Ex-Mayor Keeps Busy With the city
Borrowing shows decline, Fed says Consumer borrowing in the U.S. unexpectedly declined for the first time in six months in September as Americans took out fewer car loans and spent less at the gasoline pump.Commentread
BofA Plans Mortgage Organization Changes (AP via Yahoo! Finance) Bank of America Corp. said Thursday it would name a Countrywide Financial Corp. executive to head its combined consumer mortgage operations once its $4.1 billion deal to buy Countrywide
Fed chief warns investors not to bank on low rates Federal Reserve Chairman Alan Greenspan issued a fresh warning yesterday that investors shouldn't be lulled into a false sense of security by the economy's long stretch of low interest rates.read
Fed Chairman Warns on Home Financing With the explosion of financial choices, consumers must continually sharpen their assessments of whether certain mortgages or other investment products make sense for them, Federal Reserve Chairman Ben Bernanke ...Commentread
HSBC profit slides 29% as bad debt charges top $10 billion HSBC Holdings on Monday reported a 29% drop in first-half net income as bad debt charges surged to over $10 billion, though the banking giant increased its payout after growing
Mack's Next Challenge: To Make Peace and a Profit On John J. Mack's to-do list: rewind to 1992. Morgan Stanley was mired in management turmoil.via