The world’s biggest brokerage posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a low-volume market. On an adjusted basis, Morgan missed Wall Street’s forecast.
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The TARP bailout of financial firms has yielded a return of 8.2% in two years.
This return, $25.2 billion on an investment of $309 billion, beats what could have been gained by U.S. Treasuries, high-yield savings accounts and certificates of deposit, Bloomberg News reported.
When it was first announced, the TARP program was expected to cost the taxpayer billions of dollars. It is…
Continue reading TARP Investment Earned Taxpayers 8.2% in Two Years
TARP Investment Earned Taxpayers 8.2% in Two Years originally appeared on DailyFinance on Wed, 20 Oct 2010 07:04:00.
Filed Under: Company News, Economy, Investing, Taxes, Credit, Market News
The FBI is trying to determine if large lenders broke the law in the mortgage foreclosure crisis.
The agency is trying to determine whether individuals working for large mortgage lenders acted with criminal intent or were simply overwhelmed by events during the crisis, The Associated Press reported without naming its sources.
Attorneys general in all 50 states are currently…
Continue reading FBI Reportedly Investigating Foreclosure Crisis
FBI Reportedly Investigating Foreclosure Crisis originally appeared on DailyFinance on Wed, 20 Oct 2010 06:32:00.
Filed Under: Company News, Bank of America, Real Estate, Taxes, Credit
The consumer advocates at the Center for Responsible Lending have released a checklist of tough questions people should ask their banks to make sure their needs are being met — and and to ensure they aren’t paying unnecessary …
Goldman Sachs is expected to report a sharp drop in third-quarter earnings early Tuesday, due to a decline in trading activity in a market that’s been light on volume for months. Goldman is forecast to report adjusted earnings …