Greece and its European creditors agreed Monday to resume talks on what economic reforms the country must make next in order to get the money it needs to avoid bankruptcy and a potential exit from the euro this summer. The creditorsShow More Summary
A ceasefire aimed at ending the bloody fight between Ukrainian forces and Russian-backed separatists started Monday -- but is already on shaky ground... Russian President Vladimir Putin effectively withdrew from the Minsk agreement last week by signing an executive order recognizing travel documents issued by the separatist authorities in the region. Show More Summary
Chinese banks had more than 26 trillion yuan ($3.8 trillion) of wealth-management products held off their balance sheets at the end of December, a 30 percent increase from a year earlier, according to the central bank. The expansionShow More Summary
``The brief disappearance of a few green and salad vegetables was hardly a great deprivation, but we should take it seriously as an early warning sign. Like the banking system, our food system seems too big, too sophisticated and too embedded in everyday life to fail. Show More Summary
As part of the epic, multi-year criminal investigation into the doomed IPO of Spain's frankenbank Bankia -- which had been assembled from the festering corpses of seven already defunct saving banks -- Spain's national court called to...Show More Summary
``"Today, going back on to the gold standard would be perceived as an act of desperation. But if the gold standard were in place today we would not have reached the situation in which we now find ourselves. We cannot afford to spend on infrastructure in the way that we should. Show More Summary
``As Snider puts it, while most other risk indicators imply smooth sailing, "there is 'something' weird going on" when it comes to dollar funding and global imbalances of the world's reserve currency, i.e., dollar shortage.''
``Jeff Rosenberg, chief fixed income strategist at BlackRock, discusses the change in Federal Reserve Chair Janet Yellen's message on inflation as she testified this week on Capitol Hill and looks at market skepticism on the Fed's rate path. He speaks on "Bloomberg Daybreak: Americas." ''
When shopping for renovation loans and FHA 203k renovation loans, what questions should you ask your lender to be sure they are qualified and ensure a smooth process? Renovation loans are popular because they are flexible:...Show More Summary
Think you can't be approved for a mortgage? Neither did these 3 home buyers. Read their true stories.
"We had an agreement," insisted Balaouras, looking despondently down at his desert boots. "We kept to our side of the deal, but the lenders haven't kept to their side because now they are asking for more. We want the review to end. We want to go forward. Show More Summary
Bank sources say that after several months of stabilization and of a negative growth rate in new nonperforming exposure,the picture deteriorated rapidly in January, as new bad loans estimated at 800 million euros in total were created....Bank...Show More Summary
Few problems are more ingrained, or harder to combat, than the shadow economy, which appears to be growing again as new austerity measures compel once law-abiding Greeks to go off the books. Greece's black market is estimated at 20 to...Show More Summary
``"The data clearly demonstrates that there are significant structural economic imbalances in the Australian economy. Significant expansion of the broad money supply and record low interest rates by the Reserve Bank of Australia as well...Show More Summary
``In real life, I have to spend a total of 9 to 10 euros more per supermarket visit once a week. This makes a nice sum of 40 euro more per month. And that's alone for the supermarket. Add the increases in other sectors and start the calculation.''
When you look at the Chinese banking system, private estimates are that the bad debts are 25% of total assets. Banks usually run with 5, maybe 7-8% capital. Even if you said 10% capital, well, if 25% of your assets are bad, that completely...Show More Summary
Governor Oystein Olsen said that the continued rise in oil cash spending, which now accounts for about 20 percent of the budget and 8 percent of gross domestic product, must now be halted to protect the $900 billion fund, the world's...Show More Summary
``[Go] back a generation to what made Bill Gates his fortune. Somewhere between the first wordprocessor and Word, between Lotus 123 and Excel, we destroyed millions upon millions of jobs for typists, accounting clerks and so on. This...Show More Summary
What happens if you have to change jobs while you are in the middle of getting a mortgage? Lenders typically recommend that you do not make major changes if you are in the middle of trying to get a mortgage, because lenders look for continuity, and will have to re-verify information if major changes are made. Show More Summary
Joint VA Home Loan: Non-Eligible Co-Borrowers Special rules apply when co-borrowers who are not married take out a VA home loan. All co-borrowers don't need to be VA-eligible. However, only the eligible borrower's portion of the loan gets a VA guaranty. Entitlements are pro-rated when joint borrowers include: the veteran and one or more nonveterans (not spouse) the […]