One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.
Resurging expectations of yuan appreciation have made dollars more scarce in China's foreign exchange market, tripling six-month dollar funding costs and creating new complications for Beijing's stable yuan policy.
The U.S. commercial real estate market, slammed by the credit squeeze and recession, is likely to hit bottom in 2010, according to a survey of industry investors, developers, lenders and consultants.
U.S. mortgage applications rose for the first time in four weeks, reflecting a jump in demand for home refinancing loans as interest rates on 30-year loans dropped below 5 percent, data from an industry group showed on Wednesday.
MasterCard reported higher-than-expected quarterly earnings Tuesday as the world's second-largest credit card network raised fees to banks and cut expenses, while consumers used their debit cards more.
The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released Tuesday.
Commercial lender CIT Group filed for bankruptcy protection on Sunday afternoon. The move comes after billionaire investor Carl Icahn threw his weight behind a bankruptcy filing last week.
U.S. authorities seized nine failed banks Friday, the most in a single day since the financial crisis began and the latest sign that many banks are still crippled by bad loans. U.S. Bancorp agreed to buy the banks, which include California National.
Billionaire investor Carl Icahn, who had been trying to derail CIT Group's efforts to launch a restructuring plan, said on Friday he was now backing the lender's pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said.
It seems the financial crisis isn't all doom and gloom: one in four people are glad the world's economy slumped like it did, because it helped them realize their priorities in life, according to a global survey.
Defaults by small and medium-sized U.S. businesses on the loans, leases and lines of credit they use to finance capital equipment investment rose in September as lenders remained reluctant to extend fresh financing, PayNet Inc reported on Friday.
The Senate's top Democrat and top Republican voiced support for extension of the $8,000 tax credit for home buyers, but left unclear when the chamber would act.
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More
The best way for the Federal Reserve to smoothly exit from its current stance on monetary policy is to make it more a process than an event, says bond expert Tony Crescenzi.... Read More
Bonds are the anchor of an investor's portfolio, but they need to be played defensively, said Jim Keegan, portfolio manager of 5-star rated RidgeWorth Total Return Bond fund.... Read More
In addition to recent data showing weakness in the labor market, there are many factors causing Treasury yields to fall of late, says bond expert Tony Crescenzi.... Read More