Wednesday, April 7, 2010 as of 11:14 AM ET
In finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule.
Read More at Wikipedia ›The euro zone will likely hold together, but continuing volatility could result in a deposit-guarantee scheme being created for the members of the monetary union, HSBC Holdings PLC (HBC) Chief Executive Stuart Gulliver said Friday.
"Our working assumption is that the euro zone will hold together," Gulliver told the annual meeting. "But there will be heightened periods of volatility."Gulliver said he could see a European equivalent of the U.S. Troubled Asset Relief Program being implemented and a euro-wide deposit-guarantee scheme to stop deposits fleeing less stable economies. The TARP effort consisted of the U.S. government buying assets and equity from financial institutions during the subprime mortgage crisis.The CEO added that HSBC wouldn't use the ongoing turmoil on the Continent as an opportunity to buy a European bank. "We don't see this as an opportunity to buy a bank," he said.Meanwhile, the majority of HSBC investors voted to back the global bank's executive remuneration repor...The Financial Industry Regulatory Authority has fined Citigroup Inc.'s (C) Global Markets group $3.5 million for allegedly posting inaccurate data about deals it was...
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The Schroder International Multi-Cap Value fund (SIDNX) will go anywhere in the world for a good value.The fund, rated four stars out of five by Morningstar, has mor...
“Unintended Consequences” author Ed Conard on the misconceptions about Mitt Romney and his work at Bain Capital.
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Schadenfreude is described in the dictionary as enjoyment obtained from the trouble of others. Lots of people on Wall Street probably can't spell it, but it doesn't ...
One of the biggest problem banks in the country -- and the beneficiary of a big taxpayer bailout -- is a little closer to getting its act together. But Ally Financia...
Ally Financial Inc.'s (GMA.XX) troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from su...
Attempting to speed up its repayments to taxpayers, bailed-out lender Ally Financial put its troubled Residential Capital division into Chapter 11 bankruptcy and sai...
The Federal Reserve Bank of New York on Friday said it asked Wall Street dealers to bid on eight complex mortgage assets with face value of about $2.4 billion this m...
The euro zone will likely hold together, but continuing volatility could result in a deposit-guarantee scheme being created for the members of the monetary union, HS...
Big gun investors John Paulson, Steve Cohen, Anton Schutz and Eddie Lampert all made surprising investment moves this past quarter that investors may want to take no...
Markit chief economist Chris Williamson weighs in on European market concerns.
In the three years since President Obama signed landmark credit card reforms into law, are consumers or banks better or worse off?Banking industry representatives ha...
A bankruptcy judge approved Residential Capital LLC's request to stop funding home-equity lines of credit Wednesday as the subprime lender looks to preserve value fo...
Valley National Bank CEO Gerald Lipkin on the impact of financial regulation overhaul.
Former Bain Capital Managing Director Ed Conard on the president’s attacks of Mitt Romney as a businessman.
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