Mortgage and Financial News From 2008-1-24 Page 6
Previous Day: 2008-01-23
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Tentative stimulus package includes boon to higher-priced housing markets (Savannah Morning News)
WASHINGTON - A component of the government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets.
2008-01-24 09:53:26 -
Happenings (The Austin Chronicle)
Jan. 24-30
2008-01-24 09:53:49 -
Firms meet customers face to face (Times Leader)
WILKES-BARRE TWP. – Think of the Wachovia Arena this weekend as a giant home improvement store on steroids. While there won’t be racks of nails or stacks of lumber, anyone planning for a new home or a remodeling job can save time and have some fun while comparing products and services at the 30th Northeastern Pennsylvania Home & Garden Show, which runs today through Sunday.
2008-01-24 10:05:21 -
Stimulus plan, jobs boosting stock markets (The Gleaner)
Stimulus plan, jobs boosting stock markets
2008-01-24 10:09:15 -
Idaho-Based DBSI Buys Houston Levee Galleria Retail (The Memphis Daily News)
The partners behind Houston Levee Galleria, a 26-acre retail/office development on the east side of Houston Levee Road b....
2008-01-24 10:12:20 -
Economic Indicators Not So Good (The Memphis Daily News)
Memphis City Council member Jim Strickland recently told an audience at Christian Brothers University that the city of Memphis appears headed towar....
2008-01-24 10:13:30 -
Italy's premier forced to resign (Pioneer Press)
ROME - Italian Prime Minister Romano Prodi resigned Thursday after he lost his parliamentary majority, ending his government less than two years after he came to power and increasing the chance of early elections. Prodi fell short in a confidence vote in the Senate, with 161 votes against his government and 156 in favor, confirming that his majority had evaporated with the defection of the Udeur ...
2008-01-24 10:18:35 -
Business Minute: Stocks firm...Home sales, jobless claims drop ...
Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit ... PARIS (AP) - A major French bank says it has uncovered a $7.1-billion fraud caused by a single futures trader who ...
2008-01-24 05:49:00 -
SocGen fraud: 'Gamekeeper turned poacher'
Daily Telegraph - Even small mistakes or wrong-way bets involve sums of money that would clear a mortgage on a townhouse in Mayfair. The job of the bank is how to mitigate that risk. Since Nick Leeson brought down Barings in 1995, it was widely assumed that the ...
2008-01-24 07:01:00 -
ROUNDUP Societe Generale moves quickly to halt fraud impact, cost 4.9 ...
CNBC - ... Generale, seeking to preserve its standing on financial markets, moved quickly to contain the impact of a massive fraud it ... Together with a further 2.1 bln in asset write-offs tied to the US subprime mortgage loan crisis, the French banking giant ...
2008-01-24 05:35:00 -
SocGen says hit by $7.1 billion fraud
Reuters - PARIS (Reuters) - French bank Societe Generale said fraud by a single trader had caused it a 4.9 billion euro ($7.1 billion ... The announcement sent a shiver through the world banking industry, which is suffering a credit crunch as high-risk mortgage ...
2008-01-24 09:10:00 -
Rogue trader loses $8bn
News.com.au - Trading in the bank's shares has been suspended on the Paris stock exchange after the revelation of the fraud, along with a $3.3 billion loss from from the U.S. sub-prime mortgage crisis. The bank said yesterday the losses cut its 2007 profit to $1 ...
2008-01-24 06:18:00 -
Futures Trader Accused in $7B Bank Fraud
Washington Post - Societe Generale -- France's second largest bank -- said it uncovered a "massive" $7.14 billion fraud carried off by a ... and consumer confidence in financial institutions are plummeting around the world in the aftermath of the subprime mortgage ...
2008-01-24 08:41:00 -
French bank finds $7B fraud by trader, but he didn't profit
USA Today - ... Societe Generale, France's second-biggest bank, said Thursday it had been the victim of massive and "exceptional" fraud ... announcement sent a shiver through the world banking industry, which is suffering a credit crunch as high-risk U.S. mortgage ...
2008-01-24 08:13:00 -
SocGen fraud separate from market: France's Lagarde
Reuters - This fraud should be very clearly distinguished from the provisions taken by Societe Generale elsewhere, which are provisions for losses linked to the subprime mortgage market in the United States," she during question time in the Senate. She said ...
2008-01-24 06:25:00
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