Calls for transparency intensify for Citigroup

On Nov. 19, an extensive advertising supplement to the Detroit Free Press listed more than 17,000 parcels of property in the Wayne County area that were subject to tax foreclosure.

Mayors warn that foreclosures to hit metro areas

Rising foreclosures will lead to billions of dollars in lost economic activity next year in the nation's major metropolitan areas, but homeowners and financial institutions have the ability to work together to ...more

Subprime mortgage victims overlooked

I've been visiting people who have been most affected by the subprime mortgage debacle.
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Business Digest

Maryland EInstruction to buy Columbia's Interwrite EInstruction, a Texas-based technology company, will acquire Columbia's Interwrite Learning for an undisclosed amount, the businesses said yesterday.

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Nation JPMorgan Chase to lay off 91 in Calif. JPMorgan Chase & Co. will lay off 91 employees at its mortgage operations center in Ontario, Calif., amid a downturn in the housing market and tighter lending ...more

Calls for transparency intensify for Citigroup

Calls for more transparency at Citigroup Inc. grew louder Monday when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet and spend $35 billion to bail them out.

Housing boom hits Asia

I sure hate being called 'un-American' for telling the truth, but I guess that's to be expected in Mississippi by people with 'country beliefs,' whatever that means.
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Dollar up on Citigroup cash boost

Investment arm of Abu Dhabi government to pump $7.5 billion into Citigroup Dollar rebounds from 30-month low against yen, hope credit crisis will not be severe Speculation that oil-rich Middle East nations may ...more

U.S. mayors warn worst of mortgage crisis ahead

An escalating mortgage crisis will push another 1.4 million U.S. homes into foreclosure and drive nationwide property values lower by 7 percent next year, according to a report released on Tuesday by a group ...more

FIELDSTONE: Lender seeks bankruptcy

A housing lender acquired nine months ago by Credit-Based Asset Servicing and Securitization LLC is seeking bankruptcy protection.
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Housing boom hits Asia

A housing-market meltdown may be wracking the U.S. economy and shaking the financial markets, but in Asia, the question is how to cool things down.
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Barclays vows to overcome credit turmoil

Northern Rock PLC will hold accelerated takeover discussions with a consortium led by Virgin Group, the battered mortgage lender said Monday.
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Bailout triggers - reputation race'

Calls for more transparency at Citigroup Inc. grew louder Monday when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet and spend $35 billion to bail them out.

Credit concerns, banks give stocks that sinking feeling

Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. retreated after Goldman Sachs Group Inc.
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U.S. Stock-Index Futures Rise, Indicating a Rebound From Market's 10% Drop

U.S. stock-index futures climbed, pointing to a rebound from the market's first 10 percent drop in four years, after Citigroup Inc.
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Dance-Along Nutcracker? 2007: RAT-ified! - SF Lesbian/Gay Freedom Band - 12/8 & 9

Dance-Along Nutcracker 2007: RAT-ified! - SF Lesbian/Gay Freedom Band - 12/8 & 9 Note from Betty: This annual holiday event is one you must see to believe .
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Barclays vows to overcome credit turmoil

Barclays today again reassured investors that customers in its High Street branches and for Barclaycard will ensure it hits profit expectations this year despite turmoil in the world's credit markets.