Category: Banking

Portugal Pays Much Higher Interest Rate

January 5th, 2011
in News, Banking

Portugal 6-month Treasury bills issued yeaterday carried an average yield of 3.69 percent, far above the 2.05 percent Portugal paid for a similar issue in September. Early last year, the rate was below 0.6 percent. more »

Chile Peso Drops with Plans for Dollar Buy

January 4th, 2011
in News, Banking

Chile's central bank said it will buy $12 billion in the foreign-exchange market and the value of the peso plunged the most in one day since 1989. more »

Bank of America Settles with GSEs

January 3rd, 2011
in News, Banking

Bank of America Corp agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans. more »

Mortgage Rates Jump Again

December 31st, 2010
in News, Banking

Mortgage rates climbed higher this week, with the average conforming 30-year fixed mortgage rising to 5.02 percent, according to Bankrate.com's weekly national survey. more »

Ten Largest Bankruptcies in History

December 30th, 2010
in Background, Banking

Five of the ten largest bankruptcies in history are not financial sector companies. more »




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