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5 HOURS AGO - Zero Hedge

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The Wrath of Draghi: First German Bank Hits Savers with Negative Interest Rate

Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi. Retail and business customers with over €500,000 on deposit as of November 1 will earn a ...

Tags: The Wrath of Draghi: First German Bank Hits Savers with Negative Interest Rate,  Lending Latest News

5 HOURS AGO - Benzinga

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Newtek Closes Additional $23M Line For Its Lending Subsidiary

Newtek Business Services, Inc. (NASDAQ: NEWT), The Small Business Authority®, announced today that its lending subsidiary, Newtek Small Business Finance, Inc., closed an additional $23 million in financing, which will increase its existing revolving credit facility to $50 million through Capital One, N.A.

Tags: Newtek Closes Additional $23M Line For Its Lending Subsidiary,  Lending Latest News

6 HOURS AGO - Zero Hedge

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Western Banks Find "In China, Nothing Is What It Appears To Be"

When Chinese property developer Agile Property Holdings Ltd. said this month that its chairman was taken into custody by authorities, the disclosure was a shock to Western banks that lent the company money, according to China Spectator as the fog of ever-rising asset values suddenly evaporates into the reality of an opaque real estate credit market slap them in the ...

Tags: Western Banks Find "In China, Nothing Is What It Appears To Be",  Lending Latest News

7 HOURS AGO - Zero Hedge

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Sudden Bout Of Risk-Offness Sends European Shares Sharply Lower, US Futures Not Happy

The best summary of the morning after the Fed's official end of QE3 comes from DB's Jim Reid, and is as follows: "The surprises from last night's FOMC statement was not that the Fed wants to be more hawkish than the market currently prices in and that its wants to raise rates in 2015, but that they chose to be ...

Tags: Sudden Bout Of Risk-Offness Sends European Shares Sharply Lower, US Futures Not Happy,  Lending Latest News

13 HOURS AGO - Business Insider

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Businesses, Trade To Support U.S. Third-quarter Growth

By Lucia MutikaniWASHINGTON (Reuters) - A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery.Gross domestic product likely grew at a 3.0 percent annual pace, according to a Reuters survey of economists, with housing, trade, government and consumers also lending support.While that would ...

Tags: Businesses, Trade To Support U.S. Third-quarter Growth,  Lending Latest News