Bank of Canada drops Interest Rate by .75%
Bank of Canada Cuts Interest Rate The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a ... to encourage credit flows, although it will take some time before conditions in financial markets ... inflation than had been projected at the time of the last Monetary Policy Report in October. Several [more...]
Date: 2008-12-09 17:19:05
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2007 J.D. Power Satisfaction Ratings in Finance
J.D. Power & Associates puts out annual customer satisfaction surveys in all types of industries from automobiles to finance to insurance to travel ( ... I used more - retail banking and credit cards. While I don’t discuss the mortgage ratings, go check ... banking, mortgage related, and credit card groups. At the time I first wrote this, I didn’t think [more...]
Date: 2008-08-10 19:27:39
Is your bank safe and sound?
There have been five north GA banks that have failed last quarter or are on the problem list with cease and desist ordersFreedom Bank, Commerce, ... : *** "Performing"The Bankrate system also rates credit unions. I didn't check banks in Athens ... Specialists.In our neck of the woods, the employment outlook is dim. Unemployment rate increases to 25-year [more...]
Date: 2009-01-02 17:04:00
Hudson City Savings Bank CD Rates
Hudson City Savings Bank CD Rates Mandatory 401K Withdrawals Suspended? ... Account Financing a Car Purchase Online Banking Getting a Copy of Your Credit Report Imperial ... of America 3 Month CD Rate Get $50 from TradeKing FDIC List of Troubled Banks and the Texas Ratio [more...]
Date: 2008-12-14 14:16:18
Banks? Credit Quality Expected to Worsen
Kerry E. Grace reports: Although government support has buoyed U.S ... s bankruptcy caused the credit markets to seize up in September. The ratings agency also expects ... . banks, the industry will likely experience overall credit quality deterioration at least through [more...]
Date: 2009-01-06 09:09:00
UAE banks assigned negative outlook
Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets and tumbling oil prices will also contribute to increased strains at UAE banks, Moody’s added in its report [more...]
Date: 2009-01-15 16:23:15
Find Out Here Useful Knowledge - Finding Secure Auto Loans Website
You can find online car loans everywhere. But before you punch in important personal information, make sure that you’re on a good secure site ... . You can take it with no penalty if the dealer offers a better loan rate. Check out credit unions, banks ... -related expenses. Don’t forget to verify your credit record. Order a copy of your credit report [more...]
Date: 2008-11-16 19:08:43
Opting For Bad Credit Refinance Is Like Walking On Thin Ice
by Angus Guy Ignorance and indiscipline are the two main detractors who are responsible for destroying our once green credit rating and bringing us to despair to suffer the ignominy of ending up with a Bad Credit rating. Along with this come a host of other problems related to a bad credit history. In the earlier days no bank or lending institution would consider it safe to lend to someone such a history. [more...]
Date: 2009-10-01 10:28:09
CD Calculator
CD Calculator AIG Bank High Yield Money Market Account eBank 1 Year Certificate of Deposit Rate Bank of Internet 3 ... a Car Purchase Online Banking Getting a Copy of Your Credit Report Imperial Capital Bank CD Rates [more...]
Date: 2009-01-04 20:48:14
Bank of Canada lowers bank rate by three quarters of a percent!
The bank of Canada just announced a huge reduction in the prime interest rate ... governments are beginning to encourage credit flows, although it will take some time before conditions ... profile for core inflation than had been projected at the time of the last Monetary Policy Report [more...]
Date: 2008-12-09 15:14:28
A Bailout For The Big 3
Another currency rally…. Bank of Canada cuts 75 BPS!… A Santa rally?… What Asia thinks… And Now… Today’s Pfennig! ... the dollar in check, folks… The Bank of Canada (BOC) did cut rates yesterday 75 BPS… You may recall ... t understand the mentality here with these Central Bank rate cuts… It’s not the cost of the credit that’ [more...]
Date: 2008-12-10 13:55:26
Morning Commentary
Start with Markus K. Brunnermeier. While the overall mortgage losses are large on an absolute scale, ... or other loans as collateral...To ensure funding liquidity, the sponsoring bank grants a credit line ... vehicles, and then granting a credit line to that pool to ensure a AAA-rating, allowed banks to reduce [more...]
Date: 2008-11-20 12:11:23
Home loans
by Tom Martens For the vast majority of us, homeownership means a monthly mortgage installment ... this rate, your credit history and credit score are major factors in whether your bank considers ... the best option for you. Administration fees payable every month differs with each loan, so check [more...]
Date: 2009-01-16 14:53:39
Identity Theft and Your Online Job Search
By Sharon Davis While identity theft is nothing new, the Web has opened up whole new world of opportunity for identity thieves ... of all complaints, in 2001. The thief will use your personal information to open credit card accounts, cell ... and ruined credit ratings. Identity thieves may pose as representatives of banks, Internet service [more...]
Date: 2009-01-10 04:02:59
How To Chase High Interest Rates On Savings Accounts and Manage Them
I consider myself one of many rate chasers out there - savvy savers who hunt for the best annual percentage yield (APY) interest rates at banks and credit unions, and who are keen on quickly moving large sums of money ... of what I own in cash form, invested in stable interest bearing savings accounts. The type of money [more...]
Date: 2008-07-01 19:21:37
Well! Now we know why Emperor Paulson wanted retroactive immunity in his trillion dollar bailout plan!
How did Paulson try to get retroactive immunity? Why, via the infamous Clause 8, of course: the clause Krugman caught Paulson lying about ... , Lehman Brothers and American International Group, bringing to 26 the number of bureau investigations ... into disclosure and valuation of housing-related investments at banks, insurers and credit rating [more...]
Date: 2008-09-24 02:53:58
Is The Inflation Scare Over Yet?
Treasuries have been on a bit of a rally recently as the Lehman iShares 20+ year duration treasury fund (TLT) chart shows ... of credit via massive writedowns in banks and financials, accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary [more...]
Date: 2008-06-27 00:51:36
Fed slashes interest rates, but stocks lose again
Wall Street bounced higher and lower Wednesday trying to make up its mind about an unprecedented coordinated interest rate cut by central banks ... becomes cheaper. Home equity loans, credit cards and other floating-rate loans all fluctuate depending [more...]
Date: 2008-10-09 00:36:14
Ministers could set loan rates, banks warned
Direct Whitehall control over the lending rates of Britain's high-street banks is among the contingency plans being drawn up by Alistair Darling to ensure that the dearth of lending caused by the credit crunch does not force thousands of small ... to the small business sector had risen in recent months. A Treasury source said the government's [more...]
Date: 2008-11-27 00:10:52
Bush was a freemarket leader?
Since the market crash that followed the cratering of the property market in the US and elsewhere, ... contracts and interest rates that are determined by savings, not credit creation by a central bank. It’ ... , insurance, banking and welfare. This is not capitalism! Michael Shermer also steps in with a recent [more...]
Date: 2009-01-16 21:49:47
Information trickle down
UPDATE: 7:45PM NZDT:ODT reporting:ANZ and National Bank have announced they are dropping their fixed-term mortgage rates ahead of the next Official ... fall in line with what the RBNZ does on 29 January.-- UPDATE ENDS RNZ reporting that the S&P credit rating downgrade has affected our dollar. I have always said that credit rating agencies will trigger [more...]
Date: 2009-01-13 22:43:00
“To the Bunkers!”: Central banks slash rates in emergency “midnight” meeting By Mike Whitney
Dandelion Salad By Mike Whitney 10/08/08 “ICH’ Stocks fell sharply across Europe and Asia last night following another down day on Wall Street ... in there. The present crisis, which has its roots in the unsupervised expansion of credit in the United ... tapping a line of credit at a bank) The Fed will start providing businesses and financial [more...]
Date: 2008-10-09 00:51:50
Posts about Mortgage Market Report as of January 14, 2009
Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan ... your personal credit report to ensure that your credit score has improved. Lenders … . Read this article [more...]
Date: 2009-01-14 12:23:49
How To Build A CD Ladder and Get The Highest Interest Rate
During tough times, there is always the inevitable flight to quality as investors seek out stable investment options to keep their money safe from ... certificate of deposits (CDs). Because CD’s are issued by banks and credit unions, they enjoy ... fixed time asset offered to consumers and businesses by banks and credit unions. When you buy a CD [more...]
Date: 2008-10-21 03:29:32
Bank Ratings: Is Yours in Trouble?
Chris Brunner at LewRockwell.com has posted a list of all the banks in the United States, ranked by the credit troubles they may be having. The rating system is explained here, but basically if they scored 100 or more, they are in "very serious danger of collapse;" a score of 50 or over means they are "vulnerable."A big thanks [more...]
Date: 2008-12-29 21:24:00
Bank of Canada overnight rate statement
From the BoC Web site: OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a ... to encourage credit flows, although it will take some time before conditions in financial markets ... inflation than had been projected at the time of the last Monetary Policy Report in October. Several [more...]
Date: 2008-12-09 14:04:00
More Interest Rate Cuts - Hot Or Not?
Question from a reader:”Fed going to cut interest rates again like you said they might? ... of us who have some savings, some sort of employment and are struggling to make ends meet. For those already in the deep end ... rate that banks will lend to consumers - their very best credit worthy ones or people [more...]
Date: 2008-12-16 05:09:34
Crisis Deepens; Asian Exports Plunge
For anyone who thinks the Credit Crisis has retired. The rest of the world seems now to be tanking worse than the US ... have been struggling to secure letters of credit, the lubricant of the trading system. Even large banks in Asia ... in an emergency move to unlock the credit market. It cut interest rates to 0.01% on Friday, tantamount [more...]
Date: 2008-12-25 23:48:00
Small Bizs Feeling the Chill
The New York Times: Some small companies say they are no longer able to get loans from newly cautious banks as credit tightens across the country, ... credit — at 30 percent a year. Mr. Snyder does not want to borrow much at that rate. “ ... , the Census Bureau reports, and they outpace large companies in generating new jobs. Photo by Kevin Moloney. [more...]
Date: 2008-10-07 15:08:55
Moody's Cuts WaMu Senior Debt to Junk; Bank May Sell Branches, Deposits
Washington Mutual, which has long looked wobbly, is moving beyond the point where it can survive in its current form (cynics might say in any form) ... and equity markets remains severely constrained," Craig Emrick, a Moody's senior credit officer, said ... cut its credit rating to "BBB-minus," the same level as Standard & Poor's, and those agencies [more...]
Date: 2008-09-12 12:32:17
Major Potential Risks to Credit Quality in 2009 - Fitch
Fitch Ratings’ summary of the potential rating impact of some of the more prominent credit market risks for 2009 makes for depressing, but prudent, reading. A year ago, Fitch’s 2008 Outlook presentation identified a number of possible developments for the year. These included banking system crises (though the agency was more concerned regarding [more...]
Date: 2009-01-16 19:48:30
The Warning Signs Were There
Everyone knew that this was a possibility, but everyone - Democrats and Republicans - went along with the idea, ... those banks to extend home mortgages to individuals whose credit is generally not good enough ... more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings [more...]
Date: 2008-09-26 12:45:00
Bank of Canada - Another 0.75% Cut (Prime Now at 3.25%)
Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3 ... strained. Measures taken by major governments are beginning to encourage credit flows, although ... of the last Monetary Policy Report in October. Several factors are helping to counterbalance [more...]
Date: 2008-12-09 18:22:00
My Brother’s Nasty Bank of America Experience
Make a couple of late payments and Bank of America will jack your interest rate up to 29.99%! ... . So I called Bank of America and mentioned that I had Credit Score that was around 750 ... of America credit card so I pulled up a statement online and come to find out it was 29.99 [more...]
Date: 2008-09-05 01:47:49
2008 By The Numbers
It’s been a wild year. A 700 billion dollar bailout, a 50 billion dollar Ponzi scheme, ... fallen: Unemployment: November 2007: 4.9% November 2008: 6.9% (from http://www.bls.gov - Bureau ... institutions overnight” - in short, that’s the rate banks loan each other money. With the credit [more...]
Date: 2008-12-31 15:48:47
Another Bad Start to the Day in Asia (Update: Carnage!)
Mr. Market is in a very bad mood. From Bloomberg: Asian stocks fell, sending Hong Kong's Hang Seng Index below 16,000 for the first time in two years, on concern the credit crisis will topple more banks and slowing growth will cut demand ... , leading declines in Asia, as Hong Kong's monetary authority cut interest rates to keep a credit crisis [more...]
Date: 2008-10-08 04:28:59
Friday morning links
#fullpost{display:inline;}TOP STORIESManufacturing Cools Around the World - NY TimesRussia, ... befuddled the experts - Sacramento BeeFED/TREASURY/BANKINGPaulson blames global imbalances for credit crisis: report - APCredit crunch to intensify, Bank of England warns - TelegraphCredit rating [more...]
Date: 2009-01-02 13:40:00
US Pending Home Sales Continue Decline
In another sign of home owner fear, it was reported today by the National Association of Realtors that fewer Americans signed up to purchase homes ... , it seems that institutional banks are also playing their part in this grave statistic. As the credit crisis continues to loom over markets, bankers will forever keep lending rates high and credit [more...]
Date: 2008-12-09 18:53:56
Research Oracle roundup for 14 January 2009
Earning Release HDFC Bank Ltd. (NYSE:HDB) reported healthy growth in Net Interest Income (NII) ... positive, we anticipate near term weakness in credit offtake, as well as rising default rates, due ... price when we revalue the bank in our next update report. Therefore, although the target price derived [more...]
Date: 2009-01-14 17:12:58
TD Rate Down 0.15%
That is the epilogue to the Bank of Canada rates dropping by 0.25% yesterday, so TD again shaves 0 ... back that 0.1% is if they find they are losing income from people with loans or lines of Credit taking ... , I will investigate and report on them). It’s interesting that TD announced their “prime” to be 4.00 [more...]
Date: 2008-10-22 10:40:15
Headline News - October 24, 2008
New Mercator Advisory Group Report: Re-examining Debit Rewards at the Top Fifty Banks Prepaid Card Holdings, ... pose special concerns CreditCards.com: Weekly Credit Card Rate Report The PayPal Blog: New Button ... , No Card Issuance Fee and No Activation Fees Canadian Payments Association: CPA Board Decides [more...]
Date: 2008-10-24 11:43:58
Things I Learned When I Refinanced My Home
Some days I feel like a home refinancing expert. I’ve refinanced my home twice in the last three years to take advantage of attractive interest ... , I called my local banks, credit unions, and savings and loan companies. I also checked interest rates on the Internet. One year later, while checking on the Internet I found a rate of 4.375 percent [more...]
Date: 2009-01-15 01:31:07
Sterling Exchange Rate Forecast
This report will focus on the outlook for Sterling, and how further interest rate cuts by the Bank of England this week may affect the pound ... rate, with the country's largest mortgage lender, Halifax, reporting a 16.2 percent annual decline ... since the recession of the early 1990s. The credit crunch has led to thousands of job cuts in many [more...]
Date: 2009-01-05 08:54:00
How To Pick the Best Online Savings Accounts
With the Fed dropping the federal funds rate like it’s going out of style, the interest rates of many online banks have begun dropping as well ... insured (or credit union that was NCUA insured), but I suppose there may be some out there. If it’ [more...]
Date: 2008-10-28 16:36:42
Gates of Vienna News Feed 9/29/2008
USABankruptcy of US Banks: Can Islamic Banking Help?Bosnian Immigrants Build Des Moines MosqueDear Hank: Here’s How to End the Credit Crisis at No Cost ... to be strict about credit rating system to restrain chances of any further bankruptcy.Interestingly, since [more...]
Date: 2008-09-30 00:56:00
Research house upbeat on property stocks
Research house upbeat on property stocks It cites falling interest rates and possible favourable Budget measures By EMILYN YAP INVESTORS can ... credit for new investments,’ it explained. Banks may also introduce more attractive mortgage ... the operating environment for real estate companies this year, said Kim Eng Research in a report yesterday [more...]
Date: 2009-01-06 22:00:37
EconomPics of the Week (1-16-09)
Going GlobalHelp Jake Understand: Is it Possible that a Country Will Leave the Eurozone?The Irish Dr. Doom... or Just an Exaggerating Economist? ... , Commodity MarketsOil Tankers are a Banks Best FriendCreditLoose Credit and AutosAuto Bubble BreakdownReceipts Down, Outlays Up = Soaring DeficitFixed Mortgage Rates at Less than 4.5% [more...]
Date: 2009-01-16 22:44:00
Bank Worries Heighten Credit Fears
The renewed concern about the futures of the nation’s largest financial institutions is working its way into short-term lending rates and key ... late November. In action Thursday, swap spreads, a measure of credit risk, have widened out, along ... % about three months ago. In addition, credit-default swap indexes tracking corporate and [more...]
Date: 2009-01-15 09:15:00
Japanese stocks gain on optimistic view of US economy
Japanese stocks gain on optimistic view of US economy Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U ... , thieves and foreign agents, according to a new report from a panel of leading government ... ' from banks, governments Ad forecaster expects mild recovery in Q3 of 2009 Credit card interest rates [more...]
Date: 2008-12-09 04:42:16
Los Angeles Mortgage Rates Report: January 14, 2009
The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... , their funding line gets filled up. Imagine a funding line (sometimes called a warehouse line of credit) like a big credit card, Normally, a big bank needs, say $100 Billion for its line. The unexpected [more...]
Date: 2009-01-14 06:35:15
