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TD Bank sees C$350 million trading charge, stock dropsThursday, November 20, 2008 @ 12:11PMsaid on Thursday that the "dramatic" lack of liquidity in global credit markets will prompt charges of C$350 million ($273 million) for credit-trading losses, reducing its fourth-quarter earnings.

TD Bank sees C$350 million trading charge, stock dropsThursday, November 20, 2008 @ 11:48AMToronto-Dominion Bank said on Thursday that the "dramatic" lack of liquidity in global credit markets will prompt charges of C$350 million ($273 million) for credit-trading losses, reducing its fourth-quarter earnings.

300,000 Londoners face negative equity trapWednesday, November 19, 2008 @ 6:49AMHundreds of thousands of London home owners are heading for negative equity as the economy slides inexorably towards the uncharted territory of deflation.

US eases loan repayment terms for homeownersWednesday, November 19, 2008 @ 1:57AM Hundreds of thousands of American homeowners are to make lower mortgage repayments under a sweeping programme of loan renegotiations brokered by the US government to slow down the rate of property repossessions. Treasury officials yesterday announced a programme restricting repayments to 38% of household income for many borrowers. The arrangement will involve loans packaged by the mortgage ...

7 Ways To Recession-Proof Your LifeTuesday, November 18, 2008 @ 10:09PM Find out what you can do to prepare and cope in tough economic times.

Citigroup freezes US home repossessionsTuesday, November 18, 2008 @ 5:45PM The US bank Citigroup is halting repossessions for most of its struggling mortgage borrowers in response to pressure for a softer approach in tackling the vast American sub-prime loans crisis . Citi said it was imposing a moratorium on foreclosures for all clients willing to work "in good faith" to restructure mortgages, as long as they have sufficient income to make payments of some ...

The Humpty Dumpty EconomyFriday, November 14, 2008 @ 2:59PMBy: Peter Schiff, Euro Pacific Capital, Inc. Before the current economic crisis became apparent to all, the most popular fable used to describe America’s uncanny economic resiliency was the story of Goldilocks.

Local foreclosures increase dramatically in recent monthsFriday, November 14, 2008 @ 10:31AM Melrose has not been spared the financial and emotional cost as bank foreclosures on properties run rampant across the nation in the wake of a global financial crisis that initially began with subprime mortgages. This, despite the fact that Melrose remains a relatively stable market in terms of home sales while elsewhere, housing sales continue to stagnate nationwide.

Dimon: Recession will be worse than meltdownWednesday, November 12, 2008 @ 8:39PMJPMorgan Chase CEO outlined his dire economic outlook to a banking conference.