26 May 2005 01:35 PM

The benchmark 30-year mortgage rate fell to 5.65% from 5.71%, according to Freddie Mac.

26 May 2005 07:06 AM

Barclays Plc has upped its forecast for for loan losses in 2005 causing its stock to fall. U.K. third-largest bank’s Finance Director Naguib Kheraj said that the bank’s forecast for loan losses is ’’somewhat higher.’’ He predicted that a slowdown soft patch in the U.K. housing market will ``slow the rate of growth of consumer borrowing in the U.K.’

23 May 2005 12:11 PM

Ten major banks including Bank of America Corp. and Wachovia Corp. have raised their estimates of a number of clients whose personal account information has been stolen to 500,000 clients residing in New Jersey, Florida, Georgia, North Carolina, South Carolina, Maryland and Pennsylvania. The bank and personal information about these accounts has been sent to a person who later resold it to collection agencies. The

23 May 2005 08:13 AM

Goldman Sachs Group Inc. leads in underwriting initial public offerings where investors lose money, evidence shows as money was lost by invetors in 8 of the firm’s 10 IPOs in 2005. This led to a 10.8% drop in shares of the world’s most profitable securities firm. Goldman Sachs earned about $120 million from organizing IPOs this

23 May 2005 07:40 AM

Mizuho Financial Group said today that it expects its 2005 profit to fall 20% on weak demand for loans.

20 May 2005 09:16 AM

Government-backed Fannie Mae bolstered its capital, according to its regulator, the Office of Federal Housing Enterprise Oversight, and was "significantly undercapitalized" at the end of 2004.

20 May 2005 08:24 AM

The bank of Japan said it would temporarily lower its target for the injections into Japan’s economy on the weaker demand from lenders. The

19 May 2005 03:01 PM

U.S. mortgage rates fell last week, according to Freddie Mac . The benchmark 30-year mortgage rate declined to 5.71% from 5.77%.

19 May 2005 10:47 AM

Morgan Stanley has introduced a new rule on its advertising stipulating that the investment bank will have the right to add a clause to its advertising contracts that will allow it to remove ads that are put close to negative articles about the company. The request was addressed to the companies including Wall Street Journal, USA Today

19 May 2005 07:53 AM

Edward Gramlich is expected to step down as a Federal Reserve governor as soon as August on the speculations on the future successor of Alan Greenspan whose term as the Fed’s chairman expires in January next year. The

19 May 2005 07:48 AM

Savvy real estate investors have found a new and interesting way to escape the down payment – they substitute a letter of credit for it. This means was previously employed in the industries that have lags between the times of striking and closing a transaction, securities transactions or the import/export business among

18 May 2005 01:32 PM

U.S. home mortgage applications declined last week on drop in purchasing and refinancing activity, according to the Mortgage Bankers Association. The seasonally adjusted index tumbled 10.5% to 699.2. The MBA's seasonally

18 May 2005 05:07 AM

Ronald Perelman’s lawsuit against Morgan Stanley is not in fact over yet, as the investment bank’s appeal against the ruling of Judge Elizabeth Maass has serious grounds, in the opinion of the lawyers.

17 May 2005 02:43 PM

The housing market is hot, which cause people to stretch their means to buy a new house, the report of the Mortgage Bankers Association reveals. This is revealed through an increase in adjustable-rate and interest-only mortgages that constituted two-thirds of mortgage loans originated in the second half of 2004. "The

17 May 2005 10:38 AM

Chinese banking investor HSBC Holdings Plc said it was in talks with partners to launch a new local securities firm in China. ``If