Archive for July, 2010

Citi Pays $75 Million in Fines Over Subprime Disclosures

Thursday, July 29th, 2010

The Securities and Exchange Commission on Thursday charged financial giant Citigroup (C) with misleading investors over the bank's failure to disclose its massive exposure to subprime mortgage-related securities during the height of the financial crisis. The bank settled with the agency, agreeing to pay $75 million in fines and charges.---read ...

Wells Fargo 2Q profit rises as bad loans ease

Wednesday, July 21st, 2010

(AP:NEW YORK) Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo & Co.'s second-quarter profit by 12 percent.---read the article

After two rate hikes, what’s next for Bank of Canada?

Tuesday, July 20th, 2010

How high and how fast will rates move? Plus, what keeps David Rosenberg awake at night. And, why getting a U.S. mortgage is tougher when you're pregnant---read the article

Obama’s Job Rating Takes Dive With Dems

Thursday, July 15th, 2010

Fox News Poll: Most Americans see little benefit from the federal economic stimulus plan, as Obama's job performance rating drops overall, hitting new low among Democrats Senate Clears Wall Street Bill Foreclosures to Claim 1M-Plus Homes | YOU DECIDE: What's Fueling the Crisis?---read the article

Will More Saving Help or Hurt the Recovery?

Monday, July 12th, 2010

An interview with an economist who thinks the benefit outweighs the harm. Credit card - United States - Debt - George Mason University - Economic---read the article

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