Mortgage and Financial News From 2008-1-17 Page 61

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  • Parliament passes disputed consumer credit directive  

    EurActiv.com - Consumer credit rates currently range from 6% in Finland to 12% in Portugal. Two ... to consumers when singning contract, making it easier to calculate and compare ... outcome should then prompt the Commission to bring forward its long-awaited mortgage ...
    2008-01-15 03:54:00
  • MEPs adopt consumer credit directive, cross-border credit easier and ...

    Newsdesk - ... if increased competition brings even a small reduction in the interest rates ... such as deferred payment cards (charge cards) and will not cover the mortgage credits ... the consumer and those benefits I believe are enabling the consumers to compare ...
    2008-01-17 04:25:00
  • Mortgage haste 'costing thousands' - AboutProperty.co.uk

    Mortgage haste 'costing thousands'AboutProperty.co.uk, UK - 4 hours agoCompare a wide range of remortgage deals for free. Complete 20 quick questions and a broker will phone with rates from many lenders. Find the right mortgage ...
    2008-01-17 01:51:06
  • uSwitch.com launches mortgage price comparison service - Easier (press release)

    uSwitch.com launches mortgage price comparison serviceEasier (press release), UK - 3 hours agoThis will enable them to compare the best mortgage rates available whilst offering completely fee-free advice from fully qualified mortgage advisers under ...
    2008-01-17 02:37:26
  • Links (EUActiv)

    In a last-minute attempt, the Liberals and Socialists tabled a package of amendments in Parliament on Friday (11 January), which found support among EU member states in the Council.
    2008-01-17 12:07:09
  • Top-dog Dems look the same -- until you drill down (Las Vegas Sun)

    Thu, Jan 17, 2008 (2 a.m.) The three front-runners in the Democratic presidential race are in general agreement on some of the biggest issues facing the country.
    2008-01-17 02:05:18
  • Who needs mergers when U.S. banks are cheap?

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... Thanks to the mortgage mess in the United States, Canada's banks have been handed a once-in-a-generation chance to make up for ...
    2008-01-17 04:32:00
  • Could U.S. bank dividend contagion spread north?

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... sentiment toward financial stocks that has permeated the markets since the summer, when the rot in the U.S. subprime mortgage ...
    2008-01-17 04:53:00
  • Deutsche Bank to Expand Commodities Staff Up to 25% (Update2)

    Bloomberg - At the same time, financial institutions eliminated about 86,000 jobs related to the U.S. mortgage market, according to data compiled by recruiter Challenger Gray. ``We haven't seen a diminishing appetite for growth in commodities, pre ...
    2008-01-17 03:49:00
  • Company Bond Risk Rises to 5-Month High Before Merrill Earnings

    Bloomberg - Jan. 17 (Bloomberg) -- The risk of European companies defaulting rose to a five-month high on concern that Merrill Lynch & Co.'s earnings report today will signal widening losses on subprime-mortgage securities. Credit-default swaps on the benchmark ...
    2008-01-17 03:49:00
  • Mersch Growth Warning May Signal Shift in ECB Stance (Update2)

    Bloomberg - The ECB shelved a planned rate increase in September and has since kept its rates on hold to assess the economic impact of the U.S. subprime mortgage collapse, which made banks reluctant to lend and drove up the cost of credit globally. The euro's ...
    2008-01-17 03:56:00
  • Merrill Lynch Posts Steep 4Q Loss

    Forbes - ... projections since the summer, when investment banks began taking on large losses due to the collapse of the subprime mortgage ... Garrison Keillor: Misanthrope David A. Andelman Back home in Lake Wobegon, where the mood has turned somber. ...
    2008-01-17 04:39:00
  • Ameritrade Profit Rises 65% to Record on Trading Fees (Update1)

    Bloomberg - Chief Executive Officer Joe Moglia is boosting spending on advertising and other promotions to draw customers away from its closest competitor E*Trade Financial Corp., which last year had to obtain a cash infusion after losses related to bad mortgage ...
    2008-01-17 05:36:00
  • BlackRock Earnings Beat Estimates on Hedge-Fund Fees (Update2)

    Bloomberg - Since the slump in the subprime-mortgage market froze credit markets in July and August, investors have sold corporate bonds and bought the safest securities. A slowdown in the U.S. economy, and some economists' predictions of a recession this year ...
    2008-01-17 05:51:00
  • What Does Goldman Know That We Don't?: Michael Lewis (Update1)

    Bloomberg - Jan. 17 (Bloomberg) -- In retrospect, the most intriguing subplot in the collapse of the subprime mortgage market has been not the size of the losses but their distribution. Wall Street firms have a talent for getting themselves into trouble together ...
    2008-01-17 05:58:00