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Story Archives of 'Banks'
Banking On Local Currency
By Zach Johnk on Thursday, August 27, 2009.
During the Great Depression, the U.S. dollar plummeted in value. As a result, a number of local currencies sprang up throughout the country. Well, the national economy once again finds itself in a shabby state, and cities and counties are taking some of the same countermeasures that they did eighty years ago.
Bank of America NOT on the TARP Repayment List
By Jon Greenberg on Tuesday, June 9, 2009.The NY Times reports that 10 banks will be allowed to repay TARP funds worth about $68 billion. The only large bank in NH subject to the stress test, Bank of America, is not on that list.
From the Times, this is the list:
Borrowers Finding Green, as in Dollars, Lean
By Elaine Grant on Thursday, May 21, 2009.All this week, we’ve been talking about energy independence. And one thing keeps coming up – investing in energy alternatives is costly, even with federal and state incentives thrown in. And so people must either fund projects themselves or borrow money. But in New Hampshire, bank loans for energy projects are scarce. At least for now.
NHPR’s Elaine Grant has more.
Shorter Term SBA Lending Up
By Jon Greenberg on Monday, May 11, 2009.The latest SBA lending data shows that borrowing under the 7 A program is up by around 65%. Borrowing under the 504 program, which is for bigger ticket items like heavy equipment, is down about 40%.
The trend reflects businesses taking advantage of better terms under the stimulus act (lower fees, up to 90% guarantee for the lenders) to deal with immediate capital needs. They remain cautious about longer term commitments.
Small New Hampshire Banks Are Making Money Even While Big Banks Announce Losses
By David Darman on Friday, February 6, 2009.There has been a lot of bad news lately about banks.
Some of the biggest banks in the country have needed federal bailouts, and are reporting huge quarterly losses.
But the financial environment for small New Hampshire banks lately has been quite favorable.
And as NHPR’s David Darman reports, many of these banks are actually making a profit.
Bailing Out the Bailouts
By Laura Knoy on Tuesday, November 18, 2008.It seems everyone is either getting bailed out or wanting to get bailed out - the mortgage industry and those who can’t pay their mortgages, the credit card companies and those overwhelmed by credit card debt, Wall Street, banks and the auto industry. Some see bailouts as a necessary evil to keep the economy from tanking, while others suggest the country can’t afford its government bailing out any more companies when its economy is already in such bad shape. We’ll look at who’s being bailed out, who may be next and what the effects may be.
Guests
- Jim Chappelow, economist at the Institute for Trend Research in Concord
- John Vogel, adjunct professor of business administration at the Tuck School of Business at Dartmouth
New Hampshire's Community Banks Are Still Pretty Healthy
By Shannon Mullen on Friday, October 3, 2008.The US House of Representatives today overwhelmingly approved legislation to bailout Wall Street.
Lawmakers on both sides of the aisle had predicted dire economic consequences if they didn't take action.
Despite the vote, the Dow Jones Industrial Average still dropped more than 150 points today.
All these developments in the stock market and the urgency in Washington, have left taxpayers confused and concerned.
But here in New Hampshire, some bankers say the way they do business protects their customers from the credit crunch.
NHPR correspondent Shannon Mullen has more.
State Looks to Extend Its Takeover of Trust Company With Big Losses
By David Darman on Thursday, February 14, 2008.New Hampshire’s Attorney General office has asked a Superior Court judge to extend the ruling that lets state banking officials take control of Noble Trust Company.
State officials temporarily took control of the Manchester based trust earlier in the week.
They’ve asked the court to secure the trust’s assets for another 30 days to keep them firmly in place.
New Hampshire Public Radio’s David Darman has more.
Thousands Stand to Lose Homes in Crisis
By Dan Gorenstein on Thursday, August 16, 2007.It seems like everyday there is a new report about trouble with sub-prime home loans.
Now, the New Hampshire Banking Department is traveling around the state holding counseling sessions for homeowners in trouble.
There’s a concern that people stuck in unaffordable mortgages will not be able to refinance.
New Hampshire Public Radio’s Dan Gorenstein has more.
Lawmakers Consider Payday and Title Loan Reforms
By Josh Rogers on Tuesday, March 13, 2007.House lawmakers heard testimony Wednesday on a plan to that would reduce by more than tenfold the annual interest rate on payday loans.
At present, interest rates can top out at more than 500 percent. The proposed change would cap rates at a maximum of 36 percent a year. The measure would also bar payday or title loan lenders from making more than one loan to a customer in any 60 day period.
The state's top banking official and advocates for the poor say the policy would be a step in the right direction. But loan providers say the measure will effectively shut down an industry that provides people with needed money.
New Hampshire Public Radio's Josh Rogers has more.
