Alleged bank robber, 73, hit hard by economy, friend says
Alleged bank robber, 73, hit hard by economy, friend says
James Bruce, the 73-year-old man suspected of robbing three banks, is being held in a Hillsborough County jail on $22,500 bail.
Read more on South Tampa News & Tribune
West Linn mortgage broker pleads guilty to bank fraud
West Linn mortgage broker pleads guilty to bank fraud
U.S Department of Justice officials say fraudulent loan applications cost banks more than $240,000
Read more on The Oregonian
Bank of England: savings rates could fall further
Bank of England: savings rates could fall further
The Bank of England Governor suggests interest rates could remain at their all-time low well into next year.
Read more on Daily Telegraph
Ex-central bank chief warns on housing market
Ex-central bank chief warns on housing market
Canadian house prices are close to unsustainable levels and while rapid interest rate hikes may not be appropriate, the country’s housing agency should look carefully at which mortgages it insures, a former Bank of Canada governor said on Wednesday.
Read more on Reuters via Yahoo! Canada News
Bank bailout watchdog warns of commercial real estate crisis
Bank bailout watchdog warns of commercial real estate crisis
Bank bailout watchdog warns of commercial real estate crisisBank bailout watchdog warns of commercial real estate crisis
Read more on The Economic Times
Categories: mortgage meld Tags: bailout, Bank, Commercial, crisis, Estate, Real, Warns, Watchdog
Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery
Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery
Feb. 10 (Bloomberg) — Commonwealth Bank of Australia , the nation’s biggest lender, said fiscal first-half profit climbed 13 percent as fewer customers defaulted on loans and global markets recovered.
Read more on Bloomberg
Categories: mortgage meld Tags: Bank, Commonwealth, defaults, Fewer, Market, recovery, rises
Bank of China raises mortgage rates -paper
Bank of China raises mortgage rates -paper
BEIJING, Feb 3 (Reuters) – Bank of China <601988.SS> <3988.HK>, the country’s third largest bank by market capitalisation, has raised mortgage rates offered to first-home buyers, the Beijing News reported on Tuesday.
Read more on Reuters via Yahoo! Singapore News
Dodd: Bank Reform Talks Stalled
Dodd: Bank Reform Talks Stalled
Sen. Chris Dodd, D-Conn. said Friday he has asked his staff to draw up a bank reform bill since attempts to compromise with a key Republican have stalled.
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Failed Mutual Bank of Harvey owners sue FDIC for $33M
Failed Mutual Bank of Harvey owners sue FDIC for $33M
(Crain’s) — Family members who owned the failed Mutual Bank of Harvey have sued the Federal Deposit Insurance Corp., claiming the federal agency’s inaction cost them nearly $33 million. Pethinaidu Veluchamy, head of the direct-marketing company Veluchamy Enterprises, and his wife, …
Read more on Crain’s Chicago Business
Bank of China to issue 25 bln yuan sub bonds -sources
Bank of China to issue 25 bln yuan sub bonds -sources
SHANGHAI, Feb 3 (Reuters) – Bank of China <3988.HK> <601988.SS>, the country’s biggest foreign exchange lender, plans to issue about 25 billion yuan ($3.7 billion) in subordinated bonds sometime soon, banking sources said on Wednesday.
Read more on Reuters via Yahoo! Philippines News