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- Luxury property prices dropped due to tighter credit, rising unemployment, negative investor sentiment and falling home prices, the Alliance Group said on Tuesday. Spokesperson Rael Levitt said even those with ultra-luxury homes were being forced to ...
- A sentiment index of Australian consumer confidence rose 8.3% in April by the most in eight month as concerns about the global economy eased. But the AUD/USD fell more than 0.70 % in the morning session after a gain of 0.49 % the previous day. The ...
- April 8 (Bloomberg) -- The Federal Reserve may offer investors longer-term loans at higher interest rates to buy commercial mortgage-backed securities, aiming to protect the central bank’s balance sheet while acceding to an industry plea. Lobbyists ...
- NEW YORK (Dow Jones)--E*Trade Financial Corp. (ETFC) posted a $50.5 million net loss as the online broker and lender nearly tripled its provision for bad loans in the third quarter. E*Trade set aside $518 million in the period to offset current and ...
- Business seemed brisk at Cabinets by Design, which sells kitchen, bathroom and storage remodeling packages, until the last week in September. As the credit markets froze, Congress wrestled with a bailout package and the stock markets went berserk ...
- I'd like to take a step back from the day-to-day gyrations of the unstable and volatile markets to take in the bigger picture. We have, for an entire generation, been indoctrinated of the notion that stocks are the best long term investment. Indeed ...
- THIS summer, when the Treasury secretary, Henry M. Paulson Jr., sought help navigating the Wall Street meltdown, he turned to his old firm, Goldman Sachs, snagging a handful of former bankers and other experts in corporate restructurings. Photo ...
- SAN ANTONIO, Texas : A grandson of Mexican immigrants and a former mayor of this town, Henry Cisneros has spent years trying to make the dream of homeownership come true for low-income families. As the Clinton administration's top housing official in ...
- PNC Financial Group Inc.'s 39 percent drop in third-quarter net income showed that the Pittsburgh-based bank with major operations in the Philadelphia region has not escaped the turmoil that has remade the nation's financial industry in recent weeks ...
- WASHINGTON--( BUSINESS WIRE )--The Washington, D.C., office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of 1620 L Street, a 164,079-square-foot Class A office building in Washington, D.C. The HFF investment sales ...
- Brookline Bancorp, Inc. (the "Company") (NASDAQ: BRKL ) announced today its earnings for the 2008 third quarter and approval by the Board of Directors of a regular quarterly dividend of $0.085 per share payable November 14, 2008 to stockholders of ...
- NEW YORK (AP) -- Citigroup Inc., suffering its fourth straight quarterly loss and forfeiting the title of largest U.S. bank by assets, is falling behind in the historic reshuffling of the U.S. banking system. Of the four major U.S. banks left ...
- Oct. 16 (Bloomberg) -- U.S. stocks swung between gains and losses after the biggest slump in industrial production since 1974 was offset by an advance in consumer companies as oil retreated below $70 a barrel. Caterpillar Inc., the world's biggest ...
- PITTSBURGH— PNC Financial Services Group Inc. on Thursday said its third-quarter profit fell 39 percent as it increased the amount it set aside to cover bad loans, and the number of loans in arrears rose. The bank said it earned $248 million, or 71 ...
- COLUMBUS, Ohio (AP) - Huntington Bancshares Inc. reported a 17 percent decline in third-quarter profit and cut its outlook for the remainder of the year, as the bank's loan portfolios continue to struggle amid a worsening economy. But results beat ...
- WASHINGTON, Oct 16 (Reuters) - U.S. Treasury Secretary Henry Paulson on Thursday said there were plenty of more banks eager for an equity injection under the government's $700 billion financial rescue, but they must lend it back out. "We got nine ...
- Wall Street struggled higher Thursday, after the latest reading on inflation came in slightly better than expected and weekly jobless claims showed a modest decline instead of the expected increase. The Labor Department said the consumer price index ...
- JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. Profit at the New York-based bank, considered one of the stronger players in the current ...
- By combining with Wachovia, Wells Fargo will have total deposits of $787 billion and more than 10,500 locations -- more than any of its rivals. (AP Photo) SAN FRANCISCO -- With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild ...
- Council salaries hit by bank collapses Carnage: Seven days that shook the world Is Gordon Brown cashing in on the markets crisis? Goodwin offers to resign to enable RBS to attract £10bn A £516 trillion derivatives 'time-bomb' Welcome to Iceland ...
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