BANK OF AMERICA MORTGAGE RATES NEWS & INFORMATION
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Wednesday, January 07, 2009
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LATEST BANK OF AMERICA MORTGAGE RATES NEWS:
Euro Falls to Three-Week Low on Speculation ECB Will Cut Rates
Jan. 6 (Bloomberg) -- The euro fell to a three-week low against the dollar on speculation slowing inflation will prompt the European Central Bank to cut interest rates more than forecast. (AFX UK Focus) 2009-01-07 03:57 Hong Kong shares weaker as China telco, bank falls outweigh local property gains HONG KONG (XFN-ASIA) - Share prices were weaker mid-morning, reversing opening gains, as losses in China telecom and bank shares outweighed gains in local property firms. Despite The Bad News, Bank Customers Will Find Some Deals In 2009 Despite The Bad News, Bank Customers Will Find Some Deals In 2009 (AFX UK Focus) 2009-01-07 05:46 Hong Kong shares end morning weaker as China telcos, banks slide - UPDATE HONG KONG (XFN-ASIA) - Share prices finished the morning weaker as China telecom firms saw further profit-taking as Beijing prepared to issue 3G licenses, and mainland banks were sold off after news that Bank of America cut its stake in China Construction Bank (CCB). (AFX UK Focus) 2009-01-07 09:35 Hong Kong shares close sharply lower as China telcos, banks take a hit - UPDATE HONG KONG (XFN-ASIA) - Share prices closed sharply lower on further profit-taking in China telecom firms, as Beijing issued long-awaited 3G licenses, and a sell-off of mainland lenders after Bank of America cut its stake in China Construction Bank (CCB). Wells Fargo, Bank of America complete purchases Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and job losses mounted. THE RATINGS GAME: Bigger Loan Losses Will Hurt Banks In 2009, Deutsche Bank Says NEW YORK (Dow Jones) -- Banking stocks traded lower Monday, retreating as Deutsche Bank analysts cut their profit outlook and warned that trouble is likely to spread to more types of loans this year as the economy worsens. |




