Business Banking
The banking issues that face small businesses to mega corporations. To add your expertise and opinions, click on Contribute
Banking: it's not over 'til it's over
As the death toll for FDIC insured banks spectacularly breaches the milestone of 100 so far this year, there's another side to the business that is also under pressure. As Delaware-based Capmark Financial Group files for protection under Chapter 11 of the US Bankruptcy Code (a form of administration) the deep wounds in the USA's commercial property sector are made plain. And so are the threats to small captive banks.
Business Banking: fraud alleged against finance brokers
Australia's ASIC has commenced proceedings in the Federal Court of Australia against two companies engaged in finance broking.
Business Banking: FDIC admits problems in small commercial lenders
The crisis in small commercial lenders is at the heart of FDIC's current activity - it's chairman mentioned, in a near-aside - in a speech in India. No one at home noticed..... but it confirms what Nigel Morris-Cotterill has been saying for almost a year: the commercial property lending sector is where stage 2 of the crisis is brewing.