Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
This month marks the 10th anniversary of the financial meltdown. However, a critical turning point took place on a single night at the Capitol when the banking system was within hours of shutting down ATMs across the country.
The Market Composite Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2 percent compared with the previous week.
In a story March 12 about a provision in a Senate bill that would exempt many U.S. banks from reporting requirements for mortage data, The Associated Press reported erroneously that the data that would be exempt included the loan applicant's race and sex.
Opposition to the recently announced tariffs on steel and aluminum imports is beginning to emerge from the construction industry. President Donald J. Trump announced last week that he would be imposing a 10 percent tariff on aluminum and 25 percent on steel.
This month marks the tenth anniversary of the $29 billion US government-backed bailout of Bear Stearns. The collapse of this giant investment bank in March 2008, under the weight of its bad mortgage-linked bets, marked the beginning of the global financial crisis.
Ten years after a financial crisis rocked the nation's economy, the Senate is poised to pass legislation that would roll back some of the safeguards Congress put into place to prevent a relapse. The move to alter some key aspects of the Dodd-Frank law has overwhelming Republican support and enough Democratic backing that it's expected to gain the 60 votes necessary to clear the Senate.
* Ultra Electronics: British defence contractor Ultra Electronics said it terminated the $234 million acquisition of Sparton Corp following an unfavourable anti-trust review outcome from the U.S. Department of Justice. * ROYAL BANK OF SCOTLAND: Britain's Royal Bank of Scotland could reach a multi billion-dollar settlement with the U.S. Department of Justice over its mis-selling of toxic mortgage-backed securities within weeks, Sky News reported on Friday, citing sources.
Royal Bank of Scotland has reported a bottom-line profit for the first time in a decade, but warned that a pending settlement with the US Department of Justice could hit 2018 results. The lender swung out of the red to report a A 752 million profit for 2017, marking a major improvement on the A 6.95 billion loss which the lender reported a year ago - one of the biggest since its Government bailout in 2008.
Royal Bank of Scotland has reported a 752 million annual profit, with the lender swinging out of the red for the first time in a decade. Royal Bank of Scotland has reported a 752 million annual profit, with the lender swinging out of the red for the first time in a decade.
Royal Bank of Scotland has reported a A 752 million annual profit, with the lender swinging out of the red for the first time in a decade. The figure compares to a A 6.95 billion loss which the lender reported a year ago, which was one of the biggest since its Government bailout in 2008, as it dealt with conduct charges, legacy and restructuring costs.
While millions of hard-working people lost their jobs, their homes, and their life savings, the big banks got a $700 billion no-strings-attached bailout from the American taxpayers. A bailout and nobody went to jail for causing the worst financial crisis since the Great Depression.
Britain's biggest banks will reveal annual figures this week after another eventful year for the sector, clouded once more by mis-selling scandals and controversy over past misdeeds. The performance of state-backed Royal Bank of Scotland, which reports on Friday, will hinge on whether the lender is hit by a pending settlement with the US Department of Justice over claims it mis-sold risky mortgage-backed securities in the run-up to the financial crisis.
Before you start perusing real estate websites looking for your dream home, you first need to get serious about your money. Check your credit, save some cash and design a budget you can live with and you'll be on your way to buying your first place.
Since 1989, Chautauqua Area Habitat for Humanity has been building or rehabilitating houses in our county for working families who have never before owned a house. For these families, there is little doubt that ownership is far preferable to renting.
Five months after Hurricane Harvey damaged thousands of houses in Te... . Jacob Lerma looks up at the mold growing on the ceiling of his home, which was damaged by floodwaters from Hurricane Harvey, Monday, Jan. 22, 2018, in Friendswood, Texas.
Sen. Susan Collins explained her vote to pass the recent tax bill citing the expert advice she received from Glenn Hubbard, dean of the Columbia Business School, and Douglass Holtz-Eakin, a Republican policy adviser and president of the American Action Forum. "Even the joint committee on taxation has projected that the tax bill would stimulate the economy to produce hundreds of billions of additional revenue.
Among the 11 million undocumented immigrants in the United States today, 60 percent have lived here for a decade or more. Many have built deep family and community ties, through U.S.-citizen spouses, children, jobs, homes and mortgages.
Jennings recently stepped down from her position as New Castle County Chief Administrative Officer to prepare for her campaign. Jennings previously served as Chief Deputy AG at the Delaware AG's office and spent over two decades working for the state Department of Justice.
Backers of a bill aimed at cracking down on mortgage lending companies targeting veterans say the measure is gaining support. The bill's sponsors - U.S. Sens. Elizabeth Warren and Thom Tillis - said Thursday the goal is to protect veterans, particularly those who purchase homes through a U.S. Department of Veterans Affairs home loan program.