Lending News
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Washington -
At a breakfast event hosted by the Washington Post on Monday, a panel offered export-oriented solutions to the ongoing unemployment challenge facing the United States.
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President Obama has started to urge banks to start lending in responsible ways to businesses. In light of recent TARP fund payments top bankers are now being challenged by the President.
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The new synonym for ‘destructive, useless and expensive’ is banks. After all the bailouts, all the desperate saving of financial institutions, and all the grief of the housing and investment markets, the banks are doing nothing.
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The Canadian federal government has made a pledge to temporarily guarantee banks' medium and longer term borrowing in an attempt to keep pace with the multi-billion dollar financial rescues other countries offer.
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"If [people] have no clue what you are up to, they cannot prepare a defense. Guide them far enough down the wrong path, envelope them in enough smoke, and by the time they realize your intentions, it will be too late."
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Lending Headlines
The Nationwide, the UK's largest building society, says it increased mortgage lending sharply last year and is now looking at lending to businesses.
UK mortgage lending picked up in January compared with the same month a year earlier, lenders' figures show.
Mortgage lending to home buyers is likely to keep on stagnating in the coming months, figures from the Bank of England suggest.
Gross mortgage lending by the major UK banks reached its highest monthly level of the year in December, figures show.
UK bank lending is set to shrink this year for the first time since 2009, according to the Ernst & Young Item Club.
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