Archive for February, 2009
Earnings Preview: Credit Suisse 4Q loss predicted (AP via Yahoo! Finance)
By admin on February 10th, 2009
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Credit Suisse Group reports earnings for the fourth quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period.
$15,000 tax credit won’t help low-income home buyers, experts say (Los Angeles Times)
The Senate measure offers the credit to anyone buying a primary residence. But buyers must earn enough to have $7,500 in income taxes — $81,900 per year for a family of four — to get the full benefit. The Senate’s proposed $15,000 tax credit for home buyers would boost the ailing housing market but do little to help low-income people who need it most, experts say.
Credit card policy change provokes suit (UPI)
ROCHESTER, N.Y., Feb. 9 (UPI) — A New York Law firm said it filed a class-action lawsuit against J.P. Morgan & Chase for monthly service fees attached to some low-interest credit cards.
BoE to deploy 50bn to get credit flowing - Financial Times
By admin on February 9th, 2009
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The Bank of England will launch an unprecedented programme to unblock the frozen pipelines of credit to large UK companies later this week. From as early as Friday the Bank will be able to use 50bn ($74bn) to buy corporate paper, which is used to …
Plan for financial sector postponed - Boston Globe
WASHINGTON - Treasury Secretary Timothy Geithner has postponed his unveiling of the administrations plan to shore up the financial industry as officials focus on getting approval for their separate economic stimulus plan in the Senate. The Senate …
Obeid says he doesn’t want credit (The Advocate)
By admin on February 9th, 2009
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IF IT WAS a case of Eddie Obeid to the rescue, he was refusing to take credit for it.
Relative needs credit counseling, not a bailout (Los Angeles Times)
By admin on February 9th, 2009
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Dear Liz: My spouse’s siblings have decided my husband and I should lend his brother $11,000 to pay off three credit card bills since they “can’t.” He says the interest rates are killing him and that he can afford to pay us $200 a month. In the past, whenever this brother had money issues, his parents took care of them, bailing him out more than once. My spouse feels obligated to his family, but …
Credit Union under way in southwest Toledo (The Toledo Blade)
Bill Day, left, and Dustin Dodson install drywall at the new branch of AP Federal Credit Union at 404 North Reynolds Rd. between Hill and Nebraska avenues in southwest Toledo. The office is scheduled for completion in April. It is to replace the credit union’s branch on South Byrne Road.
UPDATE 1-Credit Suisse says more home buyers in US in Jan vs Dec - Reuters
By admin on February 7th, 2009
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Feb 6 (Reuters) - Credit Suisse said more people in the United States bought houses in January encouraged by falling prices and low mortgage rates, adding that the highest levels of traffic were seen in hard-hit markets, which saw a strong demand for …
Key to financial survival: Rein in spending - AZCentral.com
The partys over. Thats the message financial planners have for growing numbers of clients who are struggling to cope with new limits on credit and other issues in the down economy. Even residents of middle- and upper-middle-class neighborhoods are …