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Brown Uses Control of British Banks to Boost Lending (Update2) - BloombergOct. 13 (Bloomberg) -- Prime Minister Gordon Brown will use his government's control over two of the U.K.'s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors. The Treasury today said it will ...
Credit Crunch Video Gallery - CNBCDiscussing the major economic issues of the day, with Jared Bernstein, EPI; Stephen Moore, WSJ; and CNBC's Erin Burnett. SGP CEO On Economy Discussing the credit crunch and its impact at home and abroad, with Fred Hassan, Schering-Plough CEO and CNBC ...
Bank of America reports profit drop, capital raise - San Francisco GateBank of America Corp. on Monday reported third-quarter results earlier than planned, revealing a wider-than-expected profit drop and plans to boost capital by selling $10 billion stock and halving its dividend. Like most other major financial ...
Bank of America profits plunge 68% - CNN MoneyNEW YORK (CNNMoney.com) -- Bank of America on Monday reported a steep decline in earnings and slashed its dividend in half and revealed plans to raise $10 billion through a stock sale. The Charlotte, N.C.-based bank said its third-quarter net income ...
Wall Street's Latest Crisis of Leadership - BusinessWeekThe current crisis on Wall Street is being characterized in technical terms that few Americans understand: subprime mortgages, credit default swaps, mortgage-backed securities, and CDOs. But this is not a crisis caused by the failure of complex ...
Bank of America reports profits fall 68 percent - International Herald TribuneNEW YORK : Bank of America Corp. on Monday reported its third-quarter results earlier than planned, revealing a 68 percent profit drop and plans to boost capital by selling stock and halving its dividend. Like most other major financial institutions ...
Bank of America to raise $10bn and cut dividend - The IndependentBank of America – the ambitious commercial bank that has snapped up Countrywide Financial, the mortgage lender, and Merrill Lynch, the historic investment bank, since the credit crisis began – is to raise $10bn and slash its dividend to bolster ...
Opinion-mongers tell only half the story - Times OnlineApparently England were rubbish. Terrible. Hugely disappointing. Such sentiments have been expressed everywhere and you have to say they look rather incongruous because they have to be dispensed beneath a 5-1 winning scoreline. It seems an unlikely ...
BofA to raise $10bn in capital - Financial TimesBank of America, the largest US bank, said on Monday it would raise $10bn in capital and halve its dividend in an effort to ride out the credit crisis. The moves came as the bank reported third quarter earnings of $1.2bn – a third of the level of a ...
McCain hopes to chop Obama's lead - Kane County ChronicleWASHINGTON (AP) - Republican John McCain, his presidential hopes battered by chaos in the American economy, has just three weeks left to come up with a consistent campaign message to close the widening gap that separates him from Democrat Barack ...

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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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