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MORTGAGE MELTDOWN
Barney Frank dies at 86: Who was the liberal firebrand behind Dodd-Frank, Wall Street reform, and America’s LGBTQ political revolution?Who was Barney Frank? The death of Barney Frank marks the end of one of the most consequential and controversial political careers in moder...- Fed nominee Warsh prepares for monetary policy road test before Senate panelAfter more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a ...
- US Federal Reserve nominee Kevin Warsh faces Senate test on monetary policyKevin Warsh faces a crucial Senate hearing for the Federal Reserve chief nomination. Lawmakers will question his economic ideas and monetar...
- Prudent lending can avert Subprime 2.0It is obvious that weak lending standards, serving the political interest of affordable housing, were the main reason for the mortgage melt...
- Morgan Stanley sells Russian mortgage unitMorgan Stanley sold its Russian mortgage unit, one of the country's leading mortgage operators, to Russian Orient Express bank, the Russian...
- Goldman CEO, executives face US CongressThe CEO of Goldman Sachs and other executives from the Wall Street powerhouse are coming before Congress 10 days after the government accus...
- Goldman planned to profit from bust: Senate probeGoldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate investigatio...
- Bernanke says he erred in gauging mortgage falloutFederal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from ...
- Beaten down, US consumers burrow deeperAmericans have trimmed their spending in Sep by largest amount in 4 years. Stocks 52 Week: High | Only: Buyers, Sellers | BSE Gainers: A, B...
- European stocks pause for breath at openEuropean stock markets held steady at the opening of trade on Tuesday following surges the day before caused by the US bailout of former mo...
- US expected to detail Fannie Mae, Freddie Mae bailoutUS Treasury Secretary Henry Paulson is expected to detail the government's plan to take over struggling mortgage giants Fannie Mae and Fred...
- Fed gives home buyers protection against shady lending practicesFor Roxanna Evans, the Federal Reserve's new rules to crack down on abusive lending practices, approved Monday, came too late.
- Fed adopts plan to curb shady mortgage practicesLenders worry the new rules are too tough, could limit mortgage options.
- 2 former Bear Stearns managers hit with first criminal chargesTwo former Bear Stearns hedge fund managers were hauled into jail and charged with lying to investors about the collapse of the US subprime...
- Fed to auction another $25 billion in Treasury securities this weekThe Federal Reserve announced on Wednesday that it will auction an additional $25 billion in super-safe Treasury securities to big investme...
- US govt must do more to avert meltdown: VolckerThe US government needs to play a larger role in restoring confidence to financial markets on the verge of a meltdown instead of leaving su...
- Rate cut: Good feelings may recede as fast as they rolled inHomeowners opening up statements for their adjustable-rate mortgages come October will experience a jolt when the rates jump.
- Subprime woes cost Infosys prime clientYet another casualty of the US subprime crash in the Indian BPO sector is Infosys BPO, which has lost a prime client, Green-Point Mortgage.
- US mortgage lender sacks all employeesFirst Magnus Financial Corp has laid off 99 per cent of its nearly 6,000 employees nationwide.
- iGATE posts Rs 23 cr 4th quarter netiGATE Global Solutions, the Bangalore-based mid-tier IT services company has reported a net profit of Rs 22.6 crore, on a consolidated basi...
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