Bank Stocks Taking A Beating
One day before Wall Street giants Bank of America and Goldman Sachs report their quarterly earnings their stocks are getting hammered on concerns about the U.S. debt-ceiling and increased tension over the European debt crisis following bank stress test results.
Read more on Forbes via Yahoo! News
Citigroup posts 6th quarterly profit in 2Q
Citigroup Inc. turned a profit for the sixth straight quarter as losses from failed loans declined and lending increased in Asia and Latin America.
Read more on AP via Yahoo! News
Emigrant Fights Back Against Mortgage-Discrimination Suits
A few months after New York real estate prices peaked in late 2007, the owners of the three-family home at 1145 E. 80th Street in Brooklyn refinanced the $725,000 property, extracting $66,500 in cash after paying off the existing mortgage and outstanding bills.It was a typical transaction for Emigrant Savings Bank, the $12 billion (assets) bank owned by New York’s Milstein family. Also… Continue reading
New Financial Website CreditQ.com Offers Credit Cards and Many Other Financial Resources
Launched in February 2011, CreditQ.com isn’t your average online credit card review site. The new website describes itself as “a comprehensive guide and resource center” for business and personal use, a go-to reference guide for all things financial.Newport Beach, CA (PRWEB) July 13, 2011 Financial website CreditQ.com in Newport Beach, CA is offering consumers the ultimate in… Continue reading
Remarks by the President in Twitter Town Hall
Release Time: For Immediate Release Location: East Room 2:04 P.M. EDT MR. DORSEY: Good afternoon and welcome to the White House. I am Jack Dorsey, from Twitter. Through more than 200 million tweets per day, people around the world use Twitter to instantly connect to what’s most meaningful to them. In every country — Egypt and Japan, the UK… Continue reading
Investors Revel As Housing Looks For Bottom
Tony Alvarez recalls his doubts as he contemplated the wrecked, two-bedroom foreclosed house up for sale 30 years ago with his real estate agent’s reassuring hand on his shoulder.
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Mortgage servicing firms criticized for rampant problems
Errors, misbehavior point to need for reform Regulators, advocates cite errors and misbehavior, call for reform
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3 Big Mortgage Insurers At Risk
The private insurers who cover $700 billion of U.S. mortgages are facing an onslaught of foreclosures.
Read more on Smart Money
The Invisible Hand Has Lost Its Grip
? In The Wealth of Nations, Adam Smith, the 18th-century economist, invoked an enduring piece o
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MLB Capsules – Teams: Commentary – Take the Dodgers and leave McCourt parking lots
The mess begins in the parking lot, where the guy who made his money in parking lots collects $15 from every car that drives into Dodger Stadium. At least Frank McCourt understands that business, though he doesn’t seem to have a clue why not nearly as many cars are driving in these days.
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