U.S. Sues Deutsche Bank Over Loan Practices
The government says the bank and its mortgage unit lied about loans included in a program to insure mortgages. View full post on All Stories
Utah banks borrowed billions during fiscal crisis
The Federal Reserve pumped billions of dollars into numerous cash-short Utah financial institutions through an emergency loan program known as the discount window during the financial crisis that began in 2007, helping to prevent a credit collapse that View full post on All Stories
Bank of Japan Is Said to Mull Loan Program After Earthquake
The Bank of Japan is considering offering temporary loans to banks to aid companies with cash- flow shortages in the wake of the record March 11 earthquake, three people familiar with the matter said. View full post on All Stories
Two more banks to repay TARP loans
WASHINGTON, March 19 (UPI) — Two large U.S. banks said they would repay emergency government loans from the TARP program after the Federal Reserve relaxed bank restrictions this week. View full post on All Stories
One in Five Mortgages Default Again After Modification
One in five U.S. homeowners whose loans were modified under a federal government program to help reduce foreclosures were at least 60 days late in their payments a year after their mortgages were reworked. View full post on All Stories
GM forgoes $14B in fed loans for green autos
General Motors Co., confident in its strategy and financial future, will forge ahead with its green vehicle program without government retooling loans, and plans to accelerate its national rollout of the plug-in Chevrolet Volt. View full post on All Stories
Grow Small Business “Bailout” Workshop Helps Small Business Owners Use the Legal System for Pennies
The nationwide small business consultant company, Grow Small Business, held its first Small Business workshop last month at the Southfield Westin Hotel. The workshop’s theme, Small Business “Bailout,” attracted attendees from all parts of the tri-county region. The audience of small business owners and entrepreneurs was delighted and encouraged to learn that there are legal [...]
Is NJ’s unemployment program too generous?
Speaking on a panel before a group of business leaders last month, Assembly Republican Leader Alex DeCroce must have thought his remarks that the state’s unemployment benefits were too generous would resonate with the audience. View full post on All Stories
United Way taking funding requests
United Way of Merced County is accepting letters of intent from agencies that want to request funding for a community benefit program during fiscal year 2011-2012. View full post on All Stories
Mississippi banks took Fed loans
Three banks in Mississippi got millions of dollars from a Federal Reserve short-term loan program aimed at stabilizing financial markets. View full post on All Stories
