Australia’s minority Labor government faced its biggest test since winning power when parliament’s final session of the year began and rivals began to test its strength with bank and telecommunications laws. ||| Canberra – Australia’s minority Labor government faced its biggest test since winning power when parliament’s final session of the year began on Monday [...]

India government did not have any outstanding loans from the RBI in the week ended November 5, 2010, according to the weekly statistical supplement of the Reserve Bank of India on Friday. View full post on All Stories

By Mark Reynolds PROVIDENCE, R.I. — Former state Sen. Christopher B. Maselli pleaded guilty to eight counts of bank fraud in U.S. District Court Wednesday morning after a judge warned him that he could spend 240 years in prison. Maselli admitted that he lied about his income, doctored tax returns and also tampered with bank [...]

Hundreds of customers with troubled Wells Fargo mortgages met with bank representatives in hopes of modifying their loans so they can keep up with payments. View full post on All Stories

Hundreds of customers with troubled Wells Fargo mortgages met with bank representatives in hopes of modifying their loans so they can keep up with payments. View full post on All Stories

SAN FRANCISCO–(BUSINESS WIRE)–New Resource Bank financial statements for Q3 2010 show a net operating loss of $433,000 for the quarter, and dramatically reduced problem loans. View full post on All Stories

The State Bank of India on Monday reported a flat growth in net profit for the July-September quarter due to higher provisioning on various fronts including gratuity and the burden of bad debt acquired from its merger with State Bank of Indore. View full post on All Stories

Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans during the third quarters was Wells Fargo & Co. The biggest mortgage servicer, meanwhile, was Bank of America Corp. View full post on All Stories

The Reserve Bank of India (RBI) Tuesday tightened the norms for home loans, asking banks to cap the loan amount at 80 percent of the cost of the house to check possible defaults and prevent an asset bubble. View full post on All Stories

First Banks lost another $47.8 million in the third quarter, but the privately held bank’s problems with bad loans eased. View full post on All Stories

AHN News Staff Ottawa, Ontario, Canada (AHN) – An International Monetary Fund staff mission to Canada has backed the decision by the Canadian central bank to keep interest rates at their present level. The mission said the benchmark rate strikes the right balance between risks to the outlook and Canada’s advanced expansion. However, the IMF [...]