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UBS hires wealth management advisers - International Herald Tribune
HONG KONG : UBS said Wednesday that it had hired six executives for its Asian wealth management arm, even as the global financial crisis slammed the industry. UBS, the largest banker to the rich, said the executives would join its operations in Hong ...

Citigroup to axe 53,000 - Straits Times
NEW YORK - CITIGROUP, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of US business - 53,000 jobs - as it tries to slash costs and get back to basics before it's too late. The cuts, which will leave ...

50,000 estate agents face axe in 9 months - This is Money
Economists said the collapse in the housing markets meant the true figure would be double previous predictions of 15,000 job losses, with some experts forecasting at least 50,000 out of work by next year. The panic has led to some businesses making ...

This week's oddball items of disinterest - CNN Sports Illustrated
New members of the Red Sox Hall of Fame, including Spaceman Lee (second from left) now have a chance to show what's left of their stuff in Cooperstown next June. For the past 10 weeks, this rejiggered space has been foraging through the sports ...

From the Editor : - Cricket365.com
England's trip to India is off to a quite dismal start, but can they bounce back without Ryan Sidebottom in the ranks come Monday's match? Or will it be more of the same from Mahendra Dhoni and cronies, fresh from their thumping over Oz? The Windies ...

Blackfriar: It's about time the banks accepted some responsibility - yorkshirepost
HINTS from The Monetary Policy Committee that it is planning further rate cuts over the coming months will come as welcome news for the thousands of people who are struggling to meet their mortgage repayments. In its latest MPC minutes, the Bank of ...

Experian profits grow despite credit squeeze - Times Online
Experian, the credit reference agency, reported an 18 per cent rise in first half pre-tax profits, despite the falling number of consumer credit checks due to the downturn in global economies. The company's shares climbed by more than 8 per cent in ...

Three Retailers for Your Christmas Stock Shopping List - Seekingalpha.com
Stating that the retail sector has suffered a bombardment of bad news the last few months is like saying the Atlantic Ocean is wet. My colleague Paul Moore wrote an excellent piece on Tuesday, detailing Circuit City's ( CC ) problems. Let me first ...

Yes vote ... Lloyds TSB - The Sun
ABOUT £50billion was wiped from the FTSE 100 as fears over the future of the US car industry hammered confidence. German chemicals giant BASF added to the gloom by announcing plans to temporarily close 80 factories. And CBI data indicated a sharp ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Charges of socialism have been thrown around pretty promiscuously in this election, mainly against Democratic presidential hopeful Barack Obama ...

Today's Mortgage Terms starting with E

Equity: The difference between the current market value of a property and the total debt outstanding against the property.

Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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