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Thu, 17 May 2012 15:19:36 GMT

Consumer banking - The Economist


The Economist

Consumer banking
The Economist
People with bad credit scores will also surely no longer have to pay interest rates of 1000% a year to payday lenders. But virtually all customers should gain. This will undermine the old model of retail banking. Pricing will become more transparent.

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Mon, 21 May 2012 06:22:30 GMT

Newspaper Briefing, including 'Pro-bailout parties could win majority in Greek ... - Proactive Investors UK


Newspaper Briefing, including 'Pro-bailout parties could win majority in Greek ...
Proactive Investors UK
To cap it all, the Bank of Spain said Spanish banks' bad loans had risen to €150 billion, or 8.4% of their loan books. Spain's 10-year bond yield is back below 6%, at least, but it still denotes fiscal strain and the uncertainty prompted by its ...

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Fri, 18 May 2012 12:53:27 GMT

Parents Shoulder Bills For 40-Year-Old Kids - Yahoo! News UK


Parents Shoulder Bills For 40-Year-Old Kids
Yahoo! News UK
Not having a credit history made it more difficult to secure loans, mortgages, credit cards or a mobile phone contract in the future, even if someone can easily afford to, Noodle said. The study suggests the rise in stay-at-home university students ...

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Fri, 11 May 2012 21:18:04 GMT

Wonga: What makes money lender tick? - BBC News


BBC News

Wonga: What makes money lender tick?
BBC News
This is a lower level of default than the 10% bad debt rate on credit card lending, which has led banks to write off billions of pounds in the past few years. The credit scoring process, however, is more sophisticated than just asking a few simple ...

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Wed, 16 May 2012 06:04:08 GMT

Wonga returns to its African roots - Financial Times (blog)


Wonga returns to its African roots
Financial Times (blog)
Short-term online loans company Wonga, based in London, has opened for business in South Africa, the home of its founders Errol Damelin and Jonty Hurwitz. The UK business has generated a lot of headlines, both good and bad.

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Thu, 17 May 2012 04:22:26 GMT

This REIT Promises Yield And Growth Without Mortgage REIT Risk - Seeking Alpha


This REIT Promises Yield And Growth Without Mortgage REIT Risk
Seeking Alpha
Owners of manufactured homes in land lease communities saw their friends and family buy homes with little to no money down, with poor or bad credit, and yet those people made money because the house appreciated. Shipments of manufactured homes during ...

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Thu, 26 Apr 2012 11:05:10 GMT

More Foreclosures Drag On Home Prices - ABC News (blog)


More Foreclosures Drag On Home Prices
ABC News (blog)
That includes results due from energy giant Exxon Mobil, Chrysler, Starbucks and Amazon.com. If you are planning a mortgage refinance then you should search online for 123 Refinance before you decide they found 3.25% refinance with bad credit history ...

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Wed, 16 May 2012 16:14:51 GMT

Stats Point to a Decent Housing Market; Nationstar and ResCap;... - Mortgage News Daily


Stats Point to a Decent Housing Market; Nationstar and ResCap;...
Mortgage News Daily
After a bad showing in April the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has rebounded, hitting its highest reading of builder confidence since May 2007. On the residential side, the MBA reported what lock ...

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Mon, 30 Apr 2012 04:15:07 GMT

Monday Papers: Spain weighs up 'bad bank' scheme - Citywire.co.uk


Monday Papers: Spain weighs up 'bad bank' scheme
Citywire.co.uk
by Himanshu Singh on Apr 30, 2012 at 04:07 Financial Times: Spain's government and its banks are discussing a new scheme to segregate problematic property loans into one or more asset management companies to relieve the burden on struggling lenders.

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Tue, 08 May 2012 00:40:54 GMT

Markets Live: Stocks open higher - Sydney Morning Herald


Markets Live: Stocks open higher
Sydney Morning Herald
10.14am: Commonwealth Bank has cut rates on its one-and-three-year fixed-rate home loans, following the Reserve Bank's cut last week. The rate on a three-year fixed rate loan fell by 34 basis points to 5.99 per cent, while the one-year fixed home loan ...

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Mon, 21 May 2012 10:09:04 -0700

African Bank Limited - Unaudited interim results

 African Bank Investments Limited (Registration Number 1946/021193/06) (Incorporated in the Republic of South Africa) (Registered bank controlling company) Ordinary Share Code: ABL ISIN: ZAE000030060 ... Read more

Sun, 20 May 2012 22:53:56 -0700

Keane’s fantasy budget (and how to pay for it)

Removing middle class welfare and tax reform would deliver a health surplus while addressing some key economic problems. Read more on the blog... Read more on the blog... Read more on the blog... Read more on... Read... Read more on the blog... Read more

Sun, 13 May 2012 21:13:06 -0700

Times In-Depth: How one Erie-area couple found 'life after bankruptcy'

CONNEAUTVILLE -- Melissa Wilson didn't hold on to much from her former life. But she treasures photos of her old house at 22199 Palmer Road, a rural 3-acre plot a couple of miles outside Conneautville in northwestern Crawford County. Read more

Sat, 21 Apr 2012 21:08:02 -0700

Najib's 'nambikei' hollow: 2.5% of world's stateless people are M'sian Indians - Surendran

I refer to the continued failure of Prime Minister Najib Razak and the BN government to resolve the crisis of stateless Malaysians of Indian descent.... Read more

Tue, 01 May 2012 00:03:00 -0700

Brown (N.) Group PLC - Full Year Results Announcement

 01 May 2012 N Brown Group plc FULL YEAR RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 3 MARCH 2012 N Brown Group plc (LSE: BWNG) , the internet and catalogue home shopping company, today announces its full ... Read more

Wed, 09 May 2012 18:50:05 -0700

Cisco Systems' CEO Discusses Q3 2012 Results - Earnings Call Transcript

Executives Melissa Selcher - John T. Chambers - Chairman, Chief Executive Officer and Member of Acquisition CommitteeFrank A. Calderoni - Chief Financial Officer and Executive Vice PresidentRobert W. Lloyd ... Read more

Mon, 07 May 2012 16:41:46 -0700

Markets Live: Stocks set for gains

Stocks are poised to open higher after world markets take the political upheaval in Europe largely in their stride. Read more

Mon, 07 May 2012 17:58:30 -0700

Markets Live: Stocks post modest gains

Stocks are higher after world markets take the political upheaval in Europe largely in their stride. Read more

Mon, 07 May 2012 19:13:30 -0700

Markets Live: Trade data weighs on stocks

Stocks give up most of their gains after data shows Australia's trade deficit widened in March. Read more

Mon, 07 May 2012 23:28:30 -0700

Markets Live: Share rise led by Telstra

Stocks closed higher after recovering from a brief dip into the red but investors stuck to the sidelines ahead of the budget this evening. Read more

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