NetGrafika

After months of discussions, the five biggest mortgage services agreed to a $26 billion settlement with federal and state officials.  According to newspapers, the biggest banks in the mortgage market – Bank of America, Ally Financial, Wells Fargo and JP Morgan Chase – will give $17 billion to help current homeowners. More than $1 million [...]

Inflation in the 17 countries that use the euro was unchanged in the year to January at 2.7 percent, official figures showed Wednesday, February 1 reinforcing market expectations that the European Central Bank will decide to keep interest rates unchanged at its next policy meeting, AP reported. The first estimate for the month from Eurostat, the [...]

The Office of the Maryland Public Defender needs $28 million to comply with a court ruling that requires indigent defendants have lawyer at bail hearings.Prosecutors say it will cost local governments $83 million more. “We need to comply with this decision,” Maryland Public Defender Paul DeWolfe told the House Judiciary Committee Thursday. “We are an [...]

Italy’s goal of refinancing some 90 billion euros of long-term debt by the end of April is beginning to look within reach after months when the weight of its debt burdenlooked likely to tip the euro zone even deeper into crisis, Reuters reported. In spite of this month’s mass downgrade of most euro countries by credit [...]

BUDGET UNVEILED: Gov. Martin O’Malley yesterday morning released a $35.9 billion state operating budget that shifts $293 million to the counties to pay for teachers’ pensions, the Annapolis Capital’s Earl Kelly reports. The Gazette’s Steve Kelly looks at the highlights of O’Malley’s budget, focusing on all the new ways the governor plans to raise revenues. INCOME TAX HIKE: O’Malley said [...]

Robust growth in China helped stock markets rally strongly Tuesday, January 17 as investor fears of an abrupt slowdown in the world’s second-largest economy were eased. With Europe seemingly heading back into recession and the U.S. still to convince that it’s economy is improving, China is important to shore up the global economy as well as sentiment, [...]

It’s important to have one or more banking accounts with a reputable FDIC-backed bank or credit union. There are dozens of types of bank accounts to choose from, but if you’re trying to save money, there are a few types of accounts that can be particularly beneficial. Why Savings Accounts Are Important It should come as no [...]

Are you looking for investments that carry little risk? There are some choices available for you.  If you believe that investing in the stock market might not be for you, then you may be interested in considering some lower risk investments, such as a guaranteed investment certificate or GIC. A GIC is an investment that [...]

Top auditor PricewaterhouseCoopers has been fined a record 1.4 million pounds in Britain for wrongly telling local regulators for seven years that J.P. Morgan Securities was keeping client money safe.  The successful case brought by the Accountancy and Actuarial Discipline Board (AADB) is the latest sign of how regulators are taking a harder line on [...]

Eurozone banks deposited a record amount of overnight funds at the European Central Bank, official data showed Wednesday, Dec 28, as banks remain extremely wary of lending to each other. According to AFP, banks put 452.03 billion euros ($590.6 billion) on deposit for 24 hours at the European Central Bank, beating the previous record of [...]