Despite an increase in jobs, New Jersey’s unemployment rate rose yet again during March, according to the state’s labor department.Rising 0.1 percent, the state’s jobless rate is now 9.3 percent. The… View full post on All Stories
By Rogerio Jelmayer SAO PAULO (MarketWatch) — Rising inflation and continued robust growth in credit availability have prompted an increase in short-term nonperforming loans among Brazilian banks, but bankers say they can learn to live with the problem. View full post on All Stories
New Jersey businesses would be spared a sudden major hike in unemployment taxes under legislation that calls for the increase to be phased in. View full post on All Stories
Ulster Bank has reported an operating loss of €441m for the first quarter of 2011 due to an increase in bad loans. View full post on All Stories
Unemployment in Puerto Rico is becoming a crisis and stood at 16.8 in March, an increase of 0.8 percentage points compared with February and part of a continuing upward trend, according to data provided by the Labor Department. View full post on All Stories
Banking giant JP Morgan posted a profit of $5.6 billion for the first three months of the year, a 67 percent increase from $3.3 billion for the same period last year, the company has announced. View full post on Banking Stories
The Bank of Japan says it will offer cheap funding to banks affected by the earthquake and tsunami in anticipation of an increase in demand for loans to rebuild the region View full post on All Stories
The Defense Department’s proposed $553 billion budget for fiscal 2012 marks a modest increase. View full post on All Stories
Canara Bank, a leading financial conglomerate in India, announced financial results for the third-quarter, reporting a higher net profit with an increase in net interest income from loans/advances. View full post on All Stories
The BSE Sensex slipped 1 percent on Wednesday as high world oil prices sparked concerns of a possible increase in domestic auto fuel prices that could stoke inflation. Banking shares fell for a third successive day on worries rising lending rates in the sector would affect demand for loans, while a sharp increase in deposit [...]
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