Bank Credit Card Guide & Banking News

British house prices fell by record amount in 2008 - WTOP Radio
LONDON (AP) - British house prices fell by their biggest annual amount in at least 56 years during 2008 as credit seized up and incentives to enter the market evaporated amid sliding home values, a leading mortgage lender said Tuesday. The Nationwide ...
Posted: Tue, 06 Jan 2009 10:24:00 GMT

Top 15 For 2008 (No. 9): AIG Blows Up On Bad Mortgage Bets - StreetInsider.com
StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year. Number 9: AIG Blows Up On Bad Mortgage Bets The credit crisis made easy road kill of once ...
Posted: Tue, 06 Jan 2009 23:10:00 GMT

Housing, credit crises slammed bank stocks in '08 - CNBC
NEW YORK - While problems in banks' mortgage portfolios had surfaced some time before, 2008 was the year in which a landslide of deteriorating credit and concerns over capital took down industry stalwarts like Washington Mutual Inc. and Wachovia Corp ...
Posted: Wed, 31 Dec 2008 15:39:00 GMT

A Recession of Excesses - Tothecenter.com
The end result of recessions always seems to be the same: bad. This time around the way things got started though, seems to be a bit different in that the recession didn’t start as the result of the natural business cycle with its quasi predictable ...
Posted: Tue, 06 Jan 2009 18:53:00 GMT

European Banks Gird for 'The Year of Reckoning' - Wall Street Journal
LONDON -- European banks are bracing for a difficult 2009 as a rising tide of corporate bankruptcies adds to their problems with bad mortgage and credit-card loans. With the U.K. on the brink of recession and the euro zone heading for what could be ...
Posted: Wed, 31 Dec 2008 05:38:00 GMT

15 Hot Jobs in a (Gulp!) Depression - US News and World Report
Most economists do not expect the U.S. economy will go through a depression related to the credit-crisis-mortgage-meltdown-bailout bonanza. Most Americans, however, do. A recent CNN poll finds that nearly 60 percent of Americans believe we're very ...
Posted: Tue, 06 Jan 2009 20:54:00 GMT

OPINION: Whither Michigan — Be of stout heart - Dearborn Press & Guide
The government has now seen that the problems of the Big Three are not "exclusively" of their own making. The world's credit crisis due to Wall Street's plunge into the subprime mortgage sinkhole is hurting all businesses, not just auto companies ...
Posted: Tue, 06 Jan 2009 22:49:00 GMT

Rent, share, buy or swap? Modern property dilemmas for 2009 - Tiscali
Search: Buying a property with a friend - Improve your credit rating - Check the best mortgage rates - Shred vital documents We all need somewhere to call home but with the property market crumbling around our ears and the country entering recession ...
Posted: Tue, 06 Jan 2009 23:53:00 GMT

8 steps for rebuilding your finances - KUSA-TV
KUSA - Life events such as a recent divorce, dealth in the family, getting job after a long period of unemployment or filing for bankruptcy, present a common challenge: the need to reestablish yourself financially. The following steps can help get ...
Posted: Tue, 06 Jan 2009 22:34:00 GMT

Financial Fitness: Why Your Income Doesn't Matter - CNBC
We have a bad tendency to think that how much we make determines to a large part our financial fitness. The reality: our income ranks low on the list of what makes us financially fit. Last night we met Raquel , the first member of our Financially Fit ...
Posted: Tue, 06 Jan 2009 20:33:00 GMT