The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead. Thousands of them trooped to a conference center eight miles south of the nation’s …
… artfully sidetracked an effort to tax hedge funds and pushed for repeal of legislation that prohibited commercial banks from engaging in risky investments like trading stocks or mortgage-backed securities. And he helped craft a bank-friendly …
WASHINGTON -(Dow Jones)- State Street Corp. (STT) on Thursday agreed to pay more than $300 million to settle civil charges by the U.S. Securities and Exchange Commission alleging the bank misled investors about its exposure to subprime mortgages. In …
Cash is tight. The bills are piling up. What’s more important: keeping current with the mortgage or making those monthly credit card payments? Increasingly, based on a new study from credit tracker TransÂUnion, credit cards are trumping the mortgage …
Markets hate uncertainty. But the reduction of uncertainty can be a mixed blessing, especially if what becomes more certain is likely to bring the emerging recovery to a screeching halt. Certain: Ben Bernanke will continue as chairman of the Federal …
A range of other measures in the Bill, which gives effect to the budget, include winding down mortgage interest relief, although there is an extension until 2018 for its final abolition. Additional powers for the customs authorities aimed at stamping …
Times are tough in the mansion market. Last year’s sales of $1 million-plus homes in California were paltry compared to the boom days, according to a real estate report released Thursday. Tight credit, skittish buyers and sagging prices caused the …
NEW YORK (AP) — A top Federal Reserve official said Thursday he’s worried about the weakness of the economic recovery but doesn’t think the economy will slip into another recession. William Dudley, president of the Federal Reserve Bank of New York …
THE DOG THAT DIDN’T BARK gave the clearest explanation of what drove down risk assets across the globe Thursday. Of course, the crisis of European sovereign borrowers escalated, sending the cost of insuring the debt of the governments and banks in …
Omega Healthcare Investors, Inc. (NYSE:OHI) (the “Company”) today announced the pricing of a private placement of $200 million aggregate principal amount of 71/2% senior notes due 2020 (the “Notes”). The Notes were priced at 98.278% of par value …
