The biggest benefit of last fall’s Troubled Asset Recovery Program was that financial companies like Countrywide, Bank of America, Citigroup and Wells Fargo increased their quarterly residential mortgage business by $134 million, according to the Treasury Department. Even monthly loan originations jumped. Mortgages, home equity lines of credit and other consumer loans increased during March, [...] [...]
When financial services giants announced plans to send executives on incentive trips to chi-chi hotel/resort destinations last fall and earlier this year – drawing the ire of Congress and the public – the travel and upscale hospitality industries were suddenly caught in the “AIG effect” crossfire. “They (financial companies) didn’t understand the impact of the [...] [...]
Consumers and investors are anxious about the economy and the stock market, but loans are still being made and return on investment is still possible at Colorado banks, says the president of the Colorado Bankers Association. “Public perception is that there isn’t any credit available,” said CBA President Don Childears, “but banks chartered and headquartered in [...] [...]
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