21 August, 2014 by The TZ Newswire Staff Comments Off on BofA’s $17B settlement not as large as it appears
BofA’s $17B settlement not as large as it appears
WASHINGTON (AP) — Bank of America’s purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but not by a full $17 billion.
21 August, 2014 by The TZ Newswire Staff Comments Off on China manufacturing drags on Asia, but Europe up
China manufacturing drags on Asia, but Europe up
Asian stock markets were dampened by a weak China manufacturing survey Thursday, but European stocks opened higher. Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers …
21 August, 2014 by The TZ Newswire Staff Comments Off on Why BofA deal might not cost as much as you think
Why BofA deal might not cost as much as you think
How much will Bank of America’s expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
21 August, 2014 by The TZ Newswire Staff Comments Off on Fed behind the curve, has too much influence—survey
Fed behind the curve, has too much influence—survey
The Fed is viewed as having too much influence on capital markets and is seen as behind the curve, according to a Wall Street survey.
21 August, 2014 by The TZ Newswire Staff Comments Off on What kind of insurance do drivers like me buy?
What kind of insurance do drivers like me buy?
Watching every penny is the starting point for getting rich slowly. But there are also big moves you can make that will earn or save you a lot of money. Big wins include refinancing your mortgage, negotiating your salary, improving your credit score or evaluating your car insurance. Your car insurance probably comes up for renewal every six months. When was the last time you compared insurance carriers or revised your policy to see if you could save a few hundred dollars? I thought so.
21 August, 2014 by The TZ Newswire Staff Comments Off on G20 edging towards deal on ‘bail-in’ bond cushion for banks
G20 edging towards deal on ‘bail-in’ bond cushion for banks
Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said. The bonds, known as “gone concern loss absorption capacity” or GLAC, are seen by regulators as essential to stopping the world’s 29 biggest lenders from being “too big to fail”.
21 August, 2014 by The TZ Newswire Staff Comments Off on Euro zone business growth slows in August, prices fall: PMI
Euro zone business growth slows in August, prices fall: PMI
Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday. Euro zone economic growth ground to a halt in the second, quarter, dragged down by a shrinking economy in Germany and a stagnant France, even before any impact from sanctions imposed on and by Russia over Ukraine.