Admin | January 28, 2012
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop. Financial Sector Continues to Grow Like a suffocating monster, the financial sector continues to grow, now 8.4% of total GDP. New research by New York University economist Thomas Philippon suggests that the financial sector [...]
Admin | January 26, 2012
Economic woes in America were spurred by “over-spending, over-borrowing and the printing of too much money” Ron Paul said during tonight’s ABC News / Des Moines Register Debate. The practices have hurt the middle class the most, the congressman went on to say. And while all GOP presidential candidates on the stage could agree on [...]
Admin | January 21, 2012
I simply do not know where the money is, or why the accounts have not been reconciled to date. I apologize, both personally and on behalf of the company, to our customers, our employees and our investors. I truly know that they are bearing the brunt [of the collapse]. – Jon Corzine, head of MF [...]
Admin | January 17, 2012
Consumer protection bureau opens mortgage complaint hotline The Consumer Financial Protection Bureaus new mortgage complaint service is an extension of the agencys existing hotline for credit card-related disputes and inquiries.
Admin | January 13, 2012
First Financial Bank of Abilene will have five drive-thru lanes and a deposit-taking ATM at its planned ninth full-service branch in Abilene. A groundbreaking will take place Monday afternoon for the branch office to be built at 1801 Antilley Road. We are pleased to announce plans for a new, state-of-the-art bank building that is designed [...]
Admin | January 7, 2012
Joye and Corey McNamee knew that when they bought their Seattle home in 2008, pretty much everything they had would go toward making their $2,765 monthly mortgage payment. But they were confident they could do it. When Corey was laid off two months later, it eroded that confidence. While it took Corey four months to [...]
Admin | January 6, 2012
Theres always been a simple and desirable solution to Europes fiscal crisis, but nobody in Europe wants to do the right thing because it means admitting the failure of big government and it would result in less power for the political elite. So we get the spectacle of never-ending emergency summits as the political class [...]
Admin | December 19, 2011
The UKs financial regulator will be highly critical of its own role in its report into the circumstances surrounding the collapse of the Royal Bank of Scotland, the BBC has learned. Many aspects of the Financial Service Authoritys work were inadequate or deficient, Mondays report will say. But the BBC understands the regulator will say [...]
Admin | December 18, 2011
BRUSSELS, Belgium — European leaders were wrestling Thursday over how much of their sovereignty they are willing to give up in a desperate attempt to save the ambitious project of continental unity that grew from the ashes of the Second World War. At stake at the summit in Brussels is not only the future of [...]
Admin | December 15, 2011
For all the latest reports and transfer rumours, visit our dedicated section here. Manchester United are reportedly set to launch an investigation into how elimination from the Champions League will affect the clubs finances.