LAS VEGAS—Home builders in some of the nation’s hardest-hit housing markets are going to work directly for banks, in a little-used arrangement that is helping to ameliorate conditions in some battered local economies. The builders traditionally got loans from banks to build homes, but that credit has largely dried up. The contract work builders [...]
AP - Rescuers edged their way toward quake victims trapped in a toppled apartment block early Sunday even as looters stole food and robbed banks after one of the strongest earthquakes ever recorded struck Chile.[Read more...]
Taxpayers could be offered shares in state-owned banks at a discount if the Conservatives win the next election.[Read more...]
The stock market extended its winning streak to four days as investors returned their focus to U.S. economic policy. The Dow Jones Industrial Average briefly slipped into the red late in the session during a speech by President Obama calling for further action on banking regulation, health-care reform, and other issues. However, it [...]
WASHINGTON—Federal Reserve Chairman Ben Bernanke will begin this week to lay out a blueprint for a credit tightening, to be followed once the Fed decides the economy has recovered sufficiently. The centerpiece will be a new tool Congress gave the central bank in October 2008: an interest rate the Fed pays banks on money [...]
There is no prospect of a sharp rise in dividend payments Shareholders in UK companies saw their dividend payments cut by £10bn last year, according to a report.UK companies paid out £56.9bn to investors in 2009, 15% less than in 2008, said Capita [...]
A total of £57bn was paid, a 15pc year-on-year drop, according to research from Capita Registrars. Financial companies cut £8.2bn of payments, including £6.1bn slashed from the banking sector. The state-owned banks paid nothing, while HSBC only cut modestly and Standard Chartered actually increased its distribution to shareholders. Related Articles [...]
Barclays was not bailed out by the UK government during the financial crisis Barclays is to defer paying bonuses earned this year to its directors and senior staff for up to three years.The BBC understands the payments for last year have not been [...]
AP - President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up his war on Wall Street Thursday by pushing tougher regulation of big banks.[Read more...]
WASHINGTON— President Barack Obama, declaring “we want our money back,” said banks have a responsibility to make taxpayers whole for the financial-sector bailout and should pay a proposed tax by rolling back big bonuses. Mr. Obama, formally unveiling the plan at the White House Thursday, said his goal was not to punish banks, but [...]
Pelosi says Dems near deal on health care bill
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Law bars Myanmar’s Aung San Suu Kyi from elections
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Contractors ‘divert Somalia aid’
Apology for women raped by father
Gates: Some troops could leave Afghanistan early
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Iran attacks US over AfghanistanObama pushing on health care end game
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Inmate reoffending ‘costs £10bn’
Biden condemns new Israeli settlement plan
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US attacks East Jerusalem plans
Feds to probe cause of runaway Prius in California
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Troop bomb training ‘inadequate’
Massacres Shake Uneasy Nigeria
Biden urges Israel to take risks for peace
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US eyes chance for Mid-East peace
‘Insurance for all’ plan for dogs
Hundreds slaughtered in Nigeria religious violence
(AP)US denies W Bank building breach
Strong earthquake slams eastern Turkey, kills 51
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Venables breaches ‘not made public’