Li Nan has real estate fever. A 27-year-old steel trader at China Minmetals, a state-owned commodities company, Li lives with his parents in a cramped 700-sq.-ft. apartment in west Beijing. Li originally planned to buy his own place when he got married, but after watching Beijing real estate prices soar, he has been spending all his free time searching for an apartment. » Read more…
Tag Archives: banks
Is China headed for a major real estate bubble?
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Sweden urges US-style EU bank tax
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Sweden has called for a European tax on banks similar to a new US scheme, in a bid to fix broken public finances and build a buffer against future financial crises. » Read more…
Fed emergency loans to banks continue to decline
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Banks borrowed less from the Federal Reserve’s emergency lending program over the past week, another sign that strains on private credit markets are easing. » Read more…