DAILY OIL PRICE: December 18

first_img DAILY OIL PRICE: December 18 Twitter TAGS  Facebook By Digital AIM Web Support – December 18, 2020 Pinterest Facebook Twitter Pinterest Local NewsIn the Pipeline WhatsApp WhatsApp Plains All American logo.jpg Crude Oil: 49.10   (+0.74).Nymex MTD AVG:  46.7855.Natural Gas: 2.700   (+0.064).Gasoline: 1.3956   (+0.0075).Spreads: January/February   (-0.14)   February/March   (-0.10).Plains WTI Posting: 45.50   (+0.75). Previous articleOAT121920_StructureFire_05_border_02.jpgNext articleBasin rig count, oil prices up Digital AIM Web Supportlast_img read more

Big Four U.S. Banks Report Widespread Loan Deferral

first_img Bank of America Borrowers Chase Citigroup Forebearance Wells Fargo 2020-08-06 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Share Save Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How to Streamline Mortgage Servicing Next: Demographic Impacts on Housing, Economic Security Sign up for DS News Daily in Daily Dose, Featured, News Home / Daily Dose / Big Four U.S. Banks Report Widespread Loan Deferralcenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Big Four U.S. Banks Report Widespread Loan Deferral As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear, Bloomberg L.P. reported.JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., and Wells Fargo & Co. disclosed deferral details within their second-quarter filings with the U.S. Securities Exchange Commission.“Uncertainty over the length of the pandemic and resulting economic crisis have made it difficult for banks to determine how many loans are likely to sour,” noted Stephen Lubbers for Bloomberg L.P. “JPMorgan, Bank of America, Citigroup, and Wells Fargo set aside more than $32 billion for loan losses in the second quarter, close to a record, signaling that relief programs may not be enough to stave off a flood of bad debt.”Deferral programs differ among account types and banks. JPMorgan Chase & Co., for example, has offered clients rolling, three-month deferrals for up to a year on residential mortgages.The four biggest U.S. banks vary on how they report payment deferrals and loan modifications, and the total balance of financing with deferred payments is likely higher than the aforementioned $151.5 billion.Deferrals on residential mortgages and home-equity loans were a common theme for all four banks. The majority of Wells Fargo’s consumer deferrals were on a combined $35 billion of first and second mortgages, representing 12% and 10% of each loan type, respectively. Almost 9% of JPMorgan’s residential real estate portfolio was subject to payment deferrals, representing nearly three-quarters of the total $28.3 billion of consumer loans in deferral.Wells Fargo reported $44.2 billion of consumer loans in deferral at midyear. The bank reported only that it modified $38.2 billion of commercial loans without disclosing the amount remaining in deferral by June 30.Citigroup modified about $20 billion of consumer loans globally as of June 30. Bank of America, which provided figures as of July 23, was deferring payments on $7.7 billion in commercial loans and $28.5 billion in consumer and small-business debt.Last spring, reportedly, millions of households narrowly avoided financial devastation thanks to the banks’ rapidly rolled-out forbearance programs, part of an effort to avert a massive wave of defaults by borrowers who began losing income when states locked down commerce to slow the virus. August 6, 2020 1,862 Views Related Articles Tagged with: Bank of America Borrowers Chase Citigroup Forebearance Wells Fargolast_img read more

Thousands to attend Road Safety Roadshows

first_img WhatsApp Previous articleFermanagh IRA victims meet Taoiseach to discuss lax securityNext articleNI plastic bag charge will lead to 10 new jobs in Derry News Highland Pinterest Thousands to attend Road Safety Roadshows Twitter Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal In excess of 3,000 secondary school pupils from across Donegal will attend the annual, award winning Road Safe Road Show in the Aura Leisure Centre in Letterkenny today and tomorrow.Donegal County Council in association with the Donegal Road Safety Working Group host the hard hitting shows.They show in graphic detail the consequences of a road traffic collisions through presentations from the emergency services, people who have lost loved ones and those involved in crashes themselves.Donegal Road Safety Officer Eamon Browne says the shows are very effective:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/eamampm.mp3[/podcast] Google+ Dail to vote later on extending emergency Covid powers WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released center_img HSE warns of ‘widespread cancellations’ of appointments next week Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR By News Highland – October 16, 2012 Facebook Twitter Dail hears questions over design, funding and operation of Mica redress scheme News Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Saudi Arabia, Tibet report H5N1 outbreaks

first_imgJan 30, 2008 (CIDRAP News) – Agriculture officials in Saudi Arabia and Tibet reported new H5N1 avian influenza outbreaks yesterday, as India struggled to keep the virus out of Calcutta and Bangladesh officials said outbreaks have spread to yet another district.Saudi Arabia’s agriculture ministry said yesterday the H5N1 virus struck a farm in Kharaj province, south of Riyadh, the capital, according to an Associated Press (AP) report today. The ministry said it culled 158,000 chickens to control the outbreak.A statement from the ministry said about 475 workers were tested for the H5N1 virus, but no infections were found, the AP reported.Saudi Arabia’s last H5N1 outbreaks, reported in November, also occurred near Riyadh, including in Kharaj, according to a report from the World Organization for Animal Health (OIE).Elsewhere, China’s agriculture ministry yesterday reported a poultry outbreak in southwestern Tibet that killed 1,000 birds, according to a report yesterday from the OIE. The outbreak was detected in Gongga, where 13,080 birds, consisting mainly of broiler hens along with 400 ducks, were culled, the report said.Tibet’s last outbreak was reported in March 2007, according to an OIE report. China recently lifted a quarantine in the Xinjiang, which neighbors Tibet, according to an AP report. The Xinjiang outbreak, which began in late December, also struck a broiler chicken operation, according to the OIE.Elsewhere, workers in India sprayed roads and markets and culled birds to prevent H5N1 outbreaks in in Calcutta, the densely populated capital of West Bengal, where the number of districts reporting outbreaks remains at 13, according to a Reuters report today.Anisur Rahaman, West Bengal’s animal resources minister, told Reuters that authorities were culling chickens on a farm about an hour from Calcutta. “We are not taking chances, as the farm reported bird deaths and preliminary tests suggested bird flu,” he said.Meanwhile, Rahaman said he has asked India’s central government to allow West Bengal to seek international help in its battle to contain H5N1 outbreaks, Agence France-Presse (AFP) reported today.”We need foreign help to stem the deadly virus, which is spreading at an alarming rate,” he told AFP. “I have urged the chief minister to have talks with the federal government so that we can approach the United States and China for help.”Elsewhere, livestock officials in Bangladesh today reported an H5N1 outbreak in Khulna, about 87 miles southwest of Dhaka, the capital, the private news agency UNB reported, according to Xinhua, China’s state news service. Officials collected samples from sick and dead birds after 14 chickens died at a home in the city last week, Xinhua reported.With the new outbreak, 30 of 64 Bangladeshi districts have reported recent H5N1 outbreaks, according to Xinhua.In other developments, animal health officials in the United Kingdom today released a final epidemiologic report on the H5N1 outbreak in mute swans at a swan sanctuary in Dorset County. The 21-page report from the UK Department of Environment, Food, and Rural Affairs (DEFRA) said a genetic analysis showed that the H5N1 subtype that infected six swans closely resembled isolates found in mid to late 2007 in other European outbreaks, including the Czech Republic, Romania, and Poland.Surveillance that followed the outbreak in swans found no evidence of infection in domestic birds, the DEFRA report said. Though the source of the swan infections has not been determined, the agency said the virus was probably spread by migratory birds that also inhabit the swan sanctuary and other nearby wetlands.Soon after releasing the report, DEFRA announced that a seventh swan at the sanctuary had tested positive for the H5N1 virus. The swan was collected on Jan 24 during routine surveillance, and the identification of other infected birds is not unexpected, DEFRA said in a press release. Enhanced surveillance in the area is continuing, it said.See also:OIE reports on 2008 outbreaks in Saudi Arabia and ChinaJan 30 DEFRA epidemiologic report on Dorset County outbreakJan 30 DEFRA press release on seventh infected mute swanlast_img read more