Spanish property broker Donpiso pledges on its website it can sell homes within 60 days. That’s possible, said Juan Luis Nolasco, who runs one of the firm’s Madrid branches, only if owners are realistic about prices and the difficulties buyers face getting mortgages after six years of falling values.
Goldman Sachs Group Inc. has dropped forecasts for the benchmark interest rate of China’s central bank from its annual outlook, while Societe Generale SA bemoans the “guesswork” behind tracking the nation’s shifting targets.
Wells Fargo & Co. Vice President Kurt Lofrano played a “critical role” in helping the bank hide fraudulent home loans that cost the U.S. $189 million, the U.S. government claimed in a filing in Manhattan federal court.
A lot of people seem to hold some version of both of the following beliefs: (1) Banks have artificially low capital levels because of implied government subsidies, and (2) Shadow banking is undercapitalized and should be subject to bank-like regulation.