When the Federal Reserve changes rates we all have questions: What does it mean to me?
Will my mortgage rate go up or down? Is this a good time to refinance?
We've looked at five categories - mortgages, home equity loans, auto loans,
credit cards and certificates of deposit - to determine if the Fed's moves made
you a winner or a loser.
Banking News
Bank of America Q2 net income falls - 24.07.2008 Bank of America has reported that its net revenue for the quarter rose to $20.32 billion, which was driven by an expanded net interest yield, loan growth and higher income from service charges, mortgage banking and investment and brokerage services.
Rothschild Private Banking targets £10bn in UK - 22.07.2008 A recruitment drive at the UK arm of Rothschild Private Banking could help assets grow fivefold to £10bn in the next few years, according to Gary Powell, head of the business.
Barclays secures £4.5bn from investors - 21.07.2008 Barclays has announced it has secured £4.5 billion from investors to shore up its balance sheet but ordinary shareholders only took 19% of new shares offered at 282p each.
J.P. Morgan Chase profit falls 53% the first half of 2008 - 18.07.2008 J.P. Morgan Chase said 17 July that net profit declined by 51% - up to 4.38 billion U.S., compared with 9.02 billion U.S. received during the same period a year earlier.
Significant growth of the Russian banks - 16.07.2008 The top order of banks in the central and eastern Europe (CEE) region changed little in 2007, but the striking story is the strength of the largest Russian banks.
General Electric profit fell 6 percent - 11.07.2008 Industrial and financial conglomerate General Electric Co. said Friday its profit fell 6% in the second quarter, and has agreed to sell its Japanese consumer finance business for $5.4 billion.
European banks need up to US$141 billion - 05.07.2008 Goldman Sachs said the European banks sector needs to raise about $94-billion to US$141-billion, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9% - a level achieved by European banks that have recapitalized recently.
Iran has withdrawn around $75 billion from Europe - 16.06.2008 Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said.
