Bank willingness to lend at 17-year high: Fed

admin — Mon, 02 May 2011 19:06:42 +0000

WASHINGTON (MarketWatch) – The percentage of banks in the United States expressing a willingness to make consumer loans rose in the first quarter to its highest level since 1994, according to a survey released by the Federal Reserve on Monday. The Fed’s Senior Loan Officer Survey for January through March also found that several large banks eased lending policies on credit cards and auto loans. Consumers increased their demand for auto loans but not other types, the survey found. The trend toward easier standards and terms for commercial and industrial loans also continued in the first quarter, the survey found. The banks that eased standards on business loans cited increased competition and a less uncertain economic outlook. Demand for business loans also increased.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

View full post on All Stories

Bulgarian Banks May Drop Fee on Pre-Term Credit Payment

admin — Thu, 03 Feb 2011 08:09:37 +0000

People who pay their credit early will no longer pay fees to the bank, according to amendments to the Bulgarian Credit Institutions Act. The amendments have been presented by MPs from Bulgaria’s ruling party GERB and are expected to be voted in the parliament. The relief concerns mortgage, business loans and other non-consumer credit, which have already dropped the fee. …

View full post on All Stories

Personal Finance » business loans

Bank willingness to lend at 17-year high: Fed

Bulgarian Banks May Drop Fee on Pre-Term Credit Payment