{"id":103246,"date":"2019-01-24T01:14:11","date_gmt":"2019-01-23T18:14:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/metro-bank-shares-crash-after-loans-blunder-revealed\/"},"modified":"2019-01-24T02:06:14","modified_gmt":"2019-01-23T19:06:14","slug":"metro-bank-shares-crash-after-loans-blunder-revealed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/metro-bank-shares-crash-after-loans-blunder-revealed\/","title":{"rendered":"Metro Bank shares crash after loans blunder revealed"},"content":{"rendered":"


\nHundreds of millions wiped off value of company after it says loans were given wrong statusMetro Bank has revealed a major blunder in how it classifies its loan book, an admission that drove its share price down by nearly 40% on Wednesday, wiping \u00a3800m off the value of the company.The bank, which has been opening new branches as established rivals cut back, revealed that hundreds of millions of pounds of commercial property loans and loans to commercial buy-to-let operators had been wrongly classified in risk terms, and should have been among its \u201crisk-weighted assets\u201d (RWAs). Continue reading…
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\nSource : theguardian.com
\nRead more…Metro Bank shares crash after loans blunder revealed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hundreds of millions wiped off value of company after it says loans were given wrong...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103246","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qRg","jetpack-related-posts":[{"id":107721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-housing-loans-continue-to-fall-in-april\/","url_meta":{"origin":103246,"position":0},"title":"MAS: Housing loans continue to fall in April","date":"June 3, 2019","format":false,"excerpt":"\r Loans fell to $202.76 billion in April, from $203.38 billion in March.\u00a0\u00a0 Preliminary data from the Monetary Authority of Singapore (MAS) revealed that housing loans in Singapore fell for a third month in April, which resulted to a continued drop in consumer loans, reported The Business Times. Bridging loans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-creditor-minsheng-bank-pares-loans-to-developer-amid-concerns-about-leverage-default\/","url_meta":{"origin":103246,"position":1},"title":"China Evergrande\u2019s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default","date":"June 24, 2021","format":false,"excerpt":"\r China Evergrande\u2019s top bank creditor has reduced its exposure to the nation\u2019s most-indebted developer to assuage its own investors, a sign that local lenders have started to raise their guard against the risk of defaults.China Minsheng Banking Group, a major commercial lender, said its loan exposure to Evergrande has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94379,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-monster-mortgage-is-back-is-it-a-risk\/","url_meta":{"origin":103246,"position":2},"title":"The \u2018monster\u2019 mortgage is back \u2013 is it a risk?","date":"July 21, 2018","format":false,"excerpt":"\r A leading bank has begun offering first-time buyers loans of 5.5 times their income \u2013 and they only need a tiny depositAfter the financial crash struck in 2008, loans to first-time buyers were immediately slashed. There would be no more jumbo-sized mortgages of five times income or more. There\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-seeks-more-details-on-loans-for-property-projects\/","url_meta":{"origin":103246,"position":3},"title":"MAS seeks more details on loans for property projects","date":"January 10, 2018","format":false,"excerpt":"\r The Monetary Authority of Singapore (MAS) placed more scrutiny on the way banks are funding property development projects, by gathering more data from them via a new survey sent out last month, reported The Business Times. The move comes as developers made a slew of aggressive land deals last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-risk-of-crisis-despite-surge-in-philippine-property-loans\/","url_meta":{"origin":103246,"position":4},"title":"No risk of crisis despite surge in Philippine property loans","date":"September 28, 2016","format":false,"excerpt":"\r 75 percent of H1 property loans went to developers and contractors qvist\/Shutterstock Real estate loans released by financial institutions in the Philippines reached PHP1.138 trillion (USD23.6 billion) in the first six months of this year, an almost 20 percent jump from the same period last year, data released Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/about-90-of-buy-to-let-lenders-refuse-loans-to-benefit-claimants\/","url_meta":{"origin":103246,"position":5},"title":"About 90% of buy-to-let lenders refuse loans to benefit claimants","date":"October 22, 2018","format":false,"excerpt":"\r Landlords association tells government to persuade banks to end discriminatory practicesUrgent action is needed to tackle discrimination against benefit claimants by mortgage providers, according to the Residential Landlords Association (RLA), which has found 90% of buy-to-let lenders refuse a loan where a tenant is on housing benefit.On Saturday, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103246"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103246"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103246\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}