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Problem Loans Weigh On Ucb - San Jose Business Journal
united commercial bank, one of the largest lenders in silicon valley, is coping with rising numbers of soured construction loans and more than $30 million in construction-related write-offs over the past three quarters. the outlook for the san ...
sanjose.bizjournals.com

Webster Bank Loses $12.5 Million In Bad construction Loans
webster bank announced plans tuesday to open flagship branches in boston and providence, r.i., even as its parent company said it expects to take a bigger hit from bad loans in the third quarter.
www.rep-am.com

New Home Construction Drops 14% Across Region
new home construction in the pittsburgh region fell 14.3 percent for the first nine months of 2008, according to a report.
www.pittsburghlive.com

Telltales Of The Next Likely Bank Failures - Businessweek
u.s. banks large and small are buckling under the pressure of the credit crisis. the federal deposit insurance corp. has seized 13 institutions this year, most recently washington mutual. the regulator, which maintains a list of "problem" banks ...
www.businessweek.com

China's Stocks Drop For Third Day; Icbc, Construction Bank Fall - Bloomberg
oct. 8 (bloomberg) -- china's stocks fell for a third day, led by financial companies, on concern more banks will fail worldwide as the credit crisis deepens and global economic growth slows. industrial & commercial bank of china ltd. , the nation's ...
www.bloomberg.com

Lack Of Funding Leads To Lee County School Construction Cutbacks
lee county school district superintendent james browder told school board members tuesday that several changes have been made to the district’s capital projects plan thanks to a lack of funding. the only school construction planned for the next five years in the district’s south zone, which contains fort myers and bonita springs, is a 1,000-seat elementary school slated for opening in school ...
naplesnews.com

Old Explosives Found At Construction Site
authorities in park city, utah, said they are working to identify explosives uncovered during excavations at a construction site in the deer valley area.park city spokeswoman phyllis robinson said 225 construction workers were evacuated from the montage hotel development monday after crews discovered packs of explosives that are suspected to be left over from previous mining operations, the salt ...
politicom.moldova.org

New Home Construction Drops 14% Across Region - Pittsburgh Tribune Review
new home construction in the pittsburgh region fell 14.3 percent for the first nine months of 2008, according to a report issued tuesday. this is a signal that the nation's financial crisis is starting to take an accelerating toll on the pittsburgh ...
www.pittsburghlive.com

Kafalat Loans In August 2008 - Fxstreet.com
statistics released by the governmentsubsidized program “kafalat” uncover a sizeable increase in the number of guarantees extended by kafalat for the first eight months of 2008 to 606. registered construction permits in august 2008 according to ...
www.fxstreet.com

Bank President Indicted For P200m In Bogus Loans
the court of appeals has affirmed the justice departments decision to indict the former president of richmond savings bank and other officers for estafa for lending out p200 million in bogus loans to four companies.
www.yehey.com

China's Stocks Drop For Third Day; Icbc, Construction Bank Fall
oct. 8 (bloomberg) -- china's stocks fell for a third day, led by financial companies, on concern more banks will fail worldwide as the credit crisis deepens and global economic growth slows.
www.bloomberg.com

Virginia Commerce Bancorp Gets $25m To Weather Storm - Washington Business Journal
facing mounting problems with real estate loans, virginia commerce ceo peter converse is raising additional capital to protect the bank from defaults. virginia commerce bancorp inc. has raised $25 million to thicken the bank’s cushion against loan ...
washington.bizjournals.com

Few Texas Banks Would Benefit From Rescue - Houston Chronicle
texas bankers are closely watching the congressional wrangling over a wall street rescue plan out of curiosity more than concern. very few texas-based banks would benefit from an intervention that would allow the u.s. treasury department to unclog ...
www.chron.com

Us Credit Crisis Threatens New Orleans' Recovery
a prolonged recession and a tight credit market would cripple new orleans' still-fragile recovery from hurricane katrina, delaying or eliminating road work, new construction and repairs to homes and businesses that have stood empty since 2005.
news.yahoo.com

Bank President Indicted For P200m In Bogus Loans
the court of appeals has affirmed the justice department’s decision to indict the former president of richmond savings bank and other officers for estafa for lending out p200 million in bogus loans to four companies.
www.manilastandardtoday.com

Hypo Borrowers Exhale - Wall Street Journal
among those breathing a hearty sigh of relief this week after the german government bailed out lender hypo real estate group were developers related cos. and metropole realty advisors inc. hypo, based in munich, committed last year to provide $520 ...
online.wsj.com

Credit Crisis Hitting Home: 'everybody Cries Together' - Cnbc
panicky investors making some bone-headed moves funds try to lose ties to lehman ge offering prices at $22.25 per share treasurys higher as uncertainty grows over bailout jobless claims rise to highest level in 7 years euro rates stay on hold ...
www.cnbc.com

Crisis Is Putting Brakes On Russia's Construction Boom
moscow, oct. 6 -- less than a year ago, one of russia's wealthiest tycoons, along with the nation's powerful railways chief and the mayor of moscow, unveiled plans to build a glittering new neighborhood of apartment towers, skyscrapers, schools, parks and shopping malls on a vast stretch of the city's west side.
www.washingtonpost.com

Grocer Loans $33m To Park
demoulas, a supermarket chain acting as private bank, has extended a $33 million line of credit to sam park and amp; co. for the gloucester crossing shopping center development. already used this summer was a $10.3 million loan for pre-construction work on the 33 acre site just off the blackburn rotary of the route 128 extension.
www.gloucestertimes.com

Small Banks Pursue Piece Of Bailout - Wall Street Journal
thousands of community banks, worried about the mounting volume of bad construction and land loans, are clamoring for a piece of the government's proposed $700 billion bailout plan. the proposal unveiled last week would allow the u.s. treasury to ...
online.wsj.com