All Entries Tagged With: "Banks"
Mortgage Broker Fees: The Maze Explained
Whenever you consider looking for a new home the first thing that you have to do is look at the mortgage rates and fees. There are two choices you have, to do all the legwork yourself,
What will it take to get banks lending?
As the government deliberate ways to make sure banks start lending again, data has been releases via the Forum of Private Business (FPB) that 43 percent of companies said that conditions attached to business loans are a lot worse than they thought and 47 percent of companies said that they have seen a rise in [...]
Are Banks open on Veterans Day?
November 11. Many US businesses will be closed on Veterans Day, all Federal Offices will be closed, State offices will also be closed, US courts will be closed, the Stock Market will be open although most traditional banks will be closed on Veteran Day, it’s been noted Wells Fargo, Bremer and TLF wil
Irish deposit guarantee: France could follow
As Ireland gained traction yesterday across Europe when the Irish government said they would guarantee all national bank deposits it’s likely that France will follow suit according to some
Wachovia looks for new Chief Financial Officer
Wachovia has announced today that Chief Financial Officer, Thomas J. Wurtz plans to leave the bank. The company has now started their search for his successor.
Robert K. Steel, President and CEO of
Northern Rock appoints Barclays Gary Hoffman
Gary Hoffman did not get the chief executive role at Barclays PLC back in 2003, but now Hoffman has now been appointed as chief executive at Northern Rock PLC., the troubled U.K. mortgage lender.
Ron Sandler, Northern Rock Executive Chairman decided to
Wachovia earnings cause the US Dollar to drop
The dollar has dropped against most of the major currencies, this was the result of the news that Wachovia Corp earnings were less than forecast.
Trade has been subdued, the day is very quiet in terms of
Citigroup's chairman to leave following management shake-up
Michael Klein, Citigroup’s investment banking chairman is to leave the bank, following a huge sake up of the company since Vikram S. Pandit was appointed as chief in December.
Citigroup has said that Klein is leaving to pursue other
HBOS Underwriters left with £2.6bn of stock
Following HBOS recent £4bn rights issue, their underwriters and sub-underwriters are now left with £2.6bn of the bank’s stock, as investors failed to purchase more than 30 percent of the shares from leftover cash.
Freddie Mac to cut purchases of home loans
Freddie Mac may have to cut purchases of home loans from banks and bonds which are backed by housing debt, the second-largest U.S. mortgage-finance company hopes that they will be able to shore up its capital amid record delinquencies.
Bradford & Bingley shareholder meeting as it happens
Martin Wainwright from the Guardian is at the Bradford & Bingley shareholder meeting, and will be reporting as it happens. The troubled lender is at the meeting asking for £400m so that they are able to survive this current downturn.
Was Alliance & Leicester hasty in Santander deal?
Alliance & Leicester was never a bank to worry the likes of Halifax or RBOS, however it still came as shock to many at how quick they agreed a deal with Abbey owners Banco Santander.
A&L investor has been hanging around for some time in the hope of their
FBI investigate IndyMac for fraud: home loans for risky borrowers
IndyMac is under investigation by the FBI, due to the bank being involved in fraud for home loans that were made to risky borrowers. The report from the Associated Press is not that clear on how long the FBI have been probing the bank, but we do know that the investigation is for IndyMac as [...]
Banks slammed for failing customers on current accounts
UK banks have been slammed by a key watchdog, as they feel that they have been failing customers. Many customers do not understand the interest on their current accounts; as a result they are missing out on a significant portion of the money generated.
1,800 Barclays Bank IT staff moving overseas
Barclays Bank has now confirmed that they are to move 1,800 IT staff overseas over the next three years. Some of these jobs will go to UK staff, but as yet Barclays have offered no more details of the terms and conditions of the new deal.
The bank did make a statement saying