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Last updated: 22:10:25 Thursday Dec 10, 2009


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Consumer Financial Service



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  • Europe exceeds US in bank bonus crackdown
    NEW YORK - Better to be a banker in New York than Europe this bonus season.   Nations:U.K. France   People:Timothy Geithner Gordon Brown Angela Merkel   Activities:Global Financial Crisis   2009-12-10

    GE Capital outlook improving, losses to continue
    WASHINGTON - General Electric Co. says profits at its lending arm will start improving by 2011, but first it will have to slog through another year of big losses on loans gone bad in areas like commercial real estate.   Activities:Global Financial Crisis   Source:(AP)   2009-12-08

    Getting a Mortgage in 2010: 10 Things to Know
    More than three years into a painful housing crash, the real estate market has sent recent--albeit tentative--signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous. Along with more affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates--which remained below 5 percent as of late November--have been a driving force behind this development.   Activities:2008 U.S. Real Estate Crisis   2009-12-03

    Gov't increases pressure on mortgage industry
    WASHINGTON - The Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosure, as part of a broad effort to boost participation in its mortgage assistance program.   Source:(AP)   2009-11-30

    American Express spending volume up, boosts stock
    NEW YORK (Reuters) - American Express Co (AXP.N) said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.   Source:(Reuters)   2009-11-10

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