TOP 100 FINANCIAL SITES
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| Bank Of England Cuts Interest Rate The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent. Both face concerns about a global economic slowdown. feeds.cbsnews.com |
Vontobel 2007 Net Profit Up 1 Pct, Misses Forecast ZURICH (Reuters) - Swiss bank Vontobel missedexpectations with a 1 percent rise in 2007 net profit, sayingits investment banking unit was hit by turbulent financialmarkets, while costs rose. feeds.reuters.com |
Bear Stearns, Lehman end late-session on losing ground Shares of Bear Stearns Cos. and Lehman Bros. remained in play following their dramatic performances in dayside trading as investors place bets on the outlook for the financial firms. feeds.marketwatch.com |
Currencies: Dollar slips after downbeat U.S. non-farm payrolls data The U.S. dollar fell to session lows Friday after the economy lost more jobs than economists had forecast, putting a renewed spotlight on worries about the depth of the U.S. economic downturn. feeds.marketwatch.com |
Bank of America-Countrywide to curb risky mortgages NEW YORK (Reuters) - Bank of America Corp said on Tuesday it plans to stop offering some riskier mortgage loans after it finishes buying Countrywide Financial Corp , the largest U.S. mortgage lender. feeds.reuters.com |