Scotiabank on the prowl for acquisitions after calling off CyC deal Banking: Scotiabank on the prowl for acquisitions after calling off CyC deal "We are still looking in Mexico.via
Lighting up lives: Self-Help Enterprises turns 40 Miguel Lopez, 47, of Tulare, looks at the blinds that he installed in his new house which he helped build with Self-Help Enterprises in Tulare.read more...
Experts: Bailout Not Complete Solution "It's not the mortgage that's the problem" If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a
MBNA Mortgage Division Could Be Eliminated (News Channel 5 Cleveland) NewsChannel5 sources say MBNA is eliminating its mortgage division, which could affect about 300 employees at the Beachwood facility.read more...
Fairfield attorney convicted in $2.5M bank fraud A Fairfield lawyer, accused of bilking at least 17 clients out of $2.5 million, has been convicted of bank fraud.Commentread more...
Survey: Mortgage Rates Near 4-Year High (AP via Yahoo! News) U.S. mortgage rates hit highs not seen since July 2002 last week, on the eve of the spring buying season, according to a survey of lenders published Wednesday by
“The diversification of our profits in recent years, together with the investments we have made in businesses both inside and outside the UK, is serving us well in 2007.”
Banking giant Barclays said that it had seen no signs of rising debt levels, despite consumers coming under pressure from interest rate hikes.
The bank’s debt charges for unsecured credit ‘continued to improve’ in UK banking, while mortgage charges were ‘negligible’.
In a reassuring update, Barclays added that debt charges also improved at its Barclaycard credit card business during the three months to September.
It said Barclaycard profits ‘grew strongly’ in the third quarter, adding that its UK banking division was on course to meet full-year targets after taking settlement of overdraft fees into account. Read more
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