Two home-building partners are caught in the middle — againWednesday, July 28, 2010 @ 7:48PMFirst, Richard Ashby and Lawrence Redman were slammed by the recession. Now their failed $40-million loan from IndyMac Bank for a Menifee project is at the center of an FDIC suit targeting bankers. Southern California home builders Richard Ashby and Lawrence Redman were running short on resources, but not ambition.
Police suspect woman of stealing 25 identitiesWednesday, July 28, 2010 @ 6:06PMShe's just one woman, but local police think she's swiped a couple dozen identities all over Kentuckiana, all with the same first name. What's more, the banks involved, may not even realize it yet.
Demonising public debt has some merit, but it's way overdoneTuesday, July 27, 2010 @ 6:42AMAustralia's deficit is tiny, and if anything we've been too frugal.
Latvia's Personal Bankruptcy Law Won't Impact Nordic Lenders, Nordea SaysTuesday, July 27, 2010 @ 6:28AMA Latvian personal bankruptcy law passed by parliament yesterday won’t hurt Nordic lenders because provisions set aside for bad loans will cover the impact of the bill, according to Nordea Bank AB.
Asia Markets: Japan earnings likely to be brighterMonday, July 26, 2010 @ 10:45PMJapanese shares trade broadly higher, ahead of what many believe will be a brighter round of earnings reports, with reports in the Japanese business daily Nikkei and analysts tipping higher earnings ahead for exporters as cost cuts largely offset the effects of a stronger currency.