Chile’s central bank will probably raise the benchmark lending rate for the sixth time in the past 12 months as policy makers seek to slow the fastest inflation since 1994.
Central bank President Jose de Gregorio will increase the overnight rate by a quarter percentage point to 6.50 percent, according to 12 of 24 forecasts in [...]
This comes as its commercial loan books begin to shrink leading to reduced income following a government directive to change its lending focus, away from commercial to resource based, manufacturing and the micro loans sectors.
On how much FDB would lose because it has stopped lending to commercial customers, Bovoro said he could not really quantify [...]
PREDATORY lending by mortgage brokers will be outlawed after the largely unregulated mortgage industry is brought under Federal Government control as part of proposed reforms unveiled yesterday.
A green paper on the replacement of disjointed state regulation by a Federal Government regulator was released by the Minister for Corporate Law, Nick Sherry.
The financial services and credit [...]
An investment firm is accusing San Jose socialite and investor William “Boots” Del Biaggio III of using false claims and bogus documents to scam it out of $3 million in a loan deal, according to a lawsuit filed this week in Santa Clara County Superior Court.
The lawsuit provides the first public details of alleged improper [...]
Iceland’s central bank unexpectedly left its benchmark interest unchanged, six days after it obtained emergency funding from its Nordic counterparts to bolster the currency and quell inflation.
Sedlabanki kept the weekly lending rate at a record 15.5 percent, according to a statement on the Reykjavik-based bank’s Web site today. Three of 10 economists surveyed by Bloomberg [...]
The Bank of Israel on Monday left its benchmark lending rate unchanged at a record low following two months of cuts after the inflation rate rose to the highest in almost two years.
The rate charged to commercial lenders will remain at 3.25 percent, the bank said.
All 18 economists surveyed by Bloomberg had forecast the rate [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
The Blue Iguana Recovery Fund is to benefit from the auction of endemic orchids from the Cayman Islands at the Chelsea Flower Show.
Two of the floral exhibits, the Wild Banana Orchid and the Cayman Ghost Orchid are being auctioned for charity after the show.
And, with less than two weeks to go until the Cayman Islands [...]
The European Central Bank has room to cut its main lending rate later this year, a director of the International Monetary Fund said Monday.
“We don’t say cut now,” tempered Michael Deppler during a press conference at the ECB’s headquarters that coincided with the release of a report on the consequences of the financial crisis in [...]
Families have become crippled with debt or lost their houses after dealing with a property company that offers to get low income immigrants into their own homes. Tony Wall and Emma Page follow the trail of misery.
It’s a Wednesday night in Otahuhu, South Auckland, and a trickle of Samoan families are arriving at the Home [...]
