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Credit crunch's impact worrisome as record commercial loans come due
A record amount of commercial real estate loans coming due in Texas and nationwide the next three years are at risk of not being renewed or refinanced, which could have dire consequences, industry leaders warn.

Commercial real estate woes threaten banks
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.

Wilbur Ross: I will buy a bank
Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank.

Businesses Seek Tax Break on Canceled Debt Like Homeowners Got
The provision would let solvent businesses negotiate new terms with lenders, lowering the amounts they owe, without being required to pay taxes on the forgiven portions of the loans.

Asia Stocks Rise on Expectation U.S. Spending Will Boost Growth
Jan. 7 (Bloomberg) -- Asian shares rose, driving up the benchmark index by the most in three weeks, on speculation U.S. President-elect Barack Obama’s stimulus plan and tax cuts will revive growth in the region’s largest export market.

Mortgage refinancing skyrockets
With U.S. mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky.

Sandy Spring Bancorp Names New Chief Executive
Sandy Spring Bancorp has promoted its president and chief revenue officer to chief executive, carrying through with a succession plan intended to keep the Olney-based company independent.