_Economy and Finance

Homeowner Associations in Need of Cash Sue to Force Foreclosures By John Gittelsohn - Aug 23, 2011 08:01 PM Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. (JPM) to foreclose on unit 9, so they sued the bank in February to take control of the property.

Related News: Law · Finance · Insurance · Real Estate · U.S. · Funds · Politics · Municipal Bonds Banks Await Foreclosure Deal’s Financial Terms as States Split By David McLaughlin - Apr 21, 2011 3:33 AM GMT+0900 Attorneys general negotiating the settlement of a nationwide foreclosure investigation have yet to approach banks with a proposed dollar amount that would fund principal reductions for borrowers, a state official said.

Related News: Finance · Law · Europe · U.K. & Ireland · Bonds U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales By Jon Menon and Gavin Finch - Apr 11, 2011 7:55 PM GMT+0900 The Independent Commission on Banking recommended the U.K.’s biggest banks should hold core Tier 1 capital levels of about 10 percent, implement plans for an orderly bankruptcy and ring-fence consumer units in what it termed a “moderate” set of proposals.

Related News: Economy · Finance · Law · Eastern Europe · Europe · France · India & Pakistan · Latin America · U.K. & Ireland · U.S. · Opinion · Funds · Municipal Bonds · Matthew Lynn Portuguese Bailout Costs More Than Money Alone: Matthew Lynn By Matthew Lynn - Mar 29, 2011 8:00 AM GMT+0900 Bloomberg Opinion Is it 50 billion euros? Or perhaps 70 billion euros? The cost of bailing out Portugal varies according to who makes the calculation. No one will know the real price until officials from the International Monetary Fund and the European Central Bank tell us.