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No let-up for busy US high-grade market
ReutersBy Joy Ferguson and Rachelle Kakouris May 16 (IFR) - There was no let-up in the high-yield market on Thursday even after the deluge of deals yesterday, when 10 issuers rushed to market for a total of USD7.5bn. A total of USD10.451bn has priced so far...Tags: Builders FirstSource Inc., StoneMor Partners LP, Books, JPMorgan Chase & Co., Mexico
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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...Tags: Freddie Mac, Credit Ratings, Mortgages, Financial and Business Services
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Libor floors stripped from U.S. leveraged loans
ReutersNEW YORK (Reuters) - Massive demand from investors has pushed yields on U.S. leveraged loans to 2004 levels and aggressive market conditions continue to strip protection from new deals, including removing Libor floors that guarantee minimum yields for...Tags: Mutual Funds, Economy, Business and Finance, Universal Health Services Incorporated, Financial Markets, Credit and Debt
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UBS Americas hires in-house experts to spur life insurance sales
ReutersNEW YORK (Reuters) - After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort...Tags: Bank of America Corp., UBS AG, Insurance, Wells Fargo & Co., Raymond James Financial Incorporated
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Veterans home-loan bond money going untapped
SACRAMENTO — In the last century, Californians have said yes to every request for money to help veterans buy homes. Since 2000, they have signed off on $1.4 billion in bonds for that purpose. But most of that money remains untapped. In fact, the...Tags: U.S. Congress, Mental Health, Elections, Homes, Marketing
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Families reduce first-quarter debt
Los Angeles TimesWASHINGTON -- American families reduced their debt load in the first three months of the year by 1 percent, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household...Tags: Federal Reserve, Credit and Debt, Financial and Business Services, Consumers, Social Issues
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Federal deficit shrinks at surprising rate
WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...
Tags: Government Debt, Republican Party, Productivity, Economy, Business and Finance, Elections
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Avon Residents Vote In Budget Referendum On Wednesday
Residents vote today on an $81.76 million budget that town officials have proposed for the upcoming fiscal year. Voting is at the Avon Senior Center, at 635 West Avon Road, and the deadline to do so is 8 p.m. The budget represents a $3 million...
Tags: Elections, Credit and Debt, Local Government, Politics, Debt Market
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Families reduced their debt load in first quarter to 2006 level
WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...
Tags: Bank of America Corp., Federal Reserve, Credit and Debt, Consumers, Financial and Business Services
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READER SUBMITTED: Savings Institute's Anderson Shifts To Commercial Lending
WindhamBill Anderson has transferred to the Savings Institute Bank and Trust's commercial lending area, according to Rheo Brouillard, president and CEO. Mr. Anderson has for the past 18 years served the bank as a branch manager, a regional manager and most...Tags: Willimantic (Windham, Connecticut), Norwich, Financial and Business Services, Marketing, Business
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TransUnion: Credit quality of mortgage borrowers nationwide has improved
Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....Tags: Federal Reserve, Banking, Chicago Mortgages, Mortgages
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BofA cuts 2 million customers loose
It's long been a basic tenet of the business world: You give us more business, we'll reward your loyalty with better deals. That's how cable companies operate with their service packages. That's how phone companies work. And until now, that's pretty...
Tags: Satellite and Cable Service, American Express Company, Countrywide Financial Corp., Bank of America Corp., Economy, Business and Finance
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| Reuters
May 15, 2013
|Story| Reuters
May 14, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| Hartford Courant
May 14, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Hartford Courant
May 13, 2013
|Story| Chicago Tribune
May 14, 2013
|Column| Los Angeles Times
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