U.S. nonfarm payrolls declined for the sixth straight month, falling in line with expectations by a total of 62k jobs in June, according to the Bureau of Labor Statistics on Thursday. May's jobs figure was revised to a loss of

Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com.

Bruce Schneier this morning linked to a new paper titled "Understanding the Web browser threat: Examination of vulnerable Web browser populations and the insecurity iceberg" by researchers from Google Switzerland and IBM Internet Security Systems. The conclusion of the article,

GMAC Commercial Finance has agreed to sell 100% of its shares in GMAC CF Poland to North European financial group Skandinaviska Enskilda Banken. CF Poland is a factoring and promissory note discounting operation based in Warsaw, Poland.

Another credit card fraud case has been busted in the country. The Mumbai Police Crime Branch has blown the lid of a credit card fraud worth over Rs 25 lakh. The police is said to have arrested three people, who

Following the footsteps of many public sector banks, state-owned Bank of India (BoI) has decided to hike its deposit rates. The new deposits would be higher by 0.25-0.6 percent across various tenures and will come into effect from July 2.

Following in the footsteps of country's largest lender, State Bank of India (SBI), four more public sector banks have taken a call on their lending and deposit rates. These steps have been in response to RBI's hike in the repo

In a bid to increase their consumer base, Mangalore-based Corporation Bank has resorted to technology advancement. On 1st July, the bank launched a feature rich savings bank account, called 'CorpCompassion'. The new account comes with many services which include, SMS

In yet another case of a credit card fraud, a man was duped of Rs. 40,000 when his card was used for buying petrol while he was out of the country. KH Kaji, who is a resident of Navjivan in

The foundation day of the State Bank of India came with a pinch of salt for its customers as the bank's chairman hinted at a home loan rate hike in a week. The bank was celebrating its foundation day on

Banking is truly going mobile. Following SBI's announcement on its foundation day to venture into the sphere of mobile banking, Bank of India and Union Bank of India are also walking the same path. This breakthrough in banking comes after

Interest rate hikes are continuing with the Bank of Rajasthan (BoR) and IDBI Bank also announcing their respective hikes in deposit and lending rates. Effective from July 1, private-sector lender, Bank of Rajasthan (BoR), has decided to hike its Benchmark

In what can be termed as a gift to its customers, the largest bank in the country, State Bank of India, announced on its foundation day (1st of July) that it has launched a 'Cash Back' for its debit card

After the hike in the BPLR would have hit the home loan customers, Allahabad bank is trying to heal their wounds by providing term loan facilities for housing loan customers of their bank. For this purpose, Allahabad Bank has tied-up

If your car breaks down - you go to a mechanic, right? If you have a health problem you go to a doctor. If you want to learn new skills you go to school or college. So if you want

Fannie Mae and Freddie Mac are two government sponsored entities (GSEs). GSEs are set up by the government but run privately. These two GSEs were started to back up mortgages, making it easier for banks to dole out more mortgages

Do you want your credit score to plummet, go ahead and co-sign for someone. I personally believe this is a huge problem. With your credit score and credit report being the roadmap to financial health, the question is can you

In today's business fraternity, the existence of variable rate business loans in UK is prominently visible. Most of the business oriented companies are considering this financial assistance to draw huge amount of profit. This loan plan is basically available with

Drowning in debts as you read this article? Having a hard time settling your debts which are now payable and insistent? Giving up necessities just to get by? Hopeless due to the overwhelming responsibilities your to have to shoulder? Don't

Once Upon A Time...men (and women) exchanged goods and services with each other and they called it "bartering". In effect, they were exchanging something that they owned for something that they wanted or needed. What they owned may simply have