October 29th, 2009
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CREDIT demand has slowed to its weakest rate in 16 years as businesses and consumers continue to shun debt despite appetite for home loans remaining strong, economists say.
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Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase. The average rate inched up from 5 percent a week earlier, mortgage company Freddie Mac said Thursday. The last time the average was higher was the week of... Sponsored Topics: Mortgage - Freddie Mac - Business - Loan - Financial Services
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Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase.
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Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase. The average rate inched up from 5 percent a week earlier, mortgage company Freddie Mac said Thursday.
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Oct. 29 (Bloomberg) -- European Central Bank council member Axel Weber signaled the bank may start to withdraw its emergency stimulus measures next year by scaling back its “very long- term” loans to banks.
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FRANKFURT -The largest German bank, Deutsche Bank, said Thursday that it cut the amount of provisions taken against bad loans almost in half in the third quarter, to 544 million euros. Read more...
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Oct. 29 (Bloomberg) -- KB Financial Group Inc. , owner of South Korea’s largest bank, posted a 69 percent drop in third- quarter profit as interest margins narrowed and provisions for bad loans rose.
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MOSCOW, Oct 29 (Reuters) - Ratings agency Moody's expects bad loans at Russian banks to rise to 20 percent of the total portfolio this year and to 25 percent in 2010, it said on Thursday, adding that current provisions were lower than needed.
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KOTA KINABALU, Oct 29(Bernama) -- Good loan repayment record by most single mothers has led to the approval of RM7 million loans by Yayasan Usaha Maju, a micro-credit institution, to 1608 single mothers in Sabah this year, state Community Development and Consumer Affairs Minister Datuk Azizah Mohd Dun said today.
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The largest German bank, Deutsche Bank, said today that it cut the amount of provisions taken against bad loans almost in half in the third quarter, to €544m.
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