Bear Stearns May Face SEC Action
June 22- Bear Stearns may face fines and other enforcement actions by the US Securities and Exchange Commission over the investment bank’s mutual fund trading practices.
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ASB Bank lifts profit to $440 million Economic slowdown has left ASB Bank unscathed with the Commonwealth Bank of Australia unit reporting a 16 per cent increase in its June year net profit to $440 million.read more...
Troupe sells Lenox land, mansion for $3.9m Shakespeare & Company is selling nearly half of its 63-acre parcel of land in Lenox for $3.9 million.via
Loan demand dips as 30-year mortgage rate hits 6.61%, highest since 2002 (USA Today) Mortgage applications fell last week as fewer people sought to refinance as interest rates hit their highest this year, an industry trade group said Wednesday.read more...
Jamaica Mortgage Bank head resigns - Thomas accepts full responsibility for procedural breaches (Jamaica Gleaner) CHAIRMAN OF the Jamaica Mortgage Bank (JMB) Peter Thomas resigned from the post yesterday in the wake of irregularities discovered at the institution.via
Moody's says FHL banks' credit profiles strong, improving Moody's Investors Service believes the individual credit profiles of the 12 Federal Home Loan Banks are strong, and it expects them to improve as the banks reduce their exposure to
CMHC says spectre of real estate bubble can be ruled out in the Qubec area Canada Mortgage and Housing Corporation presented its annual Housing Outlook Conference for the Qubec census metropolitan area today.read more...