Bad Loans

Wells Fargo's Earnings Fall Short On 'Uneven' Recovery

Posted 12.17.2011

Read More: Wells Fargo Profit 2011, Third Quarter, Video, Shareholders, Bad Loans, Profits, Well Fargo Earnings 2011, Wells Fargo, Losses, Banks, Economic Recovery, Wells Fargo Earnings Report, Income, Business News

(Rick Rothacker and David Henry) - Wells Fargo & Co missed Wall Street earnings estimates by a penny a share as interest income was weaker than ex...

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Citigroup Reports Higher Third Quarter Net Income

Posted 12.17.2011

Read More: Citigroup Earnings 2011, Debt, Bad Loans, Profits, Wall Street, Assets, Banks, Citi Net Income, Citi Earnings, Citgroup, Thomson Reuters I/B/E/S, Citi Profit, Income, Video, Business News

(Joe Rauch) - Citigroup Inc reported higher third-quarter earnings on Monday as the bank set aside less money to cover bad loans and recorded an a...

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Struggling To Obtain Revenue, Citigroup Profits Plunge

Posted 06.18.2011

Read More: Citi Proits, Bad Loans, Citigroup Bailouts, Citigroup Revenue, Financial Crisis, Banks Profit, First Quarter Profit, Citigroup, Business News

NEW YORK (By Maria Aspan) - Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped. ...

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Dubai Completes 110 Story Middle Finger!

Tom Gregory | Posted 05.25.2011

Read More: Dubai, Bad Loans, Banks, Madoff, Default, Economy, Banking, Banking Crisis, Stock Market, Ben Bernanke, Burg Dubai, Burj Dubai, Comedy News
Tom Gregory

Visible from space, Dubai has completed construction of the World's largest structure, the 110 story "Burj Dubai Middle Finger Tower."

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Shahien Nasiripour

How Securitization Encouraged Bad Loans

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Underwriting Standards, Securitization, Joint Forum, Bad Loans, Video, Business News

Knowing that the loans they made were about to be bundled, sliced up, and sold off made lenders more likely to relax their underwriting standards, acc...

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Banks Don't Differentiate Between Successful Business and Suffering Industries

Grant Cardone | Posted 05.25.2011

Read More: Sell to Survive, Sba, Banks, Banks Stockpile, Bad Loans, Mortgage Defaults, Banks and Lending, Grant Cardone, Small Business Administration, Government and Banks, Business News
Grant Cardone

Small businesses that depend on borrowed money to grow are unable access credit because banks are unable to see the difference between profitable companies and damaged industries.

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Lack Of Repayment Is The Reason Behind Most Failing Banks

nytimes.com | FLOYD NORRIS | Posted 05.25.2011

Read More: Banks, Bad Loans, Loans Not Repaid, Fdic, Bank Bailout, Banks Closing, Loans, Business News

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

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Mortgage Crisis: 12% Are Late, Foreclosed

AP | J.W. ELPHINSTONE | Posted 05.25.2011

Read More: Subprime Mortgages, Bad Loans, Bad Mortagages, Mortagage Crisis, Foreclosure, Mortagage-Industry, Housing Crisis, Home Foreclosures, Business News

NEW YORK — The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as...

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Plan To Rid Banks Of Bad Loans Breaks Down

Wall Street Journal | Posted 05.25.2011

Read More: Fdic, Bad Loans, Bank Loans, Business News

A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling...

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Dems Should Demand Bailout Includes Criminal Accountability For Those Responsible

Denis Campbell | Posted 05.25.2011

Read More: Congress, Bad Loans, Lehman Brothers, Corporate Greed, Bid Laden, Economic Crisis, Economy; Wall Street; Deregulation; Democrats, Election 2008, Fiscal Responsibility, Republicans, Ponzi Scheme, Home News
Denis Campbell

We're in this economic crisis because banks and investment houses cynically bet the economy would not cycle or fluctuate and ran the debt up to a number so big it could not fail. Now they must pay.

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"Liar Loans" Threaten To Prolong Mortgage Crisis

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Liar Loans, Ninja Loans, Mortgage Crisis, Housing Crisis, Bad Loans, Home Loans, Bad Home Loans, Housing Market, Business News

In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of t...

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