NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
May 13, 2021
Bloomberg News
,U.S. mortgage rates fell for a second straight week, dropping closer to the lowest on record.
The average for a 30-year loan was 2.94 per cent, down from 2.96 per cent last week and the lowest since Feb. 18, Freddie Mac data showed Thursday.
The 30-year average, which hit a record low of 2.65 per cent in early January, had climbed above 3 per cent this year amid optimism about an economic rebound from the pandemic. Now, rates have been below that benchmark for the past four weeks.
Cheap loans have fueled the past year’s rally in home purchases and given Americans more buying power even as bidding wars push up prices. The latest decline also provides current borrowers with another window to lower their monthly payments by refinancing.