Toronto-Dominion Bank took another step toward its goal of becoming a top retail player in the U.S. with the $6.3 billion purchase of the former auto-lending arm of Chrysler.
TD said Tuesday the purchase of Chrysler Financial Corp. from private-equity fund Cerberus Capital Management LP gives the bank a big presence in a growing [...]
Posts Tagged ‘consumer’
TD Bank to Buy Chrysler Financial
December 21st, 2010 by Financial Writer
Tags: au, bank, business, Canada, consumer, financial, Invest, lending, loan, loans, us
more...China Rate Speculation Splits Analysts, Former PBOC Official
December 11th, 2010 by Financial Writer
China can’t raise interest rates because of the risk of attracting inflows of cash that would fuel inflation, said Wu Xiaoling, a former deputy governor of the central bank.
“The global low interest-rate environment prevents China’s central bank from raising interest rates,” Wu said in a speech at a hedge fund [...]
Tags: au, bank, banking, banking group, central bank, China, consumer, economic, economist, economists, financial, glo, increase, inflation, interest rate, interest rates, lender, lenders, lending, money, money supply, rate, ubs, us
The overblown menace of robosigners
December 9th, 2010 by Financial Writer
A lot of homeowners face foreclosure. The overwhelming majority of them haven’t been making their house payments.
This simple truth has been obscured by the foreclosure paperwork scandal.
In 23 states, foreclosures must be accomplished through the court system. (In the other states, lenders handle foreclosures administratively, although homeowners can choose to defend themselves in court.)
Lenders are [...]
Tags: au, bank, bank of america, consumer, consumer advocates, Debt, debts, foreclosure, foreclosures, homeowners, job, lender, lenders, mortgage, new york, owners, president, us
Government plans three new measures to bolster economy
December 6th, 2010 by Financial Writer
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy”>
Christopher Furlong/Getty Images
Canada’s Conservative government will introduce three new measures in coming weeks to bolster the country’s economy
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Paul Vieira, Financial Post · Thursday, Sept. 16, 2010
The federal Conservative government plans to introduce three new measures in the coming weeks aimed [...]
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Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
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Consumer borrowing falls sharply in November
January 9th, 2010 by Financial Writer
Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound.
The [...]
Tags: borrowing, consumer, credit cards, economic activity, economic recovery, Federal Reserve