U.K. Bankers Shunned by Mortgage Lenders Turn to Private Banks
Thursday, March 17th, 2011April 23 (Bloomberg) — Employees in London’s financial services industry are turning to private banks for luxury home loans as the biggest mortgage lenders are deterred by limits on cash bonuses.
Economists Optimistic About Future Economy, Job Creation
Thursday, March 17th, 2011ABC News reports that the economic outlook for the next year is growing more and more positive as news that US industries are continuing to grow and add jobs. Even so, growth is still expected to be slow for the remainder of the year and most companies (46%) do not plan on changing staff levels [...]
Mortgage Fraud Rises For Fifth Consecutive Year
Thursday, March 17th, 2011Mortgage fraud increased in the U.S. for the fifth consecutive year, according to the Appraisal Institute. The institute, an organization of 25,000 real estate appraisers, reported a 7% increase in fraud reports from 2008 to 2009. The increase was sizable but much smaller than the 20%-plus jumps the market saw each year from 2005 to [...]
One Firm Refused to Aid a Goldman C.D.O. Plan
Thursday, March 17th, 2011A little-known investment firm has found itself caught up in the Securities and Exchange Commission’s fraud case against Goldman Sachs, The Wall Street Journal reported.
UK housing market then and now
Thursday, March 17th, 2011In April, the year-on-year increase in house prices returned to double figures for the first time since June 2007, the Nationwide Building Society has said.
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