1. A few banks, like DBS Thai Danu, wiped out their debt problems by selling their portfolios of bad loans at deep discounts. 2. Government officials said they would sell the portfolio incrementally, but they offered little in the way of details. 3. He notes that the divestiture agreement required Fleet to weed out poor loans before it sold the portfolio to Sovereign. 4. If Wachovia does sell its portfolio, the proceeds could be dispatched elsewhere. 5. Liquidity will return to the market, real estate executives say, as Wall Street firms sell their portfolios of existing loans and start looking for new business. 6. Nippon sold the portfolio as part of a plan to close down international operations. 7. South Korean banks are closing their American branches and selling loan portfolios. 8. The company said it had not sold the portfolio. 9. The consumer lending business is centralizing operations, closing branches and selling a portfolio of loans, said company spokesman Bill McClave. 10. The portfolios have been sold exclusively to wealthy individual and institutional clients of Bankers Trust. |