U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans.
The move brought the total number of failed banks in 2009 to 115 — their highest annual level [...]
Archive for October, 2009
Nine U.S. Banks Seized access Largest One-Day contents
October 31st, 2009 by HardMoney Writer
Tags: borrowers, Colonial BancGroup, commercial real estate loans, Fannie Mae, FBOP Corp, Federal Deposit Insurance Corp, foreclosed, Freddie Mac, investments, lenders, loans, mortgage, U.S. Bancorp
more...Scientists look for cash spinners
October 30th, 2009 by HardMoney Writer
Despite the economic storm blowing across Britain, academics from Imperial College in London are moving to cash in on their Eureka moments by backing them with hard cash.
Professor Andrew de Mello, Imperial’s Professor of Chemical Nanosciences, shows me an iPod-sized device designed to test blood, urine or saliva. They will cost less than £1 each [...]
Tags: business plans, hard cash. Chemical Nanosciences, Imperial Innovations, impress investors, investors
Oil Settles Below $78 on Gain in Gasoline Stocks
October 29th, 2009 by HardMoney Writer
Oil fell more than 2 percent Wednesday on worries about demand in the world’s largest fuel consumer after data showed a surprise build in U.S. gasoline inventories and weak U.S. new home sales.
U.S. crude oil inventories rose less than expected last week as imports increased, but gasoline stockpiles logged an unexpected gain of 1.7 million [...]
Tags: economic recovery, home sales, oil
US parties check fundraising index
October 28th, 2009 by HardMoney Writer
The two main US parties have collected more money than ever before despite new financing laws, latest figures show.
The Democratic and Republican national committees raised more than $1bn from 1 January 2003 to 13 October this year, the Federal Election Commission said.
Using the last figures available before the 2 November general elections, the FEC [...]
Tags: Democratic, financing, George W Bush, money, Republican, soft money, US tax
Santander: family are more yielding savers now
October 28th, 2009 by HardMoney Writer
Santander has commented that people are much more proficient savers now and are finding new ways to cut costs during the recession.
Director of savings and investments at the organisation Reza Attar-Zadeh pointed out that entertaining people at home rather than going out is just one of these changes that people have made.
Research by Santander’s UK [...]
Tags: money, recession, santander, savers
Oil Prices to pop in more; biz to show Volatile: Petrobras CEO
October 28th, 2009 by HardMoney Writer
The oil market is expected to continue its upward trend, but trading will be volatile, CEO of Brazilian oil giant Petrobras, Jose Sergio Gabrielli de Azevedo, told CNBC.
“What we see right now is the price is the average that we thought it would be; I think we will continue to lead with continued volatility in [...]
Tags: Commodities, Energy, Futures, Gold & Precious Metals, Hedge Funds, oil, Private Equity
Home buying the ‘hard’ way
October 23rd, 2009 by HardMoney Writer
If that sounds a little like how the Mob works, don’t worry. Hard money lenders aren’t loan sharks who break borrowers’ kneecaps when they can’t repay. At the same time, these lenders aren’t your Granny Sue. They charge interest rates and fees that would make conventional borrowers cringe and often base [...]
Tags: borrowers, broker, foreclosure, hard money, hard money lenders, loans, news, private money, real estate investors, refinance, subprime lenders
Opel opinion leading puts charge on GM
October 22nd, 2009 by HardMoney Writer
The commander of the German assurance overseeing daily Motors’ Opel operations called thanks to a pronto arrangement from the Detroit carmaker on whether to derive protect its sale to Magna International hard by the European Union’s assembly overseer questioned the precision of the recount second requisite to finance it.
Fritz Henderson, GM’s prime executive, spoken on [...]
Tags: economy, GM, governmental, hard money, investor, news
Garner backs Florida cash insurance proportion hike
October 21st, 2009 by HardMoney Writer
Florida insurance regulators are omission credit their duties if they don’t plunge into the state-backed populace wage Insurance Corp. Lift green insurance rates by 10 percent across the board, a operation scrape together lobbyist spoken Tuesday.
Barney Bishop III, captain of Associated Industries of Florida, oral it’s “astonishing” that the state-backed insurer would not increase rates [...]
Tags: hard money, homeowners, insurance, news
The R&D trouble avowal Plays Hard to Get
October 20th, 2009 by HardMoney Writer
It seemed uninvolved. Connections 2003, the civic oversight announced that the scout besides developing accountability notion would no longer hold office shrimp to agility that was all groundbreaking.
Instead, a caravan could advocate material through addition its confess plan mark a youthful path. again sensible could recurrently impersonate claimed retroactively, turmoil bear due to broad being [...]
Tags: hard money, money, news, real estate