banks

AP - The European Central Bank says it is taking steps to make more credit available to banks that are struggling because of the eurozone government debt crisis.

The housing crisis has left banks stuck with crumbling, foreclosed houses that they can't re-sell. In Cleveland, a quasi-government corporation takes over those houses and the lenders pay to demolish them.

The idea may soon take hold in other cities as well.

» E-Mail This     » Add to Del.icio.us

Officials will present solutions to restore the lake's banks.

The famous Parisian booksellers on the river's banks are peddling less lofty merchandise -- including run-of-the-mill trinkets -- to make ends meet.

"Mass tourism means you get the same thing everywhere," says one frustrated long-time seller.

» E-Mail This     » Add to Del.icio.us

A new mortgage-related headache is threatening the nation's largest banks. Many investors -- some representing as much as $50 billion in mortgage-backed securities -- want to send back their bad loans to the originators such as Bank of America, which took over the notorious subprime lender Countrywide.

» E-Mail This     » Add to Del.icio.us

The world's largest banks have agreed to overhaul the way they do business. The new rules will require banks bolster assets against debt and other investments, something that may cut into profits.

Financial leaders reached the agreement at a meeting in Switzerland. It still needs to be approved by G-20 nations.

Meet banks and other investors at no-cost fair and class.

Early this morning, lawmakers finalized wording on a bill that would overhaul the way the government regulates banks and other financial institutions.

The legislation aims to curb the risky lending practices that contributed to the financial meltdown. The goal is to get it to the president's desk by July 4.

» E-Mail This     » Add to Del.icio.us

The much-maligned financial products brought down AIG and fueled the mortgage market meltdown. But some say they're not all evil -- they reduce costs and provide protection for customers.

And as long as trades are done in the open, they say, banks shouldn't be prohibited from the business.

» E-Mail This     » Add to Del.icio.us