to terrorist groups, and has said it will defend itself against a lawsuit filed in Los Angeles.
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S.F. lender to students is clearing out (San Francisco Chronicle) Education Finance Partners, one of the companies at the center of New York Attorney General Andrew Cuomo's investigation into student-lending practices last year, has abruptly ceased making loans and is clearing out of its San Francisco headquarters. The...
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Toronto-Dominion Third-Quarter Net Falls on Bad Loans (Update1) (Bloomberg.com) Aug. 28 (Bloomberg) -- Toronto-Dominion Bank , Canada's second-largest lender by assets, said profit fell for the second straight quarter and missed analysts' estimates as more borrowers fell behind on loans.
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Audit shows China's government mismanaged $6.7 billion (Reuters via Yahoo! News) Chinese central government departments misused or mismanaged more than 46 billion yuan ($6.73 billion) last year, including using disaster relief money to build government offices and diverting funds to speculate in stocks, the National Audit Office said on Thursday.
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Your Money: Handling relatives’ loan requests (The Des Moines Register) “ ‘Loaning’ money to any relative without defining the specific terms for repayment is not a loan -- it’s a gift!” says Mary Riche, a counselor.
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People's United Seeks Acquisitions, Borrowers to `Cherry-Pick' (Bloomberg.com) Aug. 28 (Bloomberg) -- People's United Financial Corp. , the largest New England-based lender, is seeking acquisitions after steering clear of the subprime-mortgage market, and can ``cherry- pick'' borrowers abandoned by cash-strapped banks.
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Spain May Suffer From ECB Loan Curbs as Economy Cools (Update1) (Bloomberg.com) Aug. 28 (Bloomberg) -- Spain's economy, brought to the brink of a recession by surging global credit costs, may find money even harder to come by when the European Central Bank tightens its lending practices.
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Investors' rights problematic for Mortgages Ltd. (The Arizona Republic) Investor rights are complicating efforts to find more money for the stalled Centerpoint project.
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The Dresdner Dilemma (Forbes) Allianz has a tough decision to make between selling its banking division to to Commerzbank, or to a Chinese lender.
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