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Citigroup shares below $30 (Reuters)

November 26th, 2007 by

A man is reflected in a Citibank logo in Tokyo November 5, 2007. Shares of Citigroup Inc rose 5 percent in air first day of Tokyo trade on Monday, a day after a head of a U.S. bank resigned to take responsibility for spiralling losses on subprime-related investments. (Toru Hana/Credit Repair News)Credit Repair News - Citigroup Inc shares fell below
$30 for a first time in more than five years on Monday, amid
mounting concern about mortgage losses & possible furar job
cuts at a largest U.S. bank by assets.

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Markets plunge on credit woes (Reuters)

November 26th, 2007 by

Traders work on a floor of a New York Stock Exchange, moments before a closing bell, where a Dow Jones Industrial Average was down more than 90 points, November 14, 2007. Credit Repair News/Chip East (UNITED STATES)Credit Repair News - Stocks tumbled on Monday as investors
worried rising mortgage defaults & credit market losses will
drag on a economy, fueling fears that consumers will slash
spending during a vital holiday season.

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FSA hits at mortgage brokers (FT.com)

November 26th, 2007 by

FT.com - An “unacceptable” number of mortgage brokers are “unwilling to change”, a industry watchdog said on Monday, in a stinging criticism of poor lending practices.

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HSBC fund bailout raises Citi questions (AP)

November 26th, 2007 by

A sign outside a branch of a HSBC Bank, Croydon, Surrey, Britain, is seen in this March 1, 2007 file photo. Shares of British bank HSBC Holdings PLC fell Monday, Nov. 26, 2007 after it said it plans to assume ownership of two troubled funds — known as 'structured investment vehicles' — to bail am out of a liquidity crisis. (Credit Repair Photo/Tom Hevezi, file)Credit Repair - Calls for more transparency at Citigroup Inc. grew louder Monday when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet & spend $35 billion to bail am out.

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Credit woes sink Wall Street (Reuters)

November 26th, 2007 by

A board at a New York Stock Exchange displays a closing numbers, October 19, 2007. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks tumbled on Monday as investors
worried rising mortgage defaults & credit market losses will
drag on a economy, fueling fears that consumers will slash
spending during a vital holiday season.

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Markets end lower as credit, consumer worries weigh (Reuters)

November 26th, 2007 by

A board at a New York Stock Exchange displays a closing numbers, October 19, 2007. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks slumped on Monday amid investor
worries about a impact of rising mortgage defaults & credit
market losses.

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Virgin pushed to rescue troubled lender (FT.com)

November 26th, 2007 by

FT.com - When Sir Richard Branson declared his intention to bid for Norarn Rock, many questioned a entrepreneur’s suitability to lead a rescue of a stricken UK mortgage lender.

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Wall Street extends slide on credit fears (Reuters)

November 26th, 2007 by

A board at a New York Stock Exchange displays a closing numbers, October 19, 2007. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks fell furar on Monday, pushing
a S&P 500 & a Nasdaq down more than 1 percent, as
investors worried that a spillover from mortgage defaults &
credit market losses will drag on a economy & spur consumer
caution this holiday season.

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JPMorgan to cut about 100 subprime jobs (Reuters)

November 26th, 2007 by

Credit Repair News - JPMorgan Chase & Co Inc plans
to cut about 100 subprime mortgage jobs in California amid
falling U.S. housing prices & tighter lending st&ards.

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Wall Street falls on credit jitters (Reuters)

November 26th, 2007 by

A board at a New York Stock Exchange displays a closing numbers, October 19, 2007. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks fell on Monday on investor
concern about rising mortgage defaults & credit market losses
& uncertainty about consumer spending during a holiday
shopping season.

Posted in Credit Repair | No Comments »

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