Bad Credit Business Loans News
- Consumer watchdog on a shorter leash Tuesday, July 19, 2011 @ 8:16AMAgency's powers curbed awaiting Senate approval of new director nominee The federal government's new agency to protect consumers from financial fraud opens Thursday with a new director nominee on deck, but it won't be quite the aggressive watchdog promised a year ago.
- Nordea reports fall in profits Tuesday, July 19, 2011 @ 7:13AMSwedish-Finnish bank Nordea on Tuesday reported a 6 percent drop in net profits for the second quarter 2011, saying that improvements in banking activity had not compensated for a drop off in investments.
- Bank of America Reports $8.8 Billion Loss Tuesday, July 19, 2011 @ 6:18AMStory updated with additional information. The bank reported a net loss of $8.8 billion, or 90 cents a share. Analysts expected a loss of 90 cents per share. Excluding mortgages, net income was $3.7 billion, or 33 cents per share The bank closed trading Monday at $9.72. NEW YORK (TheStreet) -- Bank of America earnings continued to bleed from its mortgage operations in the second quarter. The ...
- Negative Interest Rates, Euro Disintegration, Fuel Gold's Historic Rally Monday, July 18, 2011 @ 1:16PMThe Federal Reserve has just ended its $600-billion Treasury bond-buying program, known as QE-2, and already, traders are trying to figure what new tricks the Fed might in the months ahead, in order counter a significant correction in the US-stock market in the second half of 2011. Including QE-1 and QE-2, the Fed pumped $2.35-trillion into the coffers of the Wall Street Oligarchs.
- Banks ramping up use of mobile technology Sunday, July 17, 2011 @ 11:13PMIt looks like 2011 will bring a significant increase in the number of Connecticut banks offering mobile banking technology.
- Citigroup’s profit jumps 24% in second quarter, beating forecasts Friday, July 15, 2011 @ 4:21PMCitigroup’s second-quarter profit jumped 24%, beating expectations, as the bank lost less money on bad loans.
- Citi profit beats forecasts, challenges remain Friday, July 15, 2011 @ 3:10PMNEW YORK (Reuters) - Citigroup Inc's second-quarter profit jumped 24 percent as the bank lost less money than expected on bad U.S. loans. Credit losses dropped 35 percent at the third-largest U.S. ...
- UPDATE 7-Citi profit beats forecasts, challenges remain Friday, July 15, 2011 @ 3:04PM* EPS $1.09 vs Street view 96 cents * Losses on bad U.S. loans are smaller than expected * Net income from main continuing businesses down 2 pct * Revenue falls nearly 7 pct but tops estimates * Shares ...
- Citi Profit Jumps 24 percent, Beats Forecasts Friday, July 15, 2011 @ 10:37AMRevenue from Citi's securities unit fell 8 percent from last year, but overall the bank's second-quarter profit jumped 24 percent as it lost less money than expected on bad U.S. loans.
- Strong summer on Gulf complicates spill payments Friday, July 15, 2011 @ 10:16AMWith tourism rebounding, BP is arguing that the formula used to determine compensation for businesses hurt in last year’s spill is too generous.
- Citigroup profit jumps 24 percent Friday, July 15, 2011 @ 10:13AMBy Maria Aspan
- Webster nearly doubles 2Q profits Friday, July 15, 2011 @ 9:26AMProfits at Waterbury regional bank Webster Financial Corp. soared 94 percent during the second quarter, as improved credit quality in the bank's loan portfolio provided a significant boost to the regional lenders bottom line.
- 12. Why Wall Street doesn't seem worried about default Thursday, July 14, 2011 @ 9:29PMNEW YORK (AP) — The CEO of a big bank says a U.S. default could be catastrophic for the economy. The head of the Federal Reserve warns of chaos. And a credit rating agency threatens to take away the country's coveted triple-A status.
- The outdated IMF kept in pocket by the BRICs and PIGs Thursday, July 14, 2011 @ 8:40PMAs the former Citibank head once declared, countries don’t go bust
- Wall Street appears unfazed by possible debt default Thursday, July 14, 2011 @ 8:06PMhe CEO of a big bank says a U.S. default could be catastrophic for the economy. The head of the Federal Reserve warns of chaos. And a credit rating agency threatens to take away the country’s coveted triple-A status. The response on Wall Street: So what?
- Doug Kass: JPMorgan Strength Not a Bull Sign for Banks Thursday, July 14, 2011 @ 7:01PMIf you're among those investors who think JPMorgan results transforms the landscape for banks, strategic investor Doug Kass has a bridge to sell you.
- The Business Matrix: Friday 15 July 2011 Thursday, July 14, 2011 @ 6:47PMYum Brands, the Kentucky-based owner of the fast-food restaurants KFC, raised its profit forecasts yesterday after reporting better-than-expected sales in China.
- UPDATE 7-JPMorgan profit rises, loan book grows Thursday, July 14, 2011 @ 4:11PM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 1.8 percent at close (Adds sale of 30-year bond, ...
- UPDATE 6-JPMorgan quarterly profit rises, loan book grows Thursday, July 14, 2011 @ 1:31PM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 2.8 percent in afternoon trading (Adds compensation ...
- For JPMorgan, forecasts matter more than results Thursday, July 14, 2011 @ 12:02AMBy David Henry
- First Place shares hit low Wednesday, July 13, 2011 @ 11:42PMBank works with regulators on new capital plans By Karl Henkel khenkel@vindy.com WARREN
- China Banks Seen Extending Slump on Investor Stake Sales Wednesday, July 13, 2011 @ 11:17PMChinese banks, the cheapest among major emerging markets’ lenders, may drop lower as overseas banks and funds trim stakes to meet capital rules and curb risks amid concerns that the nation’s record credit boom will unravel.
- Firms urged to focus on risk management Wednesday, July 13, 2011 @ 10:26PMOver the last few months, a number of financial and securities firms and local branches of commercial banks have encountered bad debt. This has raised concerns over corporate management.
- Alaska Congressional Delegation Split on ‘Doomsday Scenario’ of National Debt Default Wednesday, July 13, 2011 @ 9:29PMPresident Obama warned this week that if the nation defaults on its debt in August, social security checks might not get mailed out.
- Alaska News Nightly: July 13, 2011 Wednesday, July 13, 2011 @ 9:14PMGroups Accept Settlement over Endangered Species Suit, Alaska Congressional Delegation Split on ‘Doomsday Scenario’ of National Debt Default, Five Escape Sinking Fishing Vessel near Valdez, NPR-A and Sealaska Lands Bills Up for Vote in DC, and more...
- Reader Survey: CRE Recovery Made Moribund by Indecisiveness Wednesday, July 13, 2011 @ 1:49PMIf anything has been predictable about the 2011 commercial real estate market recovery, it's that it has been unpredictable. For a year that began with much promise following the increased leasing activity, thawing capital flow and widening investor interest that characterized the second half of last year, the momentum in the market seems to have flattened out. This has been more baffling than ...
- Avenue, Investure Add Cash While Awaiting Opportunities Wednesday, July 13, 2011 @ 11:46AMAlice Handy, founder of endowment manager Investure LLC, and Sonia Gardner, co-founder of distressed-debt firm Avenue Capital Group, are stockpiling cash.
- US debt crisis and eurozone troubles could overshadow phone hacking | Michael White Wednesday, July 13, 2011 @ 11:21AMWhile the media are busy focusing on the phone-hacking scandal there's a real possibility that an even bigger story is about to engulf us all Whenever the media become obsessed with one story, particularly a story about itself, there's a danger that we lose perspective about both the story's importance and, more important, other significant developments out there in the big bad world. There's a ...
- Settlements, lower trading to hurt 2Q bank earns Tuesday, July 12, 2011 @ 3:37PMThe largest U.S. banks - from JPMorgan Chase to Bank of America - have been busy settling lawsuits with investors in the second quarter, casting a pall over their upcoming financial results.
- Settlements, lower trading to hurt 2Q bank earnings Tuesday, July 12, 2011 @ 2:57PMNEW YORK — The largest U.S. banks — from JPMorgan Chase to Bank of America — have been busy settling lawsuits with investors in the second quarter, casting a pall over their upcoming financial results. Banks start reporting earnings on Thursday, with the healthiest of the large banks, JP Morgan Chase & Co. Most Wall Street analysts [...]
- Kia Reports 17.4% Increase In June Sales Monday, July 11, 2011 @ 5:27PMKia Motors announced Sunday the South Korean automaker saw a 17.4 percent sales increase in June.
- A Dismal Jobs Report And More Bad News Monday, July 11, 2011 @ 3:59PMI have to tell you some terrible things.
- Stuck in a market shadowland Monday, July 11, 2011 @ 3:32PMEconomies on both sides of the Atlantic are enveloped in a fog of debt and stockmarkets are paying the price. But while there's a way out of the darkness, political will is hard to come by. 12 Jul 2011 10:10 AM
- Some Terrible Things Monday, July 11, 2011 @ 2:26PMSome Terrible Things By Phil of Phil's Stock World I have to tell you some terrible things. I didn't want to do it - I almost didn't bother with this post as it's soooooo depressing and who wants to hear that crap but there's also a lot of stuff going on and it's my job to inform you of it so I'm HOPING (because I am a hopeful guy) that, if we get it out of the way now, we can start the new ...
- China Growth May Slow as Wen Faces Limited Scope for Response Sunday, July 10, 2011 @ 11:52AMChina’s economy probably grew the least in almost two years last quarter, contributing to a global weakening that Premier Wen Jiabao confronts with more limited scope for policy response than during the 2008 world recession.
- Gillard faces an uphill battle Sunday, July 10, 2011 @ 9:04AMJULIA Gillard faces a herculean task to sell her carbon pricing scheme. The best she seems to be hoping for is to hold the line in the early argument and then, by the time of the election, to reap some credit for ''getting done'' a hard job.
- FM cautions state banks, FIs on NPAs Friday, July 8, 2011 @ 9:12AMFinance Minister Pranab Mukherjee has cautioned all state run banks and financial institutions on the downward trend of asset quality.
- Govt proposes margin, rate cap for microlenders Wednesday, July 6, 2011 @ 8:41PMThe government on Wednesday proposed to restrict the annual percentage rate, including interest rate and fee, charged by micro-finance institutions as well as their margins under a new law.
- Newly set-up foundation to offer micro-credit to women entrepreneurs Wednesday, July 6, 2011 @ 6:32PMKLANG: Women entrepreneurs now have another avenue to seek loans with the setting up of the Malaysian Chinese Women Entrepreneurs Foundation (MCWEF).
- OCZ Technology Group Reports Fiscal 2012 First Quarter Results Wednesday, July 6, 2011 @ 3:29PMSAN JOSE, Calif. -- OCZ Technology Group, Inc. , a leading provider of high-performance solid-state drives for computing devices and systems, reports its first quarter results for the fiscal year 2012 , which ended on May 31, 2011.
- Has the Banking Sector lost its Mojo? Wednesday, July 6, 2011 @ 2:11PMEven though the S&P 500 (NYSEArca: SPY) has posted a modest 6.4% year-to-date gain, financial stocks (NYSEArca: XLF) are down almost 3% in value over the same period. Bank ETFs (NYSEArca:
- Problems rampant in mortgage servicing, advocates and regulators say Tuesday, July 5, 2011 @ 1:30PMErrors, misbehavior point to need for reform Anca Safta never missed a payment on her loan to expand her Lutherville home. But that didn't stop Safta's mortgage servicer from citing her this year for failing to pay, reporting her to credit agencies and threatening to foreclose.
- Greek Debt Crisis: New Listing: The Greek Islands – Who Will Buy? Tuesday, July 5, 2011 @ 12:28PMHow much for the island of Mykonos? The Mexican standoff between European banks owning Greek debt and Greek taxpayers needs fresh thinking. I’m convinced that the only way out of Europe’s financial crisis is for Germany to essentially own Greece. … Continue reading → Greek Debt Crisis: New Listing: The Greek Islands – Who Will Buy? is a post from: SiliconANGLE We're now available on the Kindle ...
- U.S. Treasuries, Dollar Gain as Stocks Fall on Economic Concern Tuesday, July 5, 2011 @ 11:45AMTreasuries rose, snapping a five-day losing streak, while the U.S. dollar rose and stocks fell after a Moody’s Investors Service downgrade of Portugal’s debt to junk and lower-than-estimated American factory orders rekindled concern the global economy will slow. Oil and gold surged.
- Federal budget cuts affect local businesses, residents Tuesday, July 5, 2011 @ 9:00AMBy Samantha SommerStaff Writer
- Special Report: A tale of two Europes Tuesday, July 5, 2011 @ 5:53AMTHEBES, Greece/STUTTGART, Germany (Reuters) -Petzetakis likes to call itself the first Greek multinational. The company began making plastic pipes and hoses in the early 1960s and grew steadily over the next couple of decades, opening a plant in Portugal and pushing into Germany. Proud of its role as a pioneer, the firm dreamed of bigger things.
- Crediting the Upgrade Tuesday, July 5, 2011 @ 12:14AMTweetThe Makati Business Club which by and large supported the candidacy of PNoy paid him homage in his first year in office by crediting his administration for the numerous credit upgrades the country received, but the underlying cause might be found elsewhere. The MBC spoke of the way in which the administration fostered macroeconomic stability [...]
- Mortgage servicing firms meet with loud criticism Saturday, July 2, 2011 @ 4:41PMErrors, misbehavior point to need for reform Errors, misbehavior point to need for reform
- 5. Greece is bankrupt Friday, July 1, 2011 @ 6:21PMLin See-Yan says Greece is in so quick a downward spiral that it is sucking the EU with it.
- Greece is bankrupt Friday, July 1, 2011 @ 6:17PMA rose by any other name would smell as sweet. In the case of Greece, default by any other name just stinks! The plain truth: Greece is bankrupt.