PARADISE ISLAND, Bahamas - (08/03/04) During the World Council of CreditUnions International Leadership Institute here, severalrepresentatives of African credit unions lamented they aredesperately short on liquidity to fund loan demand. At the sametime, one Irish credit union rep said his CU is flush withliquidity, as loan demand has been tepid. So why isnt therean international loan participation market among credit unions? Theanswer, according to several people who spoke with The Credit UnionJournal, lies in the fact a loan in one place wouldntqualify as a loan in another. Some credit unions in Africa, forinstance, have sky-high delinquency rates. There is nointernational loan participation market because of the risksinvolved, confirmed the World Councils ArthurArnold.
-
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
10h ago -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
11h ago -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
11h ago -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18