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Entries Tagged ‘bank’

EU Commission clears $24bn state guarantee for ailing French real estate bank

EU Commission clears $ 24bn state guarantee for ailing French real estate bankNews from Fox News: Published February 21, 2013 Associated Press BRUSSELS –  The European Union has approved state guarantees worth €18 billion ($ 24 billion) for an ailing French real estate bank on condition Paris presents a plan to restructure or close it […]

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Spain Limits Size of Real Estate ‘Bad Bank’ to 90 Billion Euros

Spain Limits Size of Real Estate ‘Bad Bank’ to 90 Billion EurosNews from Businessweek: Spain limited the size of its so- called bad bank to house the soured real estate assets of lenders that take state aid to 90 billion euros ($ 118.2 billion), an Economy Ministry official said. The eventual size of the vehicle, […]

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Spain Imposes Higher Provisions for Real Estate in Bank Cleanup

Spain Imposes Higher Provisions for Real Estate in Bank CleanupNews from San Francisco Chronicle: May 11 (Bloomberg) — Spain will hire two auditors to gauge the value of assets of the country’s banks and will force lenders to raise provisions against real estate holdings in the government’s fourth attempt to clean up the financial system. […]

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Insight: Bank stampede keeps Spanish real estate on the ropes

Insight: Bank stampede keeps Spanish real estate on the ropesNews from Reuters: People walk near almost empty apartment blocks in the Madrid satellite town of Sesena, February 23, 2012. Credit: Reuters/Andrea Comas By Sonya Dowsett MADRID | Thu Apr 5, 2012 3:58am EDT MADRID (Reuters) – When Jose Morales travelled up from Granada in southern […]

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Insight: Bank stampede keeps Spanish real estate on the ropes

Insight: Bank stampede keeps Spanish real estate on the ropesNews from Reuters: By Sonya Dowsett MADRID | Mon Apr 2, 2012 1:11am EDT MADRID (Reuters) – When Jose Morales travelled up from Granada in southern Spain in February to look at a new apartment in the Madrid satellite town of Sesena, he was greeted by […]

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Bank upgrades Greenville real estate investment firm’s line of credit

Bank upgrades Greenville real estate investment firm’s line of creditNews from Greenville News: Serrus Capital Partners, a Greenville real estate investment firm, has received a $ 10 million upgrade of its credit from a California-based bank. John R. Houten, executive vice president of Sunwest bank, headquartered in Tustin, Calif., praised Serrus Capital’s business model and […]

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Philadelphia real estate investor charged with $10 million bank fraud

Philadelphia real estate investor charged with $ 10 million bank fraudNews from Philadelphia Inquirer: A real estate investor once described by tenants as a “millionaire slumlord” was charged Friday with defrauding banks of $ 10 million in an effort to shore up his rowhouse empire in Kensington and Port Richmond. The charges against Robert Coyle […]

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Spain approves bank reforms to clean up real estate mess, revive banks and …

Spain approves bank reforms to clean up real estate mess, revive banks and …News from Washington Post: MADRID — Spain’s new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on […]

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Umpqua Bank launches commercial real estate division

Umpqua Bank launches commercial real estate divisionNews from Sacramento Bee: Roseburg, Ore.-based Umpqua Bank which has more than 20 branches in the Sacramento region, said today that it has launched a commercial real estate division to expand its real estate presence throughout California, Northern Nevada, Oregon and Washington. The new division will provide developers and […]

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Rosgen Likes Asia Bank, Real Estate, Industrial Stocks – Washington Post

Rosgen Likes Asia Bank, Real Estate, Industrial Stocks – Washington PostNews from Rosgen Likes Asia Bank, Real Estate, Industrial Stocks – Washington Post: Rosgen Likes Asia Ba…………… continues on Rosgen Likes Asia Bank, Real Estate, Industrial Stocks – Washington Post … Read the full article . Related News: Real Property Profits Generate Hefty Profits Using […]

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