FRANKFURT, Jan 4 (Reuters) - Commercial banks' overnight deposits at the European Central Bank hit a new record high of 453 billion euros, data show...
Small businesses have always been the backbone of the economy in America. The current leaders seem to have forgotten this piece of our economic puzzle.
As the struggling recovery inches along, many of us on the ground know residential real estate's dirty little secret: getting to the closing table has become increasingly more difficult.
The death blow for Michael Dalrymple's Phoenix eco-friendly building supply company was the credit freeze that paralyzed the banking system and the na...
When Ryan Fochler couldn't get a bank loan to start his dog-walking business, Ylan Q. Mui writes, he tried a less conventional source for start-up fun...
Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, the Federal Deposit Insuran...
Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.
Never ones to let an opportunity go unexploited, mortgage lenders are taking advantage of a market fueled by low interest rates and massive government...
WILMINGTON, Delaware (Reuters) - The U.S. government has provided more than $1 trillion of support to financial companies in a bid to keep credit flow...
There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.
Bailing out big banks has hardly contributed to a climate conducive to free markets and competition. On the contrary, it has allowed institutions already too big to fail to gobble up other banks.
The big banks are storming Washington, determined to kill the Consumer Financial Protection Agency. But there is an even bigger change in the wind: regulating the non-banks.
If one could reduce the point of all the massive government planning and intervention and bailouts down to a single pressing need, it's this: we must ...
Consumer-lending activity has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and ru...
"Lending like crazy" is exactly what helped trigger the global financial crisis -- and reflating those trends would be a major mistake if that is what the Obama administration is pushing.
It seems to me that if the seller and buyer are in agreement on all terms, then the mechanics of the closing should never delay the manifestation of the parties' desire and intent, i.e. money for deed.
A version of this entry was posted on the DMI blog.
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