AMMB denies merger talks with EON Bank
A POTENTIAL merger between AMMB Holdings Bhd and EON Bank Bhd – as is being speculated in the market – may not be a good fit as it lacks synergy, say banking analysts.
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Mortgage fraud reports are up (Philly.com) Efforts to tighten lending standards appear to have had little effect so far, as reports of mortgage fraud increased 42 percent in the first quarter of 2008 from the same
Midday Business Report: Hurricane job losses top 400,000 (Reg Req'd) The number of people who have lost their jobs because of Hurricanes Katrina and Rita jumped to 438,000 last week as the economic shockwaves from the nation's costliest natural disaster
Fed's Bies warns on mortgage, real estate lending (Muzi) Regulators are concerned about heavy commercial real estate exposures and risky mortgage lending practices at U.S. banks, Federal Reserve Board Governor Susan Bies said on Thursday.read more...
The Dangers of Buying In the Face of a Bubble Lew Sichelman discusses purchasing in frothy housing areas and not-so-hot Florida markets.via
Home prices suggest downturn Have existing home prices in Palm Beach County finally started to fall? After peaking in November at a median of $421,500, existing home prices have languished around $390,000 all year.read
7 South Floridians charged with mortgage fraud (Sun-Sentinel) More than 18 homes tied to scheme Federal prosecutors announced mortgage fraud charges Wednesday against seven residents of Broward and Palm Beach counties accused of fraudulently obtaining