Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Executives at JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group (GS.N) have talked in public and to [...]
Archive for the ‘money’ Category
Regulators tell banks to restrict dividends, buybacks: report
March 10th, 2010 by HardMoney Writer
Tags: banks, buybacks, credit crisis, economic, financial industry, shareholders, us regulators
more...Obama won’t fill Fed seats this week
March 2nd, 2010 by HardMoney Writer
President Barack Obama wants to move quickly to fill vacancies on the Federal Reserve Board, but has made no decision yet and will not be announcing appointments this week, White House officials said on Tuesday.
Fed Vice Chairman Donald Kohn announced on Monday he will retire in June. His departure means Obama has three seats to [...]
Tags: barack obama, fed, Federal Reserve, us bank central, white house
U.S. economic growth revised up on inventories
February 26th, 2010 by HardMoney Writer
The U.S. economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on Friday.
In its second reading of fourth-quarter gross domestic product, the Commerce Department said the economy grew at a 5.9 percent annual rate, rather than the [...]
Tags: business investment, businesses, commerce department, economy grew, inventories, US Economy
Bernanke, retailers hold key for stocks
February 20th, 2010 by HardMoney Writer
Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Investors are eager to hear more on the thinking behind the Fed’s surprise move to raise its discount rate, especially because the Fed’s loose monetary policy [...]
Tags: ben bernanke, economic recovery, Federal Reserve, financial sector, us unemployment, wall street
Economists see slow recovery taking hold
January 26th, 2010 by HardMoney Writer
Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
Tags: economy, financial crisis, news
Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer
The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
American Gold Trust Announces Release of Digital 24-Page Gold & Silver Coin Catalog
December 21st, 2009 by HardMoney Writer
American Gold Trust, one of the fastest growing coin companies in the world and a premier leader in the gold and silver industry, has announced the release of its new 24-page digital catalog. The first catalog of its kind to be released online, American Gold Trust’s digital coin catalog is meant to help investors who [...]
Tags: American Gold Trust, financial interest, hard money, hard money portfolios, investors
Bank files against Jay Miller
December 18th, 2009 by HardMoney Writer
Heritage Oaks Bank has joined the list of creditors who say that now bankrupt former North County lender Jay Hurst Miller owes them money, according to a recent filing with the U.S. Bankruptcy Court in Santa Barbara.
In the filing, bank Executive Vice President William Raver declared that Heritage Oaks made a $250,000 personal loan to [...]
Tags: bankrupt, borrower, hard money, hard money lender, lender, loan, money, real estate
Young Boss, Hard Money
December 17th, 2009 by HardMoney Writer
The young entrepreneur we visit today is struggling with the funding for his jellyfish business. The 100,000 yuan start up funding he got from the government is about to run out. But the 100,000 yuan has never been so important to him.
Wang Wenlong has been running his aquarium company for three years. And jellyfish is [...]
Tags: aquarium company, hard money, industry experts, investors, marketing consultants, Shanghai technology, Wang Wenlong
California Department of Real Estate official discusses lending fraud
December 16th, 2009 by HardMoney Writer
Since the collapse of the housing market and the start of the recession, the California Department of Real Estate has seen its fair share of bad real estate actors and defunct hard-money lending firms.
While the department does not keep statistics to show whether fraudulent behavior is worse in this county, Jeff Davi, commissioner of the [...]
Tags: District Attorney’s Office, estate financial, hard money, hard money lenders, investments, investors, lending fraud, mortgage lending, real estate