Public funds to pay for private debt - Houston Chronicle
Houston taxpayers could start footing the bill to help first-time homebuyers pay off debts and improve their credit scores, under a proposal before City Council this week. The “Credit Score Enhancement Program” will give up to $3,000 in grants to
Newspaper filing for bankruptcy protection may foreshadow even more - Grand Forks Herald
Analysts doubt those newspaper companies will be able to emerge from Chapter 11 bankruptcy protection without agreeing to lenders’ demands for radical changes, such as switching some of their newspapers exclusively to online delivery. Of course, the
JPMorgan cuts its dividend by 87% - International Herald Tribune
JPMorgan Chase & Co., the investment bank, cut its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the financial sector. The bank also said it has been “solidly profitable” this quarter, and
US vows bank aid - Straits Times
WASHINGTON - US regulators promised on Monday to prop up struggling banks if needed and said lenders should remain in private hands, even as a source said Citigroup was in talks to give the government a greater stake. In Europe, the French government
Jeremy Warner: Ninety per cent mortgages courtesy of the taxpayer - The Independent
So let’s see if I’ve got this right. Gordon Brown, the Prime Minister, wants to abolish 100 per cent mortgages, but he’s also proposing to give Northern Rock, which is publicly owned, the wherewithall to re-enter the mortgage market and start
JPMorgan slashes dividend - ABS-CBN
NEW YORK - JPMorgan Chase & Co., the second-largest US bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the US financial sector. The bank also said it has been “solidly
UPDATE 2-JPMorgan slashes dividend; shares rise on outlook - Reuters
NEW YORK, Feb 23 (Reuters) - JPMorgan Chase & Co ( JPM.N ), the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector. The bank also
US vows bank aid; aims to avoid nationalization - Hindustan Times
US regulators promised on Monday to prop up struggling banks if needed and said lenders should remain in private hands, even as a source said Citigroup was in talks to give the government a greater stake. In Europe, the French government said it was
Shrinking deficit, not debt - Detroit Free Press
At least he’s acknowledging it as a problem, but President Barack Obama is only addressing part of it when he says he plans to cut the federal deficit in half by the end of his first term. What he’s not saying — and I probably wouldn’t either
Owners must be weaned off the house-price drug - Guardian Unlimited
Kick-starting the housing market is the urgent priority, isn’t it? The engine is dead, not even a splutter. Brown and Darling keep stamping and jump-starting, but house prices keep falling by £140 a day. Rising repossessions will feed back into the
Public funds to pay for private debt - Houston Chronicle
Houston taxpayers could start footing the bill to help first-time homebuyers pay off debts and improve their credit scores, under a proposal before City Council this week. The “Credit Score Enhancement Program” will give up to $3,000 in grants to
Newspaper filing for bankruptcy protection may foreshadow even more - Grand Forks Herald
Analysts doubt those newspaper companies will be able to emerge from Chapter 11 bankruptcy protection without agreeing to lenders’ demands for radical changes, such as switching some of their newspapers exclusively to online delivery. Of course, the
JPMorgan cuts its dividend by 87% - International Herald Tribune
JPMorgan Chase & Co., the investment bank, cut its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the financial sector. The bank also said it has been “solidly profitable” this quarter, and
US vows bank aid - Straits Times
WASHINGTON - US regulators promised on Monday to prop up struggling banks if needed and said lenders should remain in private hands, even as a source said Citigroup was in talks to give the government a greater stake. In Europe, the French government
Jeremy Warner: Ninety per cent mortgages courtesy of the taxpayer - The Independent
So let’s see if I’ve got this right. Gordon Brown, the Prime Minister, wants to abolish 100 per cent mortgages, but he’s also proposing to give Northern Rock, which is publicly owned, the wherewithall to re-enter the mortgage market and start
JPMorgan slashes dividend - ABS-CBN
NEW YORK - JPMorgan Chase & Co., the second-largest US bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the US financial sector. The bank also said it has been “solidly
UPDATE 2-JPMorgan slashes dividend; shares rise on outlook - Reuters
NEW YORK, Feb 23 (Reuters) - JPMorgan Chase & Co ( JPM.N ), the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector. The bank also
US vows bank aid; aims to avoid nationalization - Hindustan Times
US regulators promised on Monday to prop up struggling banks if needed and said lenders should remain in private hands, even as a source said Citigroup was in talks to give the government a greater stake. In Europe, the French government said it was
Shrinking deficit, not debt - Detroit Free Press
At least he’s acknowledging it as a problem, but President Barack Obama is only addressing part of it when he says he plans to cut the federal deficit in half by the end of his first term. What he’s not saying — and I probably wouldn’t either
Owners must be weaned off the house-price drug - Guardian Unlimited
Kick-starting the housing market is the urgent priority, isn’t it? The engine is dead, not even a splutter. Brown and Darling keep stamping and jump-starting, but house prices keep falling by £140 a day. Rising repossessions will feed back into the