Bad Credit Equity Loans News
- Citigroup mulls over sale options Friday, November 21, 2008 @ 11:57PMCITIGROUP Inc.’s board was set to meet yesterday to discuss the bank’s options, a person familiar with the matter said, after chief executive Vikram Pandit’s efforts to rebuild investor confidence failed to halt the stock’s descent to a 15-year low.
- Mounting Woes at Citigroup Began With Bank?s Failed Bid for Wachovia Friday, November 21, 2008 @ 9:23PMIn a stunning turnabout, the banking giant has sunk to its knees and left it running short on time and options.
- Reflation Challenge & Gold Wednesday, November 19, 2008 @ 8:44PMA major challenge looms large on the immediate horizon. The USEconomy must be reflated in order to avoid collapse. Debts have become a crippling factor.
- Wall Street sinks to lowest since 2003 Wednesday, November 19, 2008 @ 8:11PMNEW YORK -- Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
- Pearlstein: The Bailout for Detroit Wednesday, November 19, 2008 @ 5:00PMWashington Post columnist Steven Pearlstein was online Wednesday, Nov. 19 at 11:00 a.m. ET to discuss the automotive bailout.
- Wall Street sinks to lowest since 2003 Wednesday, November 19, 2008 @ 4:23PMLATEST: US stocks have plunged to their lowest levels in five-and-a-half years as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
- (AFX UK Focus) 2008-11-19 21:58 US STOCKS-Wall Street sinks to lowest since 2003 Wednesday, November 19, 2008 @ 4:04PMBy Leah Schnurr
- How Does Dow Drop Compare In Timeline? Wednesday, November 19, 2008 @ 3:54PMTake a look at the recent events in the U.S. financial crisis.
- Wall Street sinks to lowest since 2003 Wednesday, November 19, 2008 @ 3:43PMU.S. stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
- Vietcombank plans zero growth on this year’s mobilization Wednesday, November 19, 2008 @ 3:17AMVietNamNet Bridge – The giant Bank for Foreign Trade of Vietnam, or Vietcombank, has sought shareholders’ approval to revise some scheduled business figures for this year, including no growth in mobilization for the year.
- US eases loan repayment terms for homeowners Wednesday, November 19, 2008 @ 1:57AM Hundreds of thousands of American homeowners are to make lower mortgage repayments under a sweeping programme of loan renegotiations brokered by the US government to slow down the rate of property repossessions. Treasury officials yesterday announced a programme restricting repayments to 38% of household income for many borrowers. The arrangement will involve loans packaged by the mortgage ...
- Credit crisis cuts off bankruptcy as lifeline for struggling companies Wednesday, November 19, 2008 @ 12:34AMHarsh as it is, a bankruptcy filing has always offered a glimmer of hope for a business hobbled by debt or a downturn. A company could slim down, negotiate manageable payments to workers and suppliers and keep going, preserving jobs. But the credit crisis has trampled on that dream.
- Rubin Failure on Swaps Dims Odds Obama Will Rein In Wall Street Tuesday, November 18, 2008 @ 11:01PM Nov. 19 (Bloomberg) -- During the height of the financial crisis in late September, some of Barack Obamaâ€s campaign advisers pushed him in a conference call to distance himself from Treasury Secretary Henry Paulson. The former Goldman Sachs Group Inc. chief executive officer, they warned, was too close to President George W. Bush and Wall Street.
- US treasury head defends changes to bailout plan Tuesday, November 18, 2008 @ 7:42PMThe US Treasury Secretary Henry Paulson has been grilled by Congress about his handling of a $US700 billion financial rescue package.
- Recession Fears Float Bonds Tuesday, November 18, 2008 @ 5:31PMInvestors turn to Treasuries as morose homebuilders and sliding wholesale prices spur recession fears.
- Paulson questioned on bailout backflip Tuesday, November 18, 2008 @ 5:29PMUS Treasury Secretary Henry Paulson has been grilled by Congress about his handling of a $US700 billion financial rescue package.
- AM Doha Time Tuesday, November 18, 2008 @ 3:35PMHONG KONG: Asian stock markets tumbled yesterday as fears of a painful global recession were reinforced after US banking giant Citigroup slashed 50,000 jobs and the financial crisis showed no sign of easing.
- Dimon: Recession will be worse than meltdown Wednesday, November 12, 2008 @ 8:37PMJPMorgan Chase CEO outlined his dire economic outlook to a banking conference.
- Paulson Shifts Focus of Rescue to Consumer Lending (Update6) Wednesday, November 12, 2008 @ 7:59PMNov. 12 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued mortgage assets.
- Computer Modelling Group Announces Second Quarter Results Wednesday, November 12, 2008 @ 6:34PM CALGARY, ALBERTA-- - Computer Modelling Group Ltd. is very pleased to announce our results for the second quarter and the six months ended September 30, 2008.
- Asian Stocks Fall as Earnings Outlook Worsens; Confidence Drops Tuesday, November 11, 2008 @ 1:05AMNov. 11 (Bloomberg) -- Asian stocks dropped on concern the outlook for company earnings is worsening after Citizen Holdings Co. cut its profit forecast, Alumina Ltd.
- AmEx approved as bank holding company Tuesday, November 11, 2008 @ 1:03AMThe Federal Reserve approved AmEx to become a commercial bank.
- AmEx approved to become bank holding company Tuesday, November 11, 2008 @ 12:28AMWASHINGTON -- American Express wants your deposits. The Federal Reserve on Monday granted AmEx’s request to become a commercial bank, opening the door for the credit card giant to accept deposits and permanently access financing from the Fed.
- GM shares hit 60-year low Monday, November 10, 2008 @ 11:40PMDETROIT - Bad news kept piling up for General Motors Corp. Monday as its shares plunged to their lowest point in 60-plus years, and the company said in a government filing that the mortgage unit of its finance arm may not survive. The company also said Delphi Corp.
- American Express approved to become bank holding company Monday, November 10, 2008 @ 11:23PMWASHINGTON — American Express wants your deposits.
- Global crisis: businesses abandon hope Monday, November 10, 2008 @ 10:26PMConfidence crashes to record low.
- The Housing Crisis Remains Barack Obama’s Most Immediate Problem Saturday, November 8, 2008 @ 6:07PMThere are possible solutions to the problem, but the president-elect must move quickly.
- How you can take control of college costs Saturday, November 8, 2008 @ 1:43PMCHICAGO -- A number almost as scary as 401 — as in 401(k) — for parents with college-bound children these days is 529. The stock market swoon that has shrunk retirement savings by double digits this fall also has put a big dent in Section 529 savings plans, the state-sponsored programs for college costs that offer significant tax breaks, as well as other accounts earmarked for college savings.
- Las Vegas Sands Drowning in Debt, Fidelity, Mattel Plan Layoffs Saturday, November 8, 2008 @ 1:06PMFinding the proverbial silver lining in today’s economy gets harder and harder as the markets continue their downward slide and one of the nation’s most successful casinos – the Las Vegas Sands – may be sinking in a financial quicksand.
- The Problem With Deleveraging Saturday, November 8, 2008 @ 11:58AMIn general, we consider it a good thing to save money and to "owe no man anything save love." But what happens when a debt-happy society wakes up and decides that saving is a good thing for everybody? What happens when banks and hedge funds decide (or are forced) to reduce their debt?
- JPMorgan sees consumer loan defaults rising Friday, November 7, 2008 @ 6:31PMNEW YORK (Reuters) - JPMorgan Chase & Co said on Friday it expects consumer loan defaults to increase in the current quarter and sees higher loan loss provisions.
- US weighs buying AIG equity, insured bonds Friday, November 7, 2008 @ 6:24PMThe United States government is looking at buying several billion dollars of preferred shares from American International Group and possibly acquiring billions more of bonds guaranteed by the insurer, a source familiar with the matter said on Friday.
- JPMorgan sees consumer loan defaults rising Friday, November 7, 2008 @ 4:07PMJPMorgan Chase & Co said on Friday it expects consumer loan defaults to increase in the current quarter and expects to set aside more money to cover bad loans.
- Wells Fargo Prices $11B Offering At $27 Per Share Thursday, November 6, 2008 @ 7:53PMWells Fargo & Co. on Thursday priced an $11 billion offering of common stock at $27 per share, in an effort to maintain a strong capital position as it absorbs the operations of Wachovia Corp.
- Hamish McRae: The world is now heading towardsan era of much cheaper money Thursday, November 6, 2008 @ 7:06PM They have hit the panic button. The Bank of England has gone on to red alert. But there is, I am afraid, no quick fix.
- Wells Fargo prices $11B offering at $27 per share Thursday, November 6, 2008 @ 6:21PMWells Fargo & Co. on Thursday priced an $11 billion offering of common stock at $27 per share, in an effort to maintain a strong capital position as it absorbs the operations of Wachovia Corp. The offering of 407.5 million shares was priced at a 6.2 percent...
- Analysts warn EU banks still need injections Thursday, November 6, 2008 @ 5:28PMThe forecast underscores how European banks, which have already raised €117bn to strengthen their balance sheets this year, remain vulnerable to a prolonged recession that would bring a sharp increase in bad debts.
- EZCORP Announces Fiscal 2008 Fourth Quarter and Yearend Results Thursday, November 6, 2008 @ 4:50PM EZCORP, Inc. announced today results for its fourth fiscal quarter and 2008 fiscal year, which ended September 30, 2008.
- ShawCor Announces Third Quarter 2008 Results Thursday, November 6, 2008 @ 4:02PM News, SCL.B - News)
- $A7 billion bank losses loom in credit crunch fallout Thursday, November 6, 2008 @ 3:52PMAbout A$7 billion in losses loom for Australian banks as fallout from the credit crisis and a slowing economy are set to turn more corporate loans bad.
- Stocks plunge anew as recession worries resurface Wednesday, November 5, 2008 @ 8:18PMA case of postelection nerves sent Wall Street plunging Wednesday as investors looked past Barack Obama’s presidential election and returned to fears of a deep and protracted recession.
- Stocks plunge anew as recession worries resurface Wednesday, November 5, 2008 @ 8:14PM A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama’s presidential victory, returned to their fears of a deep and protracted recession.
- Stocks plunge anew as recession worries resurface Wednesday, November 5, 2008 @ 7:04PMA case of postelection nerves sent Wall Street plunging Wednesday as investors absorbed a stream of bad economic news abd wondered how a Barack Obama presidency will help the country weather a possibly severe recession.
- Singapore’s financial dream Wednesday, November 5, 2008 @ 6:58PMBadly hit Putting together the chaos the global meltdown has caused to the city’s financial ambition. Asia Times. Nov 6, 2008 By Megawati Wijaya Singapore - When USA and Europe showed early signs of financial distress last year, Singapore came to the rescue of a handful of big investment banks hit by subprime mortgage problems.
- Integrys Energy Group Reports 2008 Third Quarter Financial Results Wednesday, November 5, 2008 @ 6:30PM Integrys Energy Group, Inc. recognized a loss from continuing operations on a GAAP basis of $58.4 million for the quarter ended September 30, 2008, compared with income from continuing operations on a GAAP basis of $11.6 million for the quarter ended September 30, 2007.
- Recession fears grip markets again Wednesday, November 5, 2008 @ 5:29PMUS stock prices have plummeted amid renewed recession fears, underlining the economic challenges Barack Obama faces as the next US president. Volatility returned to the market on Wednesday, with the Dow Jones industrials falling by more than five per cent.
- Superior Plus Announces a 20% Increase in Third Quarter Distributable Cash Flow per Unit and Updates 2008/2009 Annual ... Wednesday, November 5, 2008 @ 5:17PM Highlights
- RBA cuts rates again Monday, November 3, 2008 @ 10:26PMThe Reserve Bank of Australia (RBA) has slashed interest rates by 0.75 of a percentage point.
- Stocks end quiet session mixed ahead of election Monday, November 3, 2008 @ 9:52PMStocks ended the calmest session in recent memory with a narrowly mixed performance Monday as investors looked past a weak reading on the manufacturing sector and focused on the election.
- US stocks end quiet session mixed ahead of election Monday, November 3, 2008 @ 7:40PMNEW YORK - Wall Street ended the calmest session in recent memory with a narrowly mixed performance Monday as investors largely looked past a weak reading on the manufacturing sector and focused on the election.