Mortgage and Financial News From 2008-6-18 Page 3
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Bad loans, bad news for Fifth Third - MSN MoneyCentral
(AP) - BAD LOANS, BAD NEWS: Mounting loan losses from the nation's housing and credit crisis spurred Fifth Third Bancorp to cut dividends by nearly two-thirds and move to raise $2 billion with a stock offering and the sale of some noncore businesses ...
2008-06-18 02:33:00 -
Legislation planned for reverse mortgages (Otago Daily Times)
Social Development Minister Ruth Dyson today said the Government was looking at a mandatory code of practice, to protect the elderly, for those offering reverse mortgages.
2008-06-17 08:33:11 -
Bill has unintended effect on reverse mortgages (The Spokesman-Review)
OLYMPIA – Whoops. A law unanimously approved by state lawmakers this spring is having some unintended consequences: It’s making it harder for people to find reverse mortgage loans.
2008-06-17 09:15:46 -
Business digest (The Cincinnati Enquirer)
Cincinnati Bell adds a phone/walkman, a seminar will focus on health-care planning, Northwest Airlines is reducing its staff and flights, and more.
2008-06-18 02:29:58 -
Cape Commerce (Cape Cod Times)
The Edward Bangs Kelley and Elza Kelley Foundation recently presented a $10,000 grant to Community Action Committee of Cape Cod & Islands.
2008-06-18 04:33:22 -
Fifth Third stock down 27% (The Cincinnati Enquirer)
Fifth Third Bancorp stock was off 27 percent on word that it planned to raise $2 billion and slash its dividend by 66 percent to deal with rising loan losses.
2008-06-18 05:46:25 -
Returning soldiers face a new threat (WALB Albany)
Columbus - (WTVM) Thousands of fort Benning solders just returned from Iraq, and many of them are facing a battle of a different kind here at home. Husbands and wives deployed for months at a time coming home to financial chaos and the possibility of losing their homes.
2008-06-18 09:52:32 -
FDIC chief calls for tighter investment bank rules (INO News)
(AP:WASHINGTON) A top U.S. banking regulator says the government must do a better job of planning for the failure of a large investment bank after the near-collapse of Bear Stearns Cos.
2008-06-18 01:06:40 -
FDIC seeks tighter investment bank rules (Contra Costa Times)
n Feds want oversight to be more like those with commerical banking
2008-06-18 02:30:28 -
Have Forecasts For Fed Rate Hikes Gone Too Far? (Daily FX)
Over the past week, the Fed’s scope for monetary policy has grown more difficult to discern; yet speculation of impending rate hikes has given little ground.
2008-06-18 03:54:18 -
BoE's Gieve quits as reforms announced (Interactive Investor)
Wed 18 Jun, 2008 22:51
2008-06-18 04:06:25 -
Banks' Dividends Domino; Fifth Third's Is The Latest (Forbes)
The regional bank cut its dividend by 66% and plans to raise more than $2B in extra capital.
2008-06-18 04:10:13 -
John Lowe, Debt and Debt Advice (The Epoch Times)
DEBT ADVICEQuestionHelp! My husband and I have dug ourselves into a financial hole. With spiralling bills, the rising price of our weekly shop and increasing interest rates that...
2008-06-18 04:21:04 -
Credit crunch could end up costing $1 trillion (MSNBC)
There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion eventually.
2008-06-18 05:04:44 -
Madan Sabnavis: Will inflation affect growth? (Business Standard India)
Will inflation affect growth? Past data have a different story to narrate. A question that keeps popping up time and again is whether or not growth will be affected this year on account of inflation.
2008-06-18 05:22:12