What Would a U.S. Government Default Feel Like For an Average American

What Would a U.S. Government Default Feel Like For an Average American
A compromise between the budget proposals being batted around by President Obama and House Speaker John Boehner will, hopefully, be reached before the federal government defaults on any debt. But what if the August 2 deadline to raise the debt ceiling comes and goes [...]

Wells Fargo Named Best U.S. Trade Bank

Wells Fargo Named Best U.S. Trade Bank
Wells Fargo & Company announced today that Wells Fargo was named “Best Trade Bank in the USA” by Trade Finance magazine. Winners of the 14th annual Award for Excellence were selected by a Trade Finance reader’s poll.
Read more on Business Wire via Yahoo! Finance

Tokio Marine buys into U.S. insurer

Tokio Marine buys into U.S. insurer
Tokio Marine Holdings Inc. said Friday it has taken a 49 percent stake in California-based insurance agency WNC Insurance Holdings Corp. through its British group firm R.J. Kiln & Co., a deal worth about ¥3.2 billion. Tokio Marine, which has top Japanese nonlife insurer Tokio Marine & Nichido Fire Insurance [...]

U.S. pushed Goldman to provide legal loss estimate

U.S. pushed Goldman to provide legal loss estimate
Goldman Sachs Group Inc disclosed estimates of potential losses from legal issues after pressure from U.S. Securities and Exchange Commission staff, according to documents released on Friday.
Read more on Reuters via Yahoo! News

U.S. Sues Deutsche Bank Over Loan Practices

U.S. Sues Deutsche Bank Over Loan Practices
The government says the bank and its mortgage unit lied about loans included in a program to insure mortgages.
Read more on International Herald Tribune

U.S. Stocks Advance as House Approves Bill to Avert Shutdown

U.S. Stocks Advance as House Approves Bill to Avert Shutdown
U.S. stocks rose, erasing an early slump, as the House approved a spending bill that will avert a government shutdown and Supervalu Inc. led a rally in consumer- staples shares after earnings topped analysts’ estimates.
Read more on BusinessWeek

Fitch: Improved Structural Features in New U.S. RMBS a Credit Positive

Fitch: Improved Structural Features in New U.S. RMBS a Credit Positive
NEW YORK–(BUSINESS WIRE)–The first new U.S. prime mortgage loan transaction of 2011 contains several important structural features that Fitch Ratings believes warrant closer attention among market participants. On March 1, Fitch rated the first transaction of new Prime mortgage loans of the year, Sequoia Mortgage [...]

Real Estate: More homes in Nevada underwater than anywhere in U.S.

Real Estate: More homes in Nevada underwater than anywhere in U.S.
One of the many real estate issues homeowners in the United States face is negative equity, which occurs when homeowners owe more on their homes than they are worth.
Read more on Reno Gazette-Journal

U.S. Foreclosure Aid Program on Chopping Block as Democratic Support Fades

U.S. Foreclosure Aid Program on Chopping Block as Democratic Support Fades
U.S. House Republicans prepared to vote on whether to eliminate the Obama administration’s signature anti-foreclosure effort as support for the program also eroded among Democrats.
Read more on Bloomberg

Asian Stocks Drop on U.S. Jobs, Inflation Concerns; Astra Drops

Asian Stocks Drop on U.S. Jobs, Inflation Concerns; Astra Drops
Asian stocks dropped, sending the MSCI Asia Pacific Excluding Japan Index to its lowest intraday level in almost two weeks, on speculation central banks in China, India and Indonesia will raise rates to curb inflation.
Read more on BusinessWeek

Next Page »