A Gamble That Went Bust
The collapse of ANB, an Arkansas bank that went bust last week in the biggest failure of a brick-and-mortar U.S. bank in more than a decade, is an ominous sign for many banks that gambled on real estate.
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UBS reports further loss due to US mortgage crisis (ABC via Yahoo!7 Finance) Swiss investment bank UBS has reported a further $11 billion in write-downs from its exposure to bad debt in the subprime US mortgage sector.read more...
Government watchdog set to attack Labour party Parliament's sleaze watchdog will this week launch a series of fierce attacks on the Government amid growing speculation that he is facing the axe, the Daily Mail has learned.Commentread more...
Career Track R. Brian King, chief strategy officer; and Chuck Wyckoff, chief information officer; have joined Acosta Sales and Marketing Co.read more...
Robust outlook for area lenders (Reg Req'd) Charlotte's booming mortgage industry, now employing one in 100 private-sector workers, continues to expand even as the national market for home loans teeters on a downturn.read more...
Thomson TradeWeb Reports Record Trade Volume for 2005 Thomson TradeWeb, a unit of The Thomson Corporation , today announced that TradeWeb, the leading Fixed Income and Derivatives online marketplace, achieved record total volumes of $42.8 trillion in 2005.read
Mortgage fraud scheme gets Greenville lawyer a prison sentence (WIS News 10 Columbia) (Columbia) September 1, 2006 - Last March, a Greenville lawyer admitted he sent false loan documents to residential mortgage lenders in the Upstate. Now Alex J. Newton has been sentenced