Money market funds losing safe-haven allure

Money market funds may be losing their safe-haven status as worries about banking sector exposures compound near-zero interest rate returns, leading to a third year of capital outflows

Money Legend -

Finance Minister asks Public Sector Banks to devise strategies for containing NPAs

New Delhi, Jul 8: Finance Minister Pranab Mukherjee today asked Public Sector Banks and Financial Institutions to make efforts to contain the deteriorating trend of Asset Quality by devising suitable strategies for bringing down NPAs.

Money Legend -

Finance Minister Pranab Mukherjee cautions banks on asset quality

Finance Minister Pranab Mukherjee cautions banks on asset qualityFinance Minister Pranab Mukherjee cautions banks on asset quality

Money Legend -

Mortgage Assist: Can a Reverse Mortgage Calculator Assist You?

It has been predicted that millions of homeowners will lose their homes in the year 2011, due to foreclosure. This number will reduce, since foreclosure prevention has been made available, through multiple mortgage assistance programs. The Federal government has set up several bailout programs to help the homeowner save their homes from foreclosure. Many banks and lending institutions are also trying to provide help for the homeowner as well. There is a great need to keep American families in their homes. Congress recognized the problem and enacted the Federal Loan Modification program.

Money Legend -

Finance Minister says Ontarians assailed by “right wing nonsense”

In this election year, Ontarians are being assailed by a raft of “right wing nonsense” propagated by the Progressive Conservative party, says Liberal Finance Minister Dwight Duncan.

Money Legend -

German finance chief defends bailouts

Germany's finance minister defended rescue packages for Greece and other eurozone countries in court.

Money Legend -

German finance chief defends bailouts in hearing

Germany's finance minister defended the rescue packages for Greece and other eurozone countries at a supreme court hearing on Tuesday, as opponents argued that the bailouts violated both German and European law.

Money Legend -

Greek finance minister to meet Germany’s Schaeuble Wednesday

ATHENS - Greece's Finance Minister Evangelos Venizelos will have a working dinner with his German counterpart Wolfgang Schaeuble in Berlin on Wednesday to discuss the debt crisis, the Greek finance ministry said on Tuesday.

Money Legend -

Finance Minister to meet PSU bank chiefs on July 8

New Delhi, July 3 Finance Minister Pranab Mukherjee will hold a review meeting with the heads of public sector banks and financial institution in the light of rising interest rates and concerns of slowdown.The meeting will take stock of the financial performance of the banks during the financial year ended March, 2011.It would also dwell upon credit flow to the productive sectors, sources ...

Money Legend -

Finance minister insists Germany committed to EU

GERMAN FINANCE minister Wolfgang Schäuble has insisted that ongoing euro zone turbulence has not changed Berlin’s commitment to the EU and that Germany remains “anchored in the middle of Europe, surrounded by friends”.

Money Legend -