WASHINGTON (VOA) – The Federal Deposit Insurance Corporation says soured loans in the U.S. have led to a dramatic rise in bank failures, resulting in a $3.7 billion loss for the banking industry in the second quarter. In its quarterly report on the health of U.S. banks, the agency that guarantees bank deposits says the [...]
Housing market shows improvement
August 25, 2009 By Leave a Comment
WASHINGTON (VOA) – Major stock indexes are at their highest levels for the year following the Federal Reserve’s improved economic outlook last week and a national report showing a big bump in home sales. The National Association of Realtors says sales of existing homes surged seven percent in July – the biggest monthly increase in [...]