Wall Street

Online Stock Market Trading by Steve Herman

Kookmin Bank is a commercial bank in Korea that provides a full range of personal lending products and retail banking services to individual customers, including mortgage loans. It is a private sector mortgage lender in Korea, and its mortgage loan portfolio in terms of aggregate loan value accounted for a 78% share of the domestic commercial banking market as of December 31, 2002. The Company is also a manager of the National Housing Fund, income households.

Stock Investing Course Bank lending has fallen again in Japan, while one of the country's biggest retailers now is in the hands of its creditors.

Mortgage lending reached a new record in July, according to figures from one industry body. The Council of Mortgage Lenders (CML), which represents banks, building societies and other lenders, said that although gross mortgage lending fell in July by 1% from Junes record high, at £34.4 billion it was 13% higher than the £30.6 billion lent in the same month last year.

Stock Market Game If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.

Mortgage lending from building societies slumped again last month. Data from the Building Societies Association shows that net lending was down from £1, 262 million in May to £125 million in June. The statistics follow hot on the heels of Bank of England mortgage approval figures for May, when the number of new home loans fell to just 42, 000 – a collapse of 63.8% since the same month a year ago, when there were 116, 000 loan approvals.

Stock Investing Game Print This Page

rate futures show around a 90% chance that the Fed will lower its 4.75% overnight lending rate between banks by at least a 0.25% point on Wednesday.

Journal Prime Rate Street Wall Jan 15, 2005 (AXcess News) Tokyo - Bank lending has fallen again in Japan, while one of the country's biggest retailers now is in the hands of its creditors. And Mitsubishi has given up its investment in Malaysia's Proton carmaker. Those are some of the business stories making headlines in Japan this week.

The Bank of England (BoE) has said that unsecured lending to individuals increased for the second consecutive month during May and was also above the six month average.

Stock Market News For the eighth straight year, bank lending fell in Japan in 2004. The Bank of Japan says weak demand for loans from companies still trying to pay off debts caused the four-percent drop.

Stock Investing Basics Bank officials say that while 2005 may see another drop, the percentage of the decline is likely to be smaller. That is because some banks are beginning to promote unsecured loans to smaller credit-worthy companies and housing loans to individuals.

Stock Investing Software The fate of one of Japan's major retailers is now in the hands of nearly 40 creditors, which have been asked to forgive much of its debt. Supermarket chain Daiei is to be bailed out by the government-backed Industrial Revitalization Corporation.

Stock Market Trading The ailing retailer says none of its creditors have objected, so far, to forgiving 81-percent of Daiei's unsecured debt. Daiei President Toshio Hasumi says the debt waiver is one final chance for the 48-year-old company to survive.Under a restructuring plan Daiei will withdraw from some regions, fire one-fourth of its employees and open new stores in areas where it is strongest.Advertisement

Stock Investing For Dummy Mitsubishi Corporation says it has sold all of its holdings in Malaysia's national automaker.Japan's largest trading company says an investment firm affiliated with the Malaysian government (Khazanah Nasional) paid about $105 million for the eight-percent stake in Proton.

Stock Market Crash Mitsubishi and its automobile subsidiary took a 15-percent stake in the company when it was created in 1983. Mitsubishi Motors sold its shares last March.Source: Voice of America

Stock Investing Tip AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

[ Comment, Edit or Article Submission ]