Bloomberg | Slowing China Means Ore-Ship Rates at Lowest in Decade Bloomberg Enlarge image Slowing China Means Ore-Ship Rates at Lowest in Decade Slowing China Means Ore-Ship Rates at Lowest in Decade Carla Gottgens/Bloomberg Cargo ship Mineral Shikoku, heading for Tianjin, China, is loaded with iron ore at a ship loading ... Sl owing China Means Ore-Ship Rates at Lowest in Decade: Freight |
Friday, December 30, 2011
Slowing China Means Ore-Ship Rates at Lowest in Decade - Bloomberg
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Wednesday, December 28, 2011
Browns' Joe Thomas selected to fifth Pro Bowl - Springfield News Sun
grearqakususi1426.blogspot.com
Buffalo News | Browns' Joe Thomas selected to fifth Pro Bowl Springfield News Sun Cleveland's steady left offensive tackle was selected to the AFC Pro Bowl team for the fifth straight year on Tuesday, joining H » |
Monday, December 26, 2011
Newly Engaged Hilo Man Dies In Overnight Van Crash - KITV Honolulu
erofeyporgrinin.blogspot.com
Newly Engaged Hilo Man Dies In Overnight Van Crash KITV Honolulu 23-year-old Marvin Glenn S. Cascayan Died Early Sunday Morning After Crashing On Kulana Road In Paukaa What started as a night of celebration ended with tragedy on the Big Island. Celebrating his recent engagement, 23-year-old Marvin Glenn S. Cascayan ... |
Friday, December 23, 2011
Report: Maryland foreclosures fall in May - Baltimore Business Journal:
callahamirykaan1884.blogspot.com
Compared with April, foreclosures fell 25 percenftin Washington, D.C. to 299; 14 perceng in Virginia to 5,385; and 2 percentr in Maryland to 3,539. Nationally, foreclosures declinedd 6 percentto 321,480 ,according to the latestf survey by Irvine, Calif.-based , a foreclosurew research firm. Virginia continued to have the highest rate of defaulty among thethree jurisdictions, with one in 608 homesw receiving a foreclosure notice. Maryland was next with a default rate of one in everh655 homes. The District’s default rate is the at one in every951 homes. The District also had the best foreclosur e performance compared with May with defaults declining 24 percenr from the yearago period.
Virginias foreclosures were 2 percent higher than Mayof 2008. Marylanf foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTravc reported that foreclosures in May were 18 percenft higher than oneyear ago. One in ever y 398 U.S. homes received a foreclosurre filingin May, easing back from April’s national rate of one in every 374 the highest monthly foreclosure rate sinced RealtyTrac began issuing data in January 2005.
Compared with April, foreclosures fell 25 percenftin Washington, D.C. to 299; 14 perceng in Virginia to 5,385; and 2 percentr in Maryland to 3,539. Nationally, foreclosures declinedd 6 percentto 321,480 ,according to the latestf survey by Irvine, Calif.-based , a foreclosurew research firm. Virginia continued to have the highest rate of defaulty among thethree jurisdictions, with one in 608 homesw receiving a foreclosure notice. Maryland was next with a default rate of one in everh655 homes. The District’s default rate is the at one in every951 homes. The District also had the best foreclosur e performance compared with May with defaults declining 24 percenr from the yearago period.
Virginias foreclosures were 2 percent higher than Mayof 2008. Marylanf foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTravc reported that foreclosures in May were 18 percenft higher than oneyear ago. One in ever y 398 U.S. homes received a foreclosurre filingin May, easing back from April’s national rate of one in every 374 the highest monthly foreclosure rate sinced RealtyTrac began issuing data in January 2005.
Wednesday, December 21, 2011
Dish Network to hand out converter boxes in Houston - Minneapolis / St. Paul Business Journal:
vilyfijohy.wordpress.com
The estimates that 1.6 million peopl in the Houston area have ordered couponz for theirconverter boxes, but only 870,172 coupons have been redeemed as of May 30. The “Couponh Swap” program is a nationwider initiative to get customers ready for the conversio n to digital television signals onJune 12. Convertert boxes are only available to those with avalidx $40 coupon. Customers can go to Cossaboom YMCA at 7903 Soutnh Loop East onJune 5, or M.D. Anderson Family YMCA at 705 Cavalcad onJune 6. Dish Network handed out about 400 boxeas in Dallaslast weekend, according to Marcel Guajardo, a spokesmabn for the company. The current plan is to hand out abouy 400 to 500 boxesin Houston.
Guajardo said representatives from the FCC will also be on hand to answer questions related to the digital conversiomn and what households need to do to be ready forthe
The estimates that 1.6 million peopl in the Houston area have ordered couponz for theirconverter boxes, but only 870,172 coupons have been redeemed as of May 30. The “Couponh Swap” program is a nationwider initiative to get customers ready for the conversio n to digital television signals onJune 12. Convertert boxes are only available to those with avalidx $40 coupon. Customers can go to Cossaboom YMCA at 7903 Soutnh Loop East onJune 5, or M.D. Anderson Family YMCA at 705 Cavalcad onJune 6. Dish Network handed out about 400 boxeas in Dallaslast weekend, according to Marcel Guajardo, a spokesmabn for the company. The current plan is to hand out abouy 400 to 500 boxesin Houston.
Guajardo said representatives from the FCC will also be on hand to answer questions related to the digital conversiomn and what households need to do to be ready forthe
Monday, December 19, 2011
Hal Leonard media venture to enhance Guitar Edge - The Business Journal of Milwaukee:
edibin.wordpress.com
The joint venture, Guitar Edge LLC, will expanc and enhance Guitar Edge magazine into a multimediaw resourcefor guitarists. Hal Leonard'as Guitar Edge magazine debuted in the summeerof 2006. The magazines specializes in providing accurate transcription s in standard notation andguitar tablature, or for the hottest songs in all styles. The new Guita Edge will adopt the four-platform multimedia mode pioneered byPremier Guitar, a Mount Iowa-based media company that publishes Premier Guitar magazine. The strateggy features a print magazine supported by a freeonlin magazine, Web site and weekly e-newsletter. The enhancex Guitar Edge will make its debutt with the September2009 issue.
Editorial staffd from both firms will provide content for Guitar Edge and subscribers to both magazinescan opt-in for the new, free-of-charge Guitar Edge digital Jeff Schroedl, vice president of pop and standarfd publications for Hal Leonard, said the new medis will provide an additional revenue stream for its publishing partners. Publishere will be paid basedd on page views whenever readers of the magazineds view the free tab songs Premier Guitar CEO Peter Sprague said the collaboration with Hal the world's largest publisher of sheet music, could lead to a "host of new
The joint venture, Guitar Edge LLC, will expanc and enhance Guitar Edge magazine into a multimediaw resourcefor guitarists. Hal Leonard'as Guitar Edge magazine debuted in the summeerof 2006. The magazines specializes in providing accurate transcription s in standard notation andguitar tablature, or for the hottest songs in all styles. The new Guita Edge will adopt the four-platform multimedia mode pioneered byPremier Guitar, a Mount Iowa-based media company that publishes Premier Guitar magazine. The strateggy features a print magazine supported by a freeonlin magazine, Web site and weekly e-newsletter. The enhancex Guitar Edge will make its debutt with the September2009 issue.
Editorial staffd from both firms will provide content for Guitar Edge and subscribers to both magazinescan opt-in for the new, free-of-charge Guitar Edge digital Jeff Schroedl, vice president of pop and standarfd publications for Hal Leonard, said the new medis will provide an additional revenue stream for its publishing partners. Publishere will be paid basedd on page views whenever readers of the magazineds view the free tab songs Premier Guitar CEO Peter Sprague said the collaboration with Hal the world's largest publisher of sheet music, could lead to a "host of new
Saturday, December 17, 2011
Big Blue Bubble releases Dark Incursion, can make use of your old 3D glasses too - DroidGamers
mozybyd.wordpress.com
Big Blue Bubble releases Dark Incursion, can make use of your old 3D glasses too DroidGamers Although slightly late on release, Dark Incursion is a great retro-style Steampunk themed side-scrolling hack n; slash game for Android. It can also make use of those old 3D glasses you may have laying around. Dark Incursion is a Steampunk themed hack ... Dark Incursion launched on Android! |
Thursday, December 15, 2011
Fed e-mails critical of BofA, Lewis - Dayton Business Journal:
obesonuqa.wordpress.com
The e-mail messages were entered into the publiv record as partof Thursday’s hearinbg held by the U.S. House Committee on Oversightf andGovernment Reform. Lewis testifiefd for about three hours regardingthe government’sa role in BofA’s purchase of Merrill, sayint government pressure to go througu with the deal was a factor in his decision. But e-mails from varioux high-ranking Federal Reserve officials suggest regulator s thought Lewis was bluffing when he considereed backing out of theMerrill deal.
“Keb Lewis’ claim that they were surprisee by the rapid growth of thelosses (at Merrill) seemxs somewhat suspect,” Fed senior banking supervisor Tim Clark state d an e-mail to other regulators. “It calls into question the adequacyy of the due diligence process BAC has been doing in preparatiom forthe takeover.” Another e-maip from Fed counsel Scott Alvarez to Fed Chairmajn Ben Bernanke said of Lewis: “Making hard decisiond is what he gets paid for ... we shouldn’tf take him off the hook.” One e-maill said Lewis used the threat to call off the Merril l merger asa “bargaining chip.
” In testimon Thursday, Lewis denied using Merrill as a bargaining Instead, he said his concerns about the deal were but bank and federal officials agreed proceeding with the purchass using taxpayer aid was in the best interest of the financial systejm and Charlotte, N.C.-based BofA (NYSE:BAC).
The e-mail messages were entered into the publiv record as partof Thursday’s hearinbg held by the U.S. House Committee on Oversightf andGovernment Reform. Lewis testifiefd for about three hours regardingthe government’sa role in BofA’s purchase of Merrill, sayint government pressure to go througu with the deal was a factor in his decision. But e-mails from varioux high-ranking Federal Reserve officials suggest regulator s thought Lewis was bluffing when he considereed backing out of theMerrill deal.
“Keb Lewis’ claim that they were surprisee by the rapid growth of thelosses (at Merrill) seemxs somewhat suspect,” Fed senior banking supervisor Tim Clark state d an e-mail to other regulators. “It calls into question the adequacyy of the due diligence process BAC has been doing in preparatiom forthe takeover.” Another e-maip from Fed counsel Scott Alvarez to Fed Chairmajn Ben Bernanke said of Lewis: “Making hard decisiond is what he gets paid for ... we shouldn’tf take him off the hook.” One e-maill said Lewis used the threat to call off the Merril l merger asa “bargaining chip.
” In testimon Thursday, Lewis denied using Merrill as a bargaining Instead, he said his concerns about the deal were but bank and federal officials agreed proceeding with the purchass using taxpayer aid was in the best interest of the financial systejm and Charlotte, N.C.-based BofA (NYSE:BAC).
Tuesday, December 13, 2011
Proposed Tennessee bill would tax visiting NBA, NHL players - Charlotte Business Journal:
zlatkopaisley1275.blogspot.com
Under House Bill 0019, Tennesseer would tax athletes and entertainers performinyg in the state who make morethan $50,00p0 a year. The bill would increase state revenue by morethan $1.1 million and the funds wouldd be used for juvenile court-related programs. The tax would cover opponents of the and for up to threes gamesa year. However, opponents of the woulx be exempt. Greg Campbell, president of businese operations for the Memphis said other states have similarr taxes forprofessional teams. “We are aware of the state's intentionb to pass a bill that wouls impose a privilege tax on professional basketballl players in the stateof Tennessee,” Campbell said.
“We will be keepingh a close eye on this as it continues to move througg the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continus to do what is best for Tennessee and professional basketbalpl inthe state.” At least 15 otheer states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New North Carolina, Louisiana, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocalo law in place that charges players that play for teams with the tax but not players that play in statew without it.
Under House Bill 0019, Tennesseer would tax athletes and entertainers performinyg in the state who make morethan $50,00p0 a year. The bill would increase state revenue by morethan $1.1 million and the funds wouldd be used for juvenile court-related programs. The tax would cover opponents of the and for up to threes gamesa year. However, opponents of the woulx be exempt. Greg Campbell, president of businese operations for the Memphis said other states have similarr taxes forprofessional teams. “We are aware of the state's intentionb to pass a bill that wouls impose a privilege tax on professional basketballl players in the stateof Tennessee,” Campbell said.
“We will be keepingh a close eye on this as it continues to move througg the approval process and trustthat Gov. Bredesen and his fellow lawmakers will continus to do what is best for Tennessee and professional basketbalpl inthe state.” At least 15 otheer states have a similar tax including Illinois, Minnesota, Colorado, California, Arizona, New North Carolina, Louisiana, Oklahoma, Ohio, Massachusetts, Oregon, Indiana and Michigan has a reciprocalo law in place that charges players that play for teams with the tax but not players that play in statew without it.
Saturday, December 10, 2011
Charters, DCPS to compete more freely in HS sports - Washington Examiner
idozxun.blogspot.com
Charters, DCPS to compete more freely in HS sports Washington Examiner DC Mayor Vincent Gray plans to appoint a citywide athletic director by the end of the year, enabling charter schools to compete with DC Public Schools in tournaments like the Turkey Bowl high school football championship. It's essentially a plan to ... |
Thursday, December 8, 2011
Hearing set to certify Chinese drywall class - Denver Business Journal:
yfimuna.wordpress.com
The plaintiffs’ homes were constructed with what they allegre was defectiveChinese drywall. , built the The judge also set a possible trialp date forSeptember 2010. Lawyers workingh on the case say it may be the firstf Chinese drywall case set fortrialp nationwide. High-sulfur Chinese drywall is believed responsible forstrontg odors, metal corrosion and health complaintss in thousands of homes in Florida and the Southeast. Federal class action suits were combinecd recently inNew Orleans. , The Blumsteinh Law Firm and alleg inthe Miami-Dade suit that the defectivew drywall emits toxins, includin g carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believe drywalol manufactured in China was used in as manyas 60,000 Florida homes and as many as 100,000 in the U.S. during the buildingg boom between 2004and 2007. The state case was filex in February on behalf of Jasonm and Melissa Harrell and other homeowners who purchase ddefective homes. In a preses release, the firms said the defective drywall was installedf inthe Harrell’s home by the South Kendall Construction and supplied by In an interviews in January, South Kendall Construction’s president told the Busines Journal he was investigating the problem, but he has not respondede to additional requests for Repeated attempts to speak to officials at Bannert Supply have not been successful.
The plaintiffs’ homes were constructed with what they allegre was defectiveChinese drywall. , built the The judge also set a possible trialp date forSeptember 2010. Lawyers workingh on the case say it may be the firstf Chinese drywall case set fortrialp nationwide. High-sulfur Chinese drywall is believed responsible forstrontg odors, metal corrosion and health complaintss in thousands of homes in Florida and the Southeast. Federal class action suits were combinecd recently inNew Orleans. , The Blumsteinh Law Firm and alleg inthe Miami-Dade suit that the defectivew drywall emits toxins, includin g carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believe drywalol manufactured in China was used in as manyas 60,000 Florida homes and as many as 100,000 in the U.S. during the buildingg boom between 2004and 2007. The state case was filex in February on behalf of Jasonm and Melissa Harrell and other homeowners who purchase ddefective homes. In a preses release, the firms said the defective drywall was installedf inthe Harrell’s home by the South Kendall Construction and supplied by In an interviews in January, South Kendall Construction’s president told the Busines Journal he was investigating the problem, but he has not respondede to additional requests for Repeated attempts to speak to officials at Bannert Supply have not been successful.
Tuesday, December 6, 2011
Delinquencies, foreclosures continue to climb - Puget Sound Business Journal (Seattle):
haygoodfoafyga1359.blogspot.com
Four states – Florida, Arizona, California and Nevada drove up the national accounting for about 46 percent of the foreclosure starts in the and representing 56 percent of the increaswe inforeclosure starts, according to the MBA. Nevada had the highest overalkl delinquency rate across all types of loansat 11.75 followed by Mississippi at 11.7 percent and Floridza at 10.67 percent. The delinquency rate includes loan that are at least one paymentpast due, but does not includer loans in the process of foreclosure. Based on foreclosure the states with the highestt rates wereFlorida (10.56 percent), Nevada (7.83 percent) and Arizona (5.
56 percent) The numbers are higherr and are only expected to said Jay Brinkmann, chief economist for the MBA. “Thee rate of foreclosure starts remained essentially flat for the last three quartersof 2008, and we suspected that the numbers were artificially low due to various state and local moratoria, the and halt on foreclosures, and variou company-level moratoria," Brinkmann said. However, he now that the guidelines for theObama administration’s loan modificationds are known, along with an increasre in the number of vacanf homes with past due mortgages, “thed pace of foreclosures has stepped up considerably.
" There’es also been a shift away from subprimr and adjustable rate mortgages to prim fixed-rate loans falling into The foreclosure rate on prime fixed-rate loans has doublee in the last year, and, for the firsrt time since the rapid growth of subprime lending, primse fixed-rate loans now represent the largest share of new “More than anything else, this points to the impacy of the recession and drops in employment on mortgager defaults,” Brinkmann said. Lookingb ahead, he said it doesn’t appea r that the number of mortgage defaults will stargt to drop off until the employment situation gets andthat isn’t expected untilk mid-2010.
Four states – Florida, Arizona, California and Nevada drove up the national accounting for about 46 percent of the foreclosure starts in the and representing 56 percent of the increaswe inforeclosure starts, according to the MBA. Nevada had the highest overalkl delinquency rate across all types of loansat 11.75 followed by Mississippi at 11.7 percent and Floridza at 10.67 percent. The delinquency rate includes loan that are at least one paymentpast due, but does not includer loans in the process of foreclosure. Based on foreclosure the states with the highestt rates wereFlorida (10.56 percent), Nevada (7.83 percent) and Arizona (5.
56 percent) The numbers are higherr and are only expected to said Jay Brinkmann, chief economist for the MBA. “Thee rate of foreclosure starts remained essentially flat for the last three quartersof 2008, and we suspected that the numbers were artificially low due to various state and local moratoria, the and halt on foreclosures, and variou company-level moratoria," Brinkmann said. However, he now that the guidelines for theObama administration’s loan modificationds are known, along with an increasre in the number of vacanf homes with past due mortgages, “thed pace of foreclosures has stepped up considerably.
" There’es also been a shift away from subprimr and adjustable rate mortgages to prim fixed-rate loans falling into The foreclosure rate on prime fixed-rate loans has doublee in the last year, and, for the firsrt time since the rapid growth of subprime lending, primse fixed-rate loans now represent the largest share of new “More than anything else, this points to the impacy of the recession and drops in employment on mortgager defaults,” Brinkmann said. Lookingb ahead, he said it doesn’t appea r that the number of mortgage defaults will stargt to drop off until the employment situation gets andthat isn’t expected untilk mid-2010.
Sunday, December 4, 2011
Local home sales plummet 30% in May - Pacific Business News (Honolulu):
mozybyd.wordpress.com
region plummeted 30 percent in May despits indications more potential buyers are being drawn into the real estate market by low interesrt rates and a federal tax incentivefor first-time A total of 554 new and existingf single-family homes and condominiums sold in the compared to 790 a year ago, based on preliminary figureds released today by the . The overall median sale price fell2 percent, to although prices were flat or rose in four of the six countiees where most of the sales occur. The median prics fell 7 percent in RensselaetrCounty ($170,000) and 4 percent in Saratoga Countu ($238,800).
The median price was unchanged in AlbanyCounty ($205,000) and increased 6 percenrt in Schenectady County ($160,000), 13 percent in Schoharie Countuy ($148,500) and 39 percent in Montgomerhy County ($106,700). The median is the point at whicg half of the pricese were more and halfwere less, which is considered a better gauge of the salesd market than the average. The average pricew in May fell3 percent, to $213,820. The May results don’t necessarily reflect the activity in the markey today since it takes two to three montha for a purchase contract to proceed to afinao closing.
“I will tell you it has been my experience that open houseaare active, phone calls and Internet leads are many,” GCAR Presideny Sandra Nardoci said. “The feeling is that when buyeres become confident that their jobs are secure our markeft will pickup rapidly.” GCAR Chief Executive Officedr James Ader has said the salexs report that’s compiled in July and released to the news mediq in August will provide a good readingb on how the spring market fared. There is one potentially tellingf sign of a possible the overall median sale priced has increased steadily since risingfrom $171,700 to $191,900 in May.
When only existinf homes are counted, total sales in May fell 26 That compares witha 3.6 percent declinde in existing-home sales nationally compared to a year ago. The mediahn sale price for existing homez in the Albany region increased 2 to $185,000. Nationally, the median sale price was down 16.8 percent, according to the . Albangy County: 151 closed sales, down 16 percent Rensselaed County: 53 closed sales, down 55 percentf Saratoga County: 163 closed sales, down 34 percent Schenectadyu County: 93 closed down 11 percent Schoharie County: 14 closed down 22 percent Montgomery 20closed sales, no change
region plummeted 30 percent in May despits indications more potential buyers are being drawn into the real estate market by low interesrt rates and a federal tax incentivefor first-time A total of 554 new and existingf single-family homes and condominiums sold in the compared to 790 a year ago, based on preliminary figureds released today by the . The overall median sale price fell2 percent, to although prices were flat or rose in four of the six countiees where most of the sales occur. The median prics fell 7 percent in RensselaetrCounty ($170,000) and 4 percent in Saratoga Countu ($238,800).
The median price was unchanged in AlbanyCounty ($205,000) and increased 6 percenrt in Schenectady County ($160,000), 13 percent in Schoharie Countuy ($148,500) and 39 percent in Montgomerhy County ($106,700). The median is the point at whicg half of the pricese were more and halfwere less, which is considered a better gauge of the salesd market than the average. The average pricew in May fell3 percent, to $213,820. The May results don’t necessarily reflect the activity in the markey today since it takes two to three montha for a purchase contract to proceed to afinao closing.
“I will tell you it has been my experience that open houseaare active, phone calls and Internet leads are many,” GCAR Presideny Sandra Nardoci said. “The feeling is that when buyeres become confident that their jobs are secure our markeft will pickup rapidly.” GCAR Chief Executive Officedr James Ader has said the salexs report that’s compiled in July and released to the news mediq in August will provide a good readingb on how the spring market fared. There is one potentially tellingf sign of a possible the overall median sale priced has increased steadily since risingfrom $171,700 to $191,900 in May.
When only existinf homes are counted, total sales in May fell 26 That compares witha 3.6 percent declinde in existing-home sales nationally compared to a year ago. The mediahn sale price for existing homez in the Albany region increased 2 to $185,000. Nationally, the median sale price was down 16.8 percent, according to the . Albangy County: 151 closed sales, down 16 percent Rensselaed County: 53 closed sales, down 55 percentf Saratoga County: 163 closed sales, down 34 percent Schenectadyu County: 93 closed down 11 percent Schoharie County: 14 closed down 22 percent Montgomery 20closed sales, no change
Friday, December 2, 2011
Fifth Third loans decline in April to $6.2 billion - Business Courier of Cincinnati:
fusajacuxejilyp.blogspot.com
billion in loans in April, down from its Marchn levels, according to a report it makes tothe U.S. Treasury. Fifty Third’s loans fell about 13 percent fromthe $7.1 billionj in loans it made in March. But the figured is up from $5.5 billionm in February and $5.1 billion in Mortgage lending was a big part of theAprilo volume, thanks to lower interest rates, Fifth Third said in the Its mortgage originations jumped $260 million from March to $2.2 The vast majority of that $1.
9 billion – came from It lent nearly $400 millio for new purchases of Demand for small-business loans has been stablwe for most of the but it declined in April, Fifth Thirdx (NASDAQ: FITB) said in the report. Declining demand for home equit y and auto loans causec overallconsumer non-mortgage loan demand to fall slightlty compared with March. But credit card originationes jumped35 percent, or $55 million, to $211 “Over the past severa l months there has been a lot of focu s on increasing the bank’s already-stronv capital levels,” Fifth Third CEO Kevijn Kabat said in a news “Having a strong capital position is importan as it allows us to make loans to qualified something that we continued to do in Fifth Third, with $119 billion in assets, is Cincinnati’s largesft bank.
It has more than 1,300p banking locations in Ohio, Kentucky, Indiana, Illinois, Florida, Tennessee, West Virginia, Missouri, Georgia and North Carolina.
billion in loans in April, down from its Marchn levels, according to a report it makes tothe U.S. Treasury. Fifty Third’s loans fell about 13 percent fromthe $7.1 billionj in loans it made in March. But the figured is up from $5.5 billionm in February and $5.1 billion in Mortgage lending was a big part of theAprilo volume, thanks to lower interest rates, Fifth Third said in the Its mortgage originations jumped $260 million from March to $2.2 The vast majority of that $1.
9 billion – came from It lent nearly $400 millio for new purchases of Demand for small-business loans has been stablwe for most of the but it declined in April, Fifth Thirdx (NASDAQ: FITB) said in the report. Declining demand for home equit y and auto loans causec overallconsumer non-mortgage loan demand to fall slightlty compared with March. But credit card originationes jumped35 percent, or $55 million, to $211 “Over the past severa l months there has been a lot of focu s on increasing the bank’s already-stronv capital levels,” Fifth Third CEO Kevijn Kabat said in a news “Having a strong capital position is importan as it allows us to make loans to qualified something that we continued to do in Fifth Third, with $119 billion in assets, is Cincinnati’s largesft bank.
It has more than 1,300p banking locations in Ohio, Kentucky, Indiana, Illinois, Florida, Tennessee, West Virginia, Missouri, Georgia and North Carolina.
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