ILP must raise more than €1bnMonday, September 6, 2010 @ 4:29AMIrish Life & Permanent (ILP) will have to raise more than €1 billion over the next few months with a rights issue, placement and bond issue planned by the company.
Housing Woes Bring New Cry: Let Market FallMonday, September 6, 2010 @ 4:18AMSome economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.
Banker urges mainland rushMonday, September 6, 2010 @ 2:26AMLocal banks should be ready to grasp opportunities in the mainland - whether yuan-related or not - as the global economy will take longer than expected to recover, said Amy Yip Yok-tak, chief executive of DBS Bank (Hong Kong).
Summer Rerun: Japan Says US Financial Crisis Worse Than Its Bust, Urges Government to Recapitalize BanksMonday, September 6, 2010 @ 2:16AMThis post first appeared on March 24, 2008 The comments in the Financial Times by Yoshimi Watanabe, Japan’s financial services minister, are extraordinary. He ventured to give the US advice on its credit crunch based on Japan’s experience during its post-bubble-years banking crisis. And it’s not pretty. Why are these remarks so unusual? Consider: Most countries don’t give [...]
Record-low rates spur boom in refinancingMonday, September 6, 2010 @ 2:11AMFor anyone under the age of 57, mortgage rates are now the lowest they've been during your life. This fact isn't lost on a growing number of homeowners who have started a new wave of refinancings.
Profit from lossMonday, September 6, 2010 @ 2:11AMHoping there are big profits to be made in the aftermath of the housing collapse, professional investors are flocking to the business of buying foreclosed homes at distressed prices.
5 Best Sunday ColumnsSunday, September 5, 2010 @ 10:21AMThe 'Brutal' Dem Plan for November The New York Times' Jeff Zeleny and Carl Hulse write , "As Democrats brace for a November wave that threatens their control of the House, party leaders are preparing a brutal triage of their own members in hopes of saving enough seats to keep a slim grip on the majority. In the next two weeks, Democratic leaders will review new polls and other data that show ...
Raising a credit score requires fiscal awarenessSunday, September 5, 2010 @ 5:38AMQ: I am looking to buy my first home, but my credit score isn’t good and there is negative information on my credit report. I’ve made some errors in judgment. How can I increase my credit status to the point where I can purchase my first home?
Uncertainty surrounds rate announcement; markets try to counter September effectSunday, September 5, 2010 @ 5:12AMTORONTO - The Canadian dollar could be in for some volatility this coming week as the Bank of Canada comes out with its latest announcement on interest rates Wednesday.