Business

Rising Mortgage Rates Are Two-Edged Sword for Banks

The fast rise in rates has spurred homeowners to pull back from refinancing their mortgages . The fall in refinances also will hit an important area of consumer-loan growth for banks. Still, rising mortgage rates pose a threat to the housing market . The gap for owner occupied fixed rate loans spreads to 170 basis points for five-year terms.

Business

Gold coin dropped in Salvation Army Red Kettle

Hawkins-Okosun, in her second year in the community, said bell ringers are needed for a variety of locations throughout the community, including Tops Markets and Kmart. "We've already had someone drop $100 into one of the kettles", Phipps said. "The key is we need bell ringers", he said. "Some people came and applied for the job, but then never showed up for the orientation", said Salvation Army Captain Sanhty Thammavongsa", said in a press release.

Business

'Moana' cruises with $81.1M Thanksgiving weekend

New Regency backed the $25 million-plus film, which couldn't crack the top 10. This news story is related to Latest/168083-Disneys-Moana-tops-NAmerican-movie-charts/ - breaking news, latest news, pakistan ne. "I don't think you could find a better line-up in theaters right now", said Paul Dergarabedian, senior media analyst for comScore. "I'd rather see a group of great movies maybe not breaking a record than a group of awful movies breaking records left and right".

Business

This is what Europe's biggest bank expects from Italy's crucial referendum

Italy is likely to retain a broking role in Brexit talks, despite uncertainty over Prime Minister Matteo Renzi. Pretty much everything. Italy has an unemployment rate of 11% and living standards have barely grown since the country became a founder member of the single currency 15 years ago.

Business

Referendum on December 4th Could Decide The Fate of The Euro

Needless to say , there is panic in the rickety Italian banking system where at least 8 banks could need a bailout - an impossible task with Italy carrying a debt burden of more than 130% of its GDP. Italy goes to the polls on Sunday, with results expected the following day. The younger generation of voters appears just as split. During his second year in office, he's proposing a referendum for "radical and controversial change in the government" which is known for its inefficiencies ...

Business

European Stocks Fall on Banking Weakness as Political Risk Returns

Italy's borrowing costs rose sharply at an auction on Tuesday, reflecting political worries, but firm demand suggested some investor were hedging their "short" positions by buying the underlying bonds. Remo Casilli/ReutersWhat shape is the Italian economy in? The campaign has been long and brutal, leaving the country as divided as at any time since the constitution was originally introduced in 1948, with Renzi's own Democratic Party (PD) split by the reform and facing much soul searching ...


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