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NBT Bancorp not participating in gov't program - MSN MoneyCentralNORWICH, N.Y. (AP) - NBT Bancorp Inc. said Wednesday it has chosen not to participate in the government's $700 billion bank investment program. NBT Bancorp opted not to participate because it is already "well capitalized," and the requirements of ...
Building societies fail to protect savers - This is MoneySome building societies are failing to live up to their promises to help savers survive the credit crunch . Many of them offer pathetic rates of interest – even though they have imposed a collar on their mortgage rates in order to save money. ...
Nationwide ends tracker rate cuts - BBC NewsThe move will affect about 250,000 of Nationwide's mortgage customers The Nationwide Building Society has said it will not pass on any further cuts in UK interest rates to most of its tracker mortgage customers. A clause in the contracts of 250,000 ...
With $6 billion deficit looming, budget will come first at Capitol - Record-JournalWhen state lawmakers return to the Capitol Wednesday, they’ll be greeted with the daunting task of having to fix the largest budget shortfall in recent Connecticut memory. Besides the current fiscal year deficit, estimated at anywhere from $193 ...
Madonna and Louis Vuitton: time to give the commercials a break? - Daily Telegraph BlogsMadonna in old bag shock. So Madonna is the new face (or body, depending on how you look at it) of Louis Vuitton . After their Keith Richards campaign, it might appear the luggage manufacturers have a soft spot for musicians with skin that could be ...
Nationwide freezes rate cut on trackers - This is DorsetMORE than 200,000 borrowers with tracker mortgages from Nationwide, which has its administration centre on Richmond Hill, Bournemouth, will not receive further cuts if the base rate continues to slide. In a bid to retain profits as the economic ...
Nationwide defies Alistair Darling on mortgage interest rate cuts - Times OnlineNationwide, Britain's biggest building society, will not pass on any further cuts to the Bank of England base rate to customers with tracker mortgages, The Times has learnt. The lender plans to invoke a rule in its mortgage contracts allowing it to ...
Double blow for savers after building societies already slashed rates - Daily TelegraphThe research comes just a few days ahead of the Bank of England meeting to decide on whether to cut interest rates to the lowest level since 1694. Most economists believe that rates will be cut from 2 per cent to 1.5 per cent in an attempt to stop ...
Some US cities eliminate criminal-history question - Buffalo NewsHoping to prevent convicts from being shut out of the work force, some major U.S. cities are eliminating questions from their job applications that ask whether prospective employees have ever been convicted of a crime. Most of the cities still ...
Handy Sandy Crombie swings the only gong - Times OnlineOne wonders precisely what Sandy Crombie, the Standard Life chief executive, has done to deserve his knighthood in the New Year Honours, conspicuously the only financial services sector person getting a gong this time. Is it because, in falling by a ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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