Nathan Andrada – Fourth Estate Cooperative Contributor London, United Kingdom (4E) – After Barclays was fined for their involvement in the Libor-rigging scandal that led to the resignation of their three executives, rating agency Moody’s has downgraded the financial strength of the London-based bank rating from stable to negative. Moody’s stated that the bank’s lucrative [...]
Posts Tagged ‘Post’
Moody’s lowers financial outlook for Barclays
July 7th, 2012 
davidguide 
Posted in Real Estate Loans 
Tags: group chief executive, libor rate, london interbank offered rate, marcus agius, Moody, opposition labour party, outlook, Post, Resignation, scandal, sudden resignation, treasury select committee, Vote 
Comments OffSliding home values knock 40 percent from U.S. household median net worth
June 13th, 2012 davidguide Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Sinking home values have contributed to a 39 percent decline in the median U.S. household from 2007 to 2010. A Federal Reserve report Monday underscored the impact of the financial crisis and the recession on the average American. Taking the biggest [...]
Posted in Real Estate Loans Tags: Cooperative, fourth estate, home, home values, household, internet boom, median family, median household net worth, median incomes, middle class families, Percent, Post, Sliding Comments OffBanks pushing unnecessary loans: report
June 5th, 2011 davidguide Fairfax media. The report said a national survey showed more than half of all bank employees had steered a customer toward a product they didn’t need. View full post on All Stories
Posted in Lending News Tags: banks, Fairfax, fairfax media, Loans, national survey, Post, product, report, Stories, View Comments OffTwo Houston men sentenced in mortgage fraud case
June 2nd, 2011 davidguide Adrian Levale Cole, 40, and Albert Terrance Watkins, 47, were behind a scam to purchase several residential properties in the Houston area through fraudulent mortgage loans, officials said. View full post on All Stories
Posted in Lending News Tags: area, case, fraud case, houston area, houston men, Mortgage, mortgage fraud, mortgage loans, Post, residential properties, Stories, View, watkins Comments OffWhite House Lauds Chrysler Bailout Repayment
May 30th, 2011 davidguide This week’s repayment of $7.6 billion in government loans by Chrysler Corporation six years ahead of schedule is evidence of a resurgent U.S. manufacturing sector, Vice President Joe Biden said in Saturday’s White House address. View full post on All Stories
Posted in Lending News Tags: address view, chrysler bailout, chrysler corporation, evidence, government loans, joe biden, Manufacturing, Post, president joe, sector, View, White, white house address Comments OffWashington state bank is shut; 44 failures in 2011 (AP)
May 28th, 2011 davidguide AP – Regulators on Friday shut down a small bank in Washington state, pushing to 44 the number of U.S. bank failures this year in the wake of a severe recession and mounting troubled loans. View full post on All Stories
Posted in Lending News Tags: bank failures, Loans, Post, recession, Regulators, state, state bank, Stories, u s bank, View, wake, washington state bank Comments OffWar-weary lawmakers push Obama to end Afghan war
May 26th, 2011 davidguide WASHINGTON (Reuters) – War-weary lawmakers pushed President Barack Obama to wind down the 10-year-old conflict in Afghanistan on Wednesday as the House of Representatives began debating a bill to authorize $690 billion in defense spending for the next fiscal year. View full post on All Stories
Posted in Lending News Tags: afghan war, Barack, barack obama, Bill, Defense, defense spending, fiscal year, house of representatives, lawmakers, Obama, Post, Reuters Comments OffReport: PA Veterans Received More than $1.5 Billion in VA Compensation and Pension Benefits in 2010
May 26th, 2011 davidguide HARRISBURG – Pennsylvania veterans received more than $1.5 billion in compensation and pension benefits in the 2010 federal fiscal year. According to a recent statistical report from the U.S. Department of Veterans Affairs, Pennsylvania has 964,132 veterans – the nation’s fourth-largest veteran population. While the number of veterans in Pennsylvania has dropped from 1,117,004 in [...]
Posted in Lending News Tags: compensation, department of veterans affairs, federal fiscal year, harrisburg pennsylvania, nation, number, pa veterans, pennsylvania veterans, pension, Post, report, u s department of veterans affairs, veteran population Comments OffGeorge Pataki hints he may enter presidential race
May 25th, 2011 davidguide Former New York governor says he may enter Republican field in the next month; has focused on fiscal issues View full post on All Stories
Posted in Lending News Tags: field, fiscal issues, former new york governor, george pataki, governor, Month, Post, presidential race, republican field, Stories, View Comments OffUS defence cuts mean ‘hard decisions’: Robert Gates
May 25th, 2011 davidguide Defence secretary Robert Gates has said that fiscal pressures on the US military’s budget will require sacrificing some missions abroad and scaling back pay and benefits. View full post on All Stories
Posted in Lending News Tags: budget, Defence, defence cuts, defence secretary, hard decisions, missions, Post, Robert Gates, Secretary, secretary robert, Stories, us military, View Comments Off