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In the grip of mortgage madness  News Release Date: 16 May 2005 NZ Time. Source: NZ Herald Young Aucklanders are signing up for mortgages of up to $1 million, sparking fears an entire generation could be


District hopeful project will soon resume  Central Bucks school officials are hopeful that work on a delay-plagued Buckingham Elementary School construction project could resume as soon as next week, but they say the district is still


Reflections in the bubble  Financial bubbles have fascinated economists for hundreds of years. One of the earliest and best documented occurred in the early 1600s in Holland, where investors became obsessed with buying and


TV's Hot Properties: Real Estate Reality Shows  TV's Hot Properties: Real Estate Reality Shows -- About 20 new home-related television programs debuted this year, including shows on buying real estate, preparing a home for sale, and flipping


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Hornell Evening Tribune)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


Lenders cut mortgage rates after base rate cut (Reuters.co.uk)  LONDON (Reuters) - Halifax, Britain's largest mortgage lender, said on Thursday it was cutting its variable mortgage rate by 25 basis points to 6.5 percent, a spokesman said.read more...

March 31st, 2008

UBS in new capital hike after huge Q1 loss

“The new capital hike and the monstrous losses are negative. The choice of Peter Kurer is not so clear either. He’s well-known in legal circles but his skills as a banker have yet to be proven”

The Swiss bank wrote down an additional $19 billion on U.S. real estate and related assets, causing a net loss of 12 billion Swiss francs in the first quarter, and said it would seek 15 billion francs through a … via Boston.com



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