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Canadian equities to rally over next 18 months: CIBC
Published July 9, 2009, 12:11 pm, National Post
Canadian households and businesses are still flush with cash and that extra capital will likely find its way into equity markets and help pull the country out of recession over the next 18 months, according to a report by CIBC World Markets on Thursday.
Patience pays for foreign banks in Japan
Published July 9, 2009, 10:56 am, Business Times (Malaysia)
TOKYO: US and European banks may dream of making it big in Japan, but tough local competition and costly past failures mean they will largely remain niche players in the world's second-biggest economy.
Banks' ''courtesy'' loans at soaring rates irk consumers
Published July 9, 2009, 10:02 am, WTSP-TV Tampa
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap with "courtesy overdraft".
Banks' 'courtesy' loans at soaring rates irk consumers
Published July 9, 2009, 8:33 am, USA Today
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap.
CIT Debt Plunges on Bets Lender Isn’t Too Big to Fail (Update2)
Published July 9, 2009, 7:07 am, Bloomberg
July 9 (Bloomberg) -- CIT Group Inc. , the century-old lender to 950,000 businesses, is trading in the bond market as if it may fail. Since becoming a bank in December to qualify for federal help, CIT has lost all three of its investment-grade ratings.
75 Years of Housing Fascism
Published July 9, 2009, 6:12 am, Ludwig von Mises Institute
In terms of the unforeseeable and destructive effects of government regulation, it's difficult to find a better example of a time bomb: it was set in 1934 to explode in $147 billion (about $239 billion in 2008 dollars) of damage 55 years later.[8] Then, to top it all off, the free market received the blame! While the establishment Left is certainly horrible on the issue of housing, the Right has ...
AceMoney Personal Finance Manager Review
Published July 9, 2009, 5:10 am, NotebookReview.com
AceMoney is to Quicken as indie music labels are to Sony Music: The little guy trying to outdo the industry behemoth with more pluck and less money. So, can a garage-band personal finance application outperform Intuit's headline act? We sound it out in this review.
Territorial bank's stocks an easy sell
Published July 9, 2009, 5:02 am, Honolulu Advertiser
Despite a weak local economy and a sluggish outlook for the nation's banking industry, Territorial Savings Bank said its stock offering was more than two times oversubscribed.
Unclaimed property: Windfall awaited Gulfport Katrina victim
Published July 9, 2009, 3:22 am, The Clarion-Ledger
State Treasurer Tate Reeves estimates about one of every five adults in Mississippi is entitled to some amount of money they have forgotten about or don't know about. And with the current economic climate, more people want to know if they are missing out. "Our phones have been ringing off the hook," Reeves said.
Time to sound the alarm on banking industry?
Published July 9, 2009, 12:23 am, The Herald News
With Illinois leading the nation this year in bank failures, should you be worried about the health of your neighborhood bank? Yes, a dozen banks - including two based in the Southland - have been closed by regulators. But customer funds never were in jeopardy, and deposits now are in the hands of more stable institutions. "Customers were never without access to their money, and no one has ...
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