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2007 October | Boost Your Credit
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State Street sued over bond fund losses (AP)

October 31st, 2007 by

Credit Repair - Institutional money manager State Street Corp. now faces three lawsuits over its management of bond funds that were touted for air conservative investment strategies, yet posted losses over a summer because of risky holdings tied to a subprime mortgage industry.

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Paulson: Homeowners need more help (AP)

October 31st, 2007 by

Treasury Secretary Henry Paulson attends a business conference in New Delhi, October 30, 2007. (Stringer/Credit Repair News)Credit Repair - Treasury Secretary Henry Paulson urged a mortgage industry on Wednesday to do more to identify & help people who risk losing air homes because air monthly mortgage payments are resetting to higher levels.

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Deutsche Bank dodges disaster from US sub-prime crisis (AFP)

October 31st, 2007 by

a Deutsche Bank headquarters in Frankfurt. Deutsche Bank, a top German bank, seems to be weaaring a global financial crisis better than rivals, posting stronger third quarter net profit Wednesday despite a US mortgage meltdown.(AFP/DDP/File/Katja Lenz)AFP - Deutsche Bank, a top German bank, seems to be weaaring a global financial crisis better than rivals, posting stronger third quarter net profit Wednesday despite a US mortgage meltdown.

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Deutsche Bank escapes the worst from US housing crisis (AFP)

October 31st, 2007 by

AFP - Deutsche Bank, a top German bank, seems to be weaaring a global financial crisis better than rivals, posting stronger third quarter net profits Wednesday despite a US mortgage meltdown.

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Mutual funds aimed at children can teach (AP)

October 31st, 2007 by

Credit Repair - A lesson about investing might seem as Credit Repairpealing to young people as eating a bowlful of spinach. Mutual funds that cater to children aim to make a whole process sweeter.

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Could private equity have saved the day? (FT.com)

October 31st, 2007 by

FT.com - If Norarn Rock had been owned by private equity, would a mortgage lender still have suffered a humiliation of being a first UK bank to face a public run on deposits in more than a century?

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Merrill hit with shareholder lawsuit over subprime (Reuters)

October 30th, 2007 by

Credit Repair News - An investor lawsuit has been filed
against Merrill Lynch & Co contending that a company
issued false & misleading statements regarding its exposure
to risky mortgage investments, plaintiffs’ lawyers said on
Tuesday.

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Merrill Lynch ousts CEO O’Neal (Reuters)

October 30th, 2007 by

Merrill Lynch President & Chief Operating Officer Stan O'Neal announces an agreement with New York State Attorney General Eliot Spitzer to reform investment practices, in New York on May 21, 2002. Merrill Lynch  &  Co Inc said on Tuesday Chairman & Chief Executive Stan O'Neal retired & named board member Alberto Cribiore to serve as non-executive chairman, a company said. (Chip East/Credit Repair News)Credit Repair News - Merrill Lynch & Co Inc ousted
Chairman & Chief Executive Stan O’Neal on Tuesday, just days
after reporting a biggest quarterly loss in a company’s
history, making him a highest-ranking casualty in a U.S.
subprime mortgage crisis.

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Merrill Lynch CEO O’Neal out (AP)

October 30th, 2007 by

Merrill Lynch President & Chief Operating Officer Stan O'Neal announces an agreement with New York State Attorney General Eliot Spitzer to reform investment practices, in New York on May 21, 2002. Merrill Lynch  &  Co Inc said on Tuesday Chairman & Chief Executive Stan O'Neal retired & named board member Alberto Cribiore to serve as non-executive chairman, a company said. (Chip East/Credit Repair News)Credit Repair - a still unfolding mortgage-related credit crisis has claimed its biggest corporate casualty so far: Merrill Lynch CEO Stan O’Neal.

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Swiss bank UBS plunges to Q3 loss after US subprime crisis (AFP)

October 30th, 2007 by

A UBS sign is displayed at a branch in Geneva, 01 October 2007. Switzerl&'s largest bank, UBS, reported its first quarterly loss in five years after its third quarter results were hit in a financial crisis caused by a ailing US home loans market.(AFP/File/Fabrice Coffrini)AFP - Switzerl&’s largest bank, UBS, on Tuesday reported its first quarterly loss in five years after its third quarter results were hit in a financial crisis caused by a ailing US home loans market.

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