Mortgages News

FRANKFURT, Sept 15 (Reuters) - European shares fell sharply on Monday, led by financials such as UK mortgage bank HBOS on Wednesday. LandesBank Berlin (LBB) said the latest events showed that an end to the financial crisis was definitely not in sight. "Especially in the United States, it is impossible to say whether other big financial institutes will fall into the abyss," LBB said in  ...

LONDON, Sept 15 (Reuters) - British buy-to-let mortgage lender Paragon Group Of Companies Plc said it had ended all talks about a possible takeover of the company, having rejected an approach worth 373 million pounds ($657 million). Paragon shares ended 14.7 percent lower at a nine-week closing low of 81 pence on Monday. Paragon, which first said on July 22 it was in takeover talks with several  ...

LONDON (Thomson Financial) - Paragon Group Of Companies Plc. said talks regarding a possible offer for the company have terminated as it felt the possible offer price of 125 pence per share in cash was unacceptable. Although other discussions have been taking place during this period, these discussions are unlikely to result in an offer which the company would consider to be acceptable, the Briti ...

NEW YORK, Sept 15 (Reuters) - Nervous investors waited for American International Group to announce a survival plan on Monday as the insurer tries to avoid becoming the latest financial titan swept aside by the U.S. credit crunch. In the biggest financial shake-up since the Great Depression, frantic attempts to find a rescuer for investment bank Lehman Brothers Holdings Inc failed over the weeken ...

Sept 15 (Reuters) - STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 13:12GMT 15 Sept 2008-Defensive Fresenius bucks weak trend ---------------------------------------------------------- Shares in Fresenius Medical Care gain 0.6 percent, bucking the negative trend on the DAX, which is down 4 percent, as traders say the company's defensive characters are creating deman ...

NEW YORK, Sept 15 (Reuters) - Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. As a deepening crisis took new, bigger victims, The U.S. Federal Reserve said for the first time it would accept stocks in exchange for cash  ...

BEIJING (XFN-ASIA) - The People's Bank of China (PBoC) announced that it is cutting the benchmark one-year lending rate by 27 basis points to 7.20 pct from tomorrow. It marks the first cut in China's key interest rate since February 2002, and suggests that authorities are concerned about slowing growth. The PBoC said it will also cut the 6-month lending rate by 36 basis points to 6.21 pct. The r ...

LONDON, Sept 15 (Reuters) - U.S. Treasuries surged on Monday with futures on track to make their biggest one-day gain since the U.S. stock market crash of 1987 as news that Lehman Brothers had filed for bankruptcy triggered a wave of panic buying in safe-haven government bonds. Treasuries futures jumped more than two full points to 118-7/32 to their highest since mid-April, while two-year yields ...

BEIJING (XFN-ASIA) - The People's Bank of China (PBoC) announced that it will cut the benchmark one-year lending rate by 27 basis points, in an apparent bid to spur the economy. The central bank said in a statement that the one-year lending rate will be reduced to 7.20 pct from tomorrow. It marks the first time the bank has adjusted the benchmark lending rate since December 2007. The PBoC said  ...

Ian Drury, Daily Mail15 September 2008, 9:55am Multi-million-pound firms such as Tesco which use 'immoral' tax dodges will be targeted in a LibDem crackdown to save £5bn a year. LibDem leader Nick Clegg: Party says large firms are 'immoral' to dodge taxes WANT TO KNOW MORE? Fuel help for poor attacked as 'useless' Brown rejects 50% tax on high earners OTHER STORIES Fears for UK mortgages as Lehman folds 63,000 XL tourists still stranded abroad Market report: ...