Posts Tagged ‘Bank’

U.S. stocks open quietly Thursday as focus remains on Greece

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks were little changed on the open Thursday as investors keep a close eye on developments in Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was up 25 points, while the Standard & Poor’s 500 Index [...]

Greek banks run out of collateral acceptable to ECB

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greece activated on Wednesday night the Emergency Liquidity Assistance after the country’s lenders run out of collateral acceptable to the European Central Bank. The Greek Central Bank made the move which is seen as the last stand for the country’s banks. The ELA allows national central [...]

European Central Bank hikes interest rates to 1.5 percent

Vittorio Hernandez – AHN News Frankfurt, Germany (AHN) – The European Central Bank raised on Thursday key lending rates by a quarter point to 1.5 percent. The rate hike aims to curb inflation, said ECB President Jean-Claude Trichet. He hinted of more benchmark rate increases in the future, despite weak economic growth in southern Europe [...]

European Central Bank leaves interest rates alone for now while signaling increase coming soon

Linda Young – AHN News Writer Brussels, Belgium (AHN) – The president of the European Central Bank president made comments that indicate eurozone interest rates could go up next month. The ECB announced Thursday that for the time being interest rates would hold steady at 1.25 percent. At the same time he made that announcement, [...]

In St. Petersburg, code violations pile up at bank-owned vacant homes

By Susan Taylor Martin, Times Senior Correspondent Friday, March 25, 2011 ST. PETERSBURG — A few weeks before Christmas, a city of St. Petersburg code investigator cited Deutsche Bank for failing to maintain the swimming pool at a vacant foreclosed house on 10th Street N. Now, a few weeks before Easter, the water is pea [...]

CB Restricts Needy Borrowers

Restrictions on bonds accepted as collateral by the Central Bank threaten to drive up debt costs for the nation’s lowest-rated companies. The so-called Lombard list of eligible securities … View full post on All Stories

Bank Chief Rejects Idea of Reducing Home Loans

Bank of America executives said on Tuesday that a government idea to write off tens of billions worth of mortgage debt was unworkable and warned that it would be unfair to untroubled borrowers. View full post on All Stories

BofA Pilots Program to Lower Mortgages

Arizona, Nevada, and California are among the states that have proposed using federal aid money to have Bank of America lower the amount struggling borrowers owe on their mortgages. View full post on All Stories

Reserve Bank leaves interest rates steady

THE central bank has spared borrowers an interest rate rise, leaving the cash rate at 4.75 per cent in a widely expected move. View full post on All Stories

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