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Small banks court depositors amid crisis - CNBCWASHINGTON - As consumer confidence in big banks larded with distressed mortgage assets weakens, smaller community banks and credit unions are trying to win the hearts and minds — and deposits — of consumers. It's like Madison Avenue meeting Main ...
Treasury targets bankers' pay after pumping in £37 billion for ... - Times OnlineThe Government confirmed today that it will inject £37 billion of taxpayers' money into Britain's flailing financial system, with Royal Bank of Scotland (RBS) taking the lion's share of the Treasury bailout. RBS will raise £20 billion in a deal ...
The Next Meltdown: Credit-Card Debt - BusinessWeekby Jessica Silver-Greenberg The troubles sound familiar. Borrowers falling behind on their payments. Defaults rising. Huge swaths of loans souring. Investors getting burned. But forget the now-familiar tales of mortgages gone bad. The next horror for ...
Fears of recession take hold after markets plummet - Wisconsin State JournalFear and foreboding took hold on Wall Street Thursday as the stock market again plunged and investors became convinced that the nation is on the verge of a deep and prolonged recession. The rout continued in Japan, where stocks plummeted in early ...
McCain plan 'rewards bad behaviour' - MSN UK NewsDemocrat Barack Obama derided Republican opponent John McCain's mortgage buyout plan as a misdirected effort that rewards bad behavior by lenders and takes billions of dollars from taxpayers, already suffering a heavy burden as the country's ...
Wall Street, global markets plunge - Wisconsin State JournalNEW YORK -- Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The Dow Jones industrials skidded ...
Fed's Rosengren Says Credit Crisis May Impair Economic Growth - BloombergOct. 9 (Bloomberg) -- The outlook for U.S. economic growth may worsen amid the credit crisis, as many large financial institutions refuse to lend to one another for even just a few days, Boston Federal Reserve Bank President Eric Rosengren said ...
Fed's Rosengren Says Credit Crisis May Impair Growth (Update1) - BloombergOct. 9 (Bloomberg) -- The outlook for U.S. economic growth may worsen amid the credit crisis, as many large financial institutions refuse to lend to one another for even just a few days, Boston Federal Reserve Bank President Eric Rosengren said ...
Obama, McCain advisers clash over economic policy - Associated PressMADISON, Wis. (AP) -- An adviser to John McCain said Friday his plan to buy bad mortgages with tax money is the best way to address the nation's economic crisis, but an aide to Barack Obama argued that would reward greedy lenders. The comments came ...
Study: Nearly all recent McCain ads were negative - Corpus Christi CallerMADISON, Wis. — Nearly every TV ad Republican John McCain ran last week was negative, compared to just 34 percent of those by Democrat Barack Obama, according to an analysis released Wednesday. The harsher tone in McCain's ads mirrors the sharper ...
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