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UK mortgage approvals dive to record low in November
British mortgage approvals for house purchases fell in November to their lowest since records began a decade ago, data showed yesterday, putting further pressure on policymakers to get banks lending a...
Big News Network

Forget mortgage borrowers, what about savers
One of my colleagues has a tracker mortgage with Alliance & Leicester, taken out at the height of the mortgage boom, which fixes his interest rate at 0.31 per cent below bank rate and has no &qu...
Big News Network

Market`s Dip Spares Banks
Financials were the session's silver lining after the Treasury said it planned to invest directly in banks.
Smartmoney

Flaherty, bank chiefs square off on lending
Charged atmosphere sets tone for Monday meeting
The Globe and Mail

Key gilt yield falls below 1 per cent for the first time on record
Gilt yields fell to a record low yesterday after a Bank of England survey showed lenders preparing to tighten credit further this year, boosting expectations of a big cut in interest rates next week. ...
Telegraph

Forex Trading Weekly Forecast - 01.05.09 (Daily FX)
US Dollar?s Lean Towards Bullish Break Comes Up Against NFPs Euro Could Break Higher Early in the Week, Data May Eventually Weigh Japanese Yen?s Future Depends On The Swells In Risk Trends British Pound Forecasts Bearish on Bank of England Rate Predictions Canadian Dollar Outlook Against US Dollar Muted on Crude Oil Tumbles
yahoo.com

After Hours: Synovus girds for loan losses, as Qimonda battles for listing
Synovus shares tumble after the banking company says it plans to set aside more funds for loan losses, laying blame on the Atlanta housing market, while chip firm Qimonda details its efforts to maintain an NYSE listing.
Telegraph

Failed IndyMac sold to investor group for $13.9B
Federal regulators say a group of investors has teamed up to buy the remnants of failed lender IndyMac Bank for $13.9 billion.
USAtoday.com

FDIC says it will sell IndyMac (Reuters)
The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP.
Telegraph

Madoff Took Funds Near Arrest
Madoff accepted $10 million from an investor just six days before he was arrested. Austria took over a bank that sank over $2 billion into Madoff's firm.
Wall Street Journal

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Archived "business - wells fargo bank" news stories.

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November 2009
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September 2009
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August 2009
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July 2009
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June 2009
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May 2009
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April 2009
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March 2009
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