Standard and Poor’s, along with two other defendants, were ordered to pay US$21 million after an Australian court found they misled investors.
Character conversion transactions under fire, as Budget targets their current tax treatment.
Two more U.S. lenders are supporting bonds backed by private home loans, also known as mortgage-backed securities, reports ft.com. JPMorgan Chase issued a $616 million bond. It limits how and when it will compensate investors if the underlying loans are fraudulent. Meanwhile, a $308 million bond by EverBank Financial is even riskier, says ft.com, because […]
The Budget must support Canada and enhance its competitiveness.
Americans won’t be able to fund their retirement dreams. At least not with the $25,000 401K plus $100,000 in personal savings that the average American has, reports Forbes. The outlook is dire, going from bad to worse. The first wave of baby boomers, says Forbes, will be forced to come back to work; the next […]
The days of mortgage wars are over.
The financial industry's earnings over the past 6 years seem strong, but small firms are in jeopardy.
Finance Minister Flaherty’s attempts to cool the hot housing market may be for naught — especially now that most banks are offering mortgage rates under 3%, says the Globe and Mail. So why does Ottawa continue to keep rates artificially inflated? 1) Rate obscurity Discouraging banks from publicly advertising rates that are under 3% keeps […]
HSBC may be trimming thousands more employees.
Have you ever wondered how much a pot of gold would really be worth?