Finance time

Commerce Bancorp’s profit tumbled 47 percent in the fourth quarter as a book of loans to real estate developers soured amid flagging property values, the bank said.
Commerce Bank earned $33.4 million, or 17 cents per share, in the fourth quarter, compared with $62.8 million, or 32 cents per share, in the fourth quarter of […]

Filed under: finance by John
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The sexiest names in technology have been hit hard in a U.S. stock sell-off, but some investors are already betting on a comeback while others are sticking with the sector but switching to other stocks.
Fund managers and analysts say widespread fears over the effects of a U.S. recession have knocked out most of […]

Filed under: marketing, technology by John
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Bill Gross’s Investment Outlook this month includes the normal mix of hyperbole and mixed metaphors (”securitized WMDs”, “the pyramid begins to unravel”). But get past that, and you’ll find him saying that the CDS (credit default swap) market poses a very serious systemic risk. I think (but I’m not positive) that he’s wrong on this […]

Filed under: business, finance, lenders, market, mortgage by John
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