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Rich suburbs on mortgage stress list - News.com.auRETIREMENT mecca the Gold Coast and Sydney's blue-chip Vaucluse have joined struggling south-western Sydney as the areas suffering most from mortgage stress and loan defaults. More than 840,000 residential mortgages - valued at $140 billion - were ...
Lord Mandelson will force banks to open coffers - Times OnlineBanks face legal action if they refuse to resume lending amid dire warnings of a mortgage drought that will bring further misery to homeowners. The Times has learnt that legal curbs will be imposed on banks if they fail to abide by a new code of ...
Lord Mandelson will force banks to open their coffers - Times OnlineBanks face legal action if they refuse to resume lending amid dire warnings of a mortgage drought that will bring further misery to homeowners. The Times has learnt that legal curbs will be imposed on banks if they fail to abide by a new code of ...
The world's stimulating debate - CBC NewsWorld leaders from China to Mexico have announced plans in recent months to spend their way out of the global economic slowdown. Governments are scrambling to push their sluggish economies forward — almost always through more spending. As economic ...
Workers on just £20,000 to be worse off, says think-tank - ScotsmanA HUGE row broke out yesterday over Alistair Darling's emergency Budget after it emerged people earning as little as £20,000 would lose out. Independent experts at the Institute for Fiscal Studies (IFS) backed Conservative and Liberal Democrat ...
Weep for Woolies - bbcThe manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...
Homebuilding loan delinquencies leveling off in NE Ohio - Crain's Cleveland BusinessThe shell of a home at 3625 Downing St. changed hands last week in what has become an all-too-familiar ritual between borrowers and lenders at Cuyahoga County sheriff’s sales in the Justice Center. But in this case, it wasn’t a vandalized home in ...
The scandals that brought Peter Mandelson down twice before - Daily TelegraphIn his first incarnation, as Secretary of State for Trade and Industry, he lasted less than five months in 1998. He was undone on that occasion by the revelation that he had bought a fashionable home in Notting Hill, with the help of an interest-free ...
If you thought the banking crisis was over, think again. That was the ... - bbcContinuing crisis Nick 20 Nov 08, 11:54 AM If you thought the banking crisis was over, think again. That was the message taken to Downing Street yesterday. Robert Shapiro, an economic adviser to Barack Obama's campaign and former US under secretary ...
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