However, Whitney was proved correct: Citigroup pushed out its CEO, sought foreign investors and slashed its dividend. Her comments now carry added weight on Wall Street, and she has a new warning for ordinary Americans: The crisis in credit markets is far from over, and it increasingly will affect consumers.
“In fact, we believe that what [...]
India’s inflation accelerated at the fastest pace in more than 3 1/2 years, maintaining pressure on the government to do more to tame prices which threatens economic growth. Bonds fell.
Wholesale prices jumped 8.1 percent in the week ended May 17 from a year earlier, Finance Minister Palaniappan Chidambaram told reporters in New Delhi today. Economists [...]
Colombia’s peso bonds rose the most in three weeks after central bankers signaled they’re concerned about an economic slowdown, fueling speculation they may hold off from raising interest rates in coming months.
The central bank left the benchmark overnight rate at a six-year high of 9.75 percent today and said in a statement after the meeting [...]
A major bank has placed strict new rules on home loan applications - widely interpreted as a sign that many home-owners are battling to make their repayments.
And amidst escalating interest rates, fuel prices and food costs, a second leading bank is only granting home loans if applicants are likely to be able to afford repayments [...]
Brazil’s Banco Sofisa expects lending growth to taper off from first quarter highs through the rest of this year as the central bank raises interest rates to curb inflation and the country faces slower economic growth in the second quarter, CEO André Jafferian Neto told BNamericas.
“We expect to increase lending at a much lower rate [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
The liquidity position has started showing signs of strain since the Reserve bank of India could absorb only Rs 2400 crore from the market. The Usually surplus funds used to figured around Rs 30,000-40,000 crore last week. After two tranches of CRR hike and issuances of market stabilisation bonds, bills and dated securities under the [...]
Has the U.S. created an “education bubble” fueled by easy money and overborrowing by families desperate to pay rising tuition costs?
Expect a hastily sputtered “no way” from economists, university officials and student-lending specialists. They attach a high monetary value to academic degrees, Lending Mortgage no matter how fast tuition rises. As proof, they cite the [...]
India’s central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation.
The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8 percent, according to a statement in Mumbai. Nineteen of 20 analysts surveyed by Bloomberg News forecast no [...]
The great mortgage reset of 2008 isn’t turning out quite as advertised.
Thanks to interest rate cuts by the Federal Reserve, payments on sub-prime loans with expiring “teaser” rates are going up only modestly when the loans start adjusting –Commercial Lending by just 1% on average last month, one study found.
A payment that would have risen [...]
