Tag: banking
The Risks of the Mortgage Mess: The Banks’ View
by Abigail Field on Mar.02, 2011, under Towing
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual reports shed some light on their attitudes toward the mortgage mess.
Continue reading The Risks of the Mortgage Mess: The Banks’ View
The Risks of the Mortgage Mess: The Banks’ View originally appeared on DailyFinance on Wed, 02 Mar 2011 22:30:00.
Filed Under: Company News, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate
Peering Into the Peer-to-Peer Lending Boom
by Sheryl Nance-Nash on Feb.13, 2011, under Towing
For those who can’t get bank loans, the new business of peer-to-peer lending can be a lifesaver. Internet companies connect people who need cash with folks willing to lend — for a fair profit, of course. Here’s how it works, risks and all.
Continue reading Peering Into the Peer-to-Peer Lending Boom
Peering Into the Peer-to-Peer Lending Boom originally appeared on DailyFinance on Sun, 13 Feb 2011 09:00:00.
Filed Under: Economy, Investing, Investing Basics, Credit
Bank of America Hit With Foreclosure Lawsuit
by Hugh Collins on Feb.03, 2011, under Towing
Bank of America Corp. (BAC) is the subject of a lawsuit that accuses the bank of hiding foreclosure problems that contributed to a drop in its share price.
The suit, filed by a union benefit plan, says Bank of America concealed problems in its recording of mortgages, Reuters reported. This damaged investors when the company suspended foreclosure proceedings last year, the suit says.
“We are…
Continue reading Bank of America Hit With Foreclosure Lawsuit
Bank of America Hit With Foreclosure Lawsuit originally appeared on DailyFinance on Thu, 03 Feb 2011 08:32:00.
Filed Under: Company News, Bank of America, Real Estate, Credit
Citigroup Promotes John Havens to President and COO
by Dawn Kawamoto on Jan.19, 2011, under Towing
Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the number of executives who report directly to CEO Vikram Pandit.
Continue reading Citigroup Promotes John Havens to President and COO
Citigroup Promotes John Havens to President and COO originally appeared on DailyFinance on Wed, 19 Jan 2011 09:25:00.
Filed Under: Company News, Citigroup
S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks
by Danny King on Jan.11, 2011, under Towing
Standard & Poor’s is revamping its credit rating methodology for banks and financial institutions in a way that may cause about 40% of rated banks to get a downgrade, The Wall Street Journal reported Tuesday.
Continue reading S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks
S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks originally appeared on DailyFinance on Tue, 11 Jan 2011 15:51:00.
Filed Under: Economy, Investing, Credit, Market News
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