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Intesa on Wednesday said it was in talks on a possible sale of its debt collection business and a bad loan portfolio to Swedish credit servicing group Intrum Justitia (>> Intrum Justitia AB). This marked a change of direction for Intesa,

In recasting the program, the Treasury no longer plans to buy troubled assets from financial firms, the idea initially presented to the country, but instead will offer aid to banks and other firms that issue student, auto and credit card.

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The Co-operative Group has reported a sharp fall in profits due to bad business loans and what it describes as a "competitive" food market. Underlying operating profit for the first half year was £174m, down 34% on the £264m the.

while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark. The housing loan portfolio of banks as a whole clipped at 18.27 per cent in fiscal 2017, but the gross NPAs in this segment also.

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BEIJING – The latest quarterly reports of Chinese banks pointed to milder growth in bad loans, adding to evidence that the country’s credit risk is under control albeit increasing. China Construction Bank (CCB), one of China’s "big four".

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NEW DELHI: The slowdown in credit growth in India is not the fallout of state-run banks attempting to resolve their massive non-performing assets (NPAs), or bad loans, problems and pre-dates the recent efforts by banks to clean up.

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The mass of bad loans has affected banks’ ability to provide credit to firms and households, slowing down the bloc’s economic recovery. Italy, the euro zone country most affected by the problem, has opposed the new ECB move,

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MILAN, Dec 6 (Reuters) – Italian regional lender Banca Carige said on Wednesday it sold a portfolio of gross bad loans worth 1.2 billion euros ($1.4 billion) and its platform to manage bad debt to Credito Fondiario. The lender will pocket.

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Ford Motor Co. will crack open the incentives vault for a month-end sales blitz that will offer 0 percent financing for as much as 72 months for Ford, Lincoln and Mercury buyers, including those with subprime credit ratings. The program,

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The Bank of Montreal saw its third-quarter profit grow four per cent to $1.25 billion even as it set aside more money for bad loans. Last year. with concerns about oilpatch-related loan losses. "While credit was expected to be a.

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Like Wells and Bank of America, U.S. Bancorp, which reported $602 million in profits for the quarter, said the rate of increase for bad loans was moderating. Meanwhile, many large credit card issuers are writing off 10 percent or more.

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Indian banks’ struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies (NBFCs), which are not as strictly regulated as banks. With their share of total.

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