Mortgage and Financial News From 2008-7-19 Page 5
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How Bad Will It Get on Wall Street? - BusinessWeek
It has been a year since the global credit markets first seized up, and four months since the dismantling of Bear Stearns. Yet bad things keep happening, from the failure of IndyMac and the stock routs of Lehman Brothers ( LEH ) and others to the ...
2008-07-15 05:58:00 -
Citigroup soothes banking nerves - Guardian Unlimited
Fears of financial meltdown in the banking industry were soothed today by a smaller-than-anticipated loss at Citigroup , which revealed a sharp drop in liabilities arising from the global credit crunch. Citigroup, the biggest bank in the world by ...
2008-07-18 09:11:00 -
Spain’s Santander, barely touched by the credit crunch, swoops on ... - Times Online
EMILIO BOTIN, chairman of Banco Santander Central Hispano, has built a reputation as the wiliest of dealmakers after a string of audacious takeovers. In his quest to turn a domestic minnow into Europe’s second-biggest bank, he has had doubters at ...
2008-07-19 01:14:00 -
Canada financial system strong -BoC's Carney says - Reuters
OTTAWA, July 17 (Reuters) - Credit conditions in Canada have returned to somewhat normal levels, Bank of Canada Governor Mark Carney said on Thursday, adding that the country's banks are well capitalized and its financial system is strong. "The key ...
2008-07-17 08:58:00 -
Bank stocks look cheap, but buyers remain cautious (KBCI Boise)
In spite of a nearly 400-point surge in the Dow Jones industrials this past week, the market is expected to remain on edge for the foreseeable future.
2008-07-19 10:58:59 -
Is your family recession-proof? (Sunday Herald)
are feeling the financial squeeze as prices rise and the economy falters. The Consumer Prices Index (CPI), the government's preferred measure of inflation, jumped to 3.8% last month, surprising economists who had predicted a rise to 3.6%.
2008-07-19 11:00:24 -
Earnings deluge poses test for fragile Wall Street (Channel NewsAsia)
NEW YORK : A newly revived Wall Street faces a fresh test of momentum in the coming week with a wave of corporate results that may indicate whether the latest rebound is for real.
2008-07-19 11:10:04 -
The Inside Scoop (CBS News)
Get The Inside Scoop on what's happening at CBS News .
2008-07-19 11:30:01 -
Borrowers and Bankers: A Great Divide (New York Times)
The credit crisis has exacerbated a dangerous division between average borrowers and an elite slice of corporations, banks and executives enriched by the mortgage mania.
2008-07-19 12:08:14 -
Landlords, if Only by Accident (New York Times)
The housing market morass has created a new class of real estate investors: the unintentional landlords.
2008-07-19 12:52:54 -
Citigroup Puts Its Money Where Its Name Will Be (New York Times)
With high name recognition and a place among the world?s banking leaders, Citigroup hardly needed the Citi name plastered on a ballpark.
2008-07-19 12:53:34 -
Bush pressures Congress on gas (Denver Post)
CRAWFORD, TEXAS — Responding to Americans' anger over gas prices and the housing bust, President Bush is stepping up pressure on Congress to open up offshore oil exploration and work to
2008-07-19 01:52:41 -
Global stocks surge for a second day - International Herald Tribune
NEW YORK : Global stocks surged Thursday for a second day earnings at as JPMorgan Chase lifted the battered banking sector and a slide in oil prices to under $130 a barrel eased fears that inflation could run amok. Even though JPMorgan cautioned ...
2008-07-17 02:20:00 -
Second Day Rally For U.S. Stocks Market - CBS News
(MarketWatch) U.S. stocks rallied for a second day Thursday after oil dropped below $131 a barrel for the first time in six weeks and as financial shares surged higher, buoyed by J.P. Morgan Chase & Co.'s financial results, which beat forecasts. "The ...
2008-07-17 12:12:00 -
US mortgage firms safe, says Fed - BBC Business
In the second day of his semi-annual testimony to Congress, Mr Bernanke sought to allay fears that Fannie Mae and Freddie Mac, which between them guarantee nearly half of US mortgage debt, might run out of cash. Policymakers have always insisted the ...
2008-07-15 05:58:00