UK's third-largest bank sees better than expected results BARCLAYS today became the last of Britain's big five clearing banks to report as it posted better-than-expected first-half profits despite bad debt provision rising and earnings at its credit card
Northern Rock chief tackled in boardroom over his private life "It was a hell of a thing to have to put to your boss" Boss in the hot seat: Adam Applegarth faces questions The boss of beleaguered Northern Rock
Chilly Minneapolis is Hot With Young Professionals There's been an influx of young adults into this city, best known for the Mall of America. Adjusting to life in the Twin Cities isn't easy, but 20somethings explain how
Bernanke urges more action to stem home foreclosure crisis "Conditions in mortgage markets remain quite difficult" A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke
In a muddle overseas This effectively means that higher-rate taxpayers will only have to fund 60 per cent of the purchase price, the remainder will be topped up by the Government through tax relief.via
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
“Strong results in a number of our businesses demonstrate the importance of having a diversified business model and robust risk management practices”
– Royal Bank of Canada (TSX:RY) has reported first-quarter net income of $1.25 billion, down 17 per cent from a bonanza quarter a year ago, as provisions for U.S. credit losses swelled and RBC Capital markets took a big writedown.
Revenue at Canada’s biggest bank slipped one per cent to $5.65 billion in the November-January quarter, compared with just under $5.7 billion in the year-earlier period.
Return on equity was a robust 21.4 per cent, but down from 27.3 per cent in the first quarter of last year, which benefited from one-time insurance-segment adjustments. Read more
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