HSBC shares drop after bad debt Shares of HSBC Holdings dropped more than 2 percent on Thursday after the lender announced its bad debt charge last year would be about $1.8 billion higher than expected.Commentread more...
Bid to stop home repossessions 'destroying lives' Publisher: Jon Land Published: 10/05/2006 - 13:44:31 PM Send to a friend George Mudie MP Rising numbers of home repossessions are "needlessly destroying people's lives", the Commons was told today.read
Brookfield Letter May Aid Maguire CEO The efforts of Robert Maguire III to buy a sizable portion of the company he founded may be bolstered by a letter from Brookfield, offering to purchase his company's Los
Market prices in October rate hike Homeowners could feel the pinch of a mortgage rate hike as early as next month, economists say, as the Reserve Bank looks to halt to New Zealanders' insatiable appetite for
Industry Insider: Real estate veteran opens eyes to rich Jersey market (Reg Req'd) Mitchell Berkey knows the New York real estate community sometimes thinks the sun "rises and falls on Manhattan and maybe one or two of the boroughs," as he puts it.read
Chinatown Plaza Sells for $25 Million Chinatown's Dynasty Center on the 800 block of North Broadway was sold last week to a private investor for $25.3 million, according to real estate firm Grubb & Ellis.via
“If you’re going to park money temporarily then cash I think is the way to be but I think that we’re going to form a bottom. I think people are going to be legging back into the market.”
Wall Street suffered its biggest plunge of the year Thursday, leading global markets lower as investors fled stocks amid increasing uneasiness about the mortgage and corporate lending markets. The Dow Jones industrials fell more than 430 points, while Treasury yields plunged as investors moved money into bonds.
Investors who had been able to shrug off discomfort about subprime mortgage problems and a more difficult environment for corporate borrowing appeared to finally succumb to those concerns. The Dow surpassed the 416 points it lost on Feb. 27 after a nearly 10 percent decline in Chinese stock markets. Read more
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