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Daily Archives: October 12, 2018

U.S. banks profit from higher rates, more loans and lower costs

NEW YORK (Reuters) – Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue. Banks benefited from strong loan demand in the latest quarter, with lending rates rising faster than funding costs, stock market activity boomed and the Trump ...

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Here are the top 10 reverse mortgage lenders

The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from the U.S. Department of Housing and Urban Development. But lenders in the reverse space are no strangers to change. They are nothing if not resilient. Many will tell you they’ve weathered uncertain times before and they’ve come out the other ...

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Dear regulators: Don’t cut big banks’ capital

The U.S. banking agencies are proposing that the eight U.S.-based global systemically important banks should reduce their capital by $ 121 billion — that the banking system would be stronger and more resilient with this reduction in capital. This would be the result of a plan, first introduced this spring, to ease leverage ratio requirements for the country’s largest institutions. ...

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Odom Delivers Message To Business Leaders (BBJ Story)

Ryan Odom took time Friday morning to talk to business leaders about something other than basketball — geese. Speaking at the BWI Business Partnership’s monthly breakfast, the head coach of the University of Maryland, Baltimore County men’s basketball team listed five facts about geese — ranging from why they fly in a V-formation to what happens if one goose falls ...

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