But bad loan disposals ahead of schedule
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TOKYO (CBS.MW) - Japan&#39;s largest bank Mizuho Financial Group and third-largest bank Sumitomo Mitsui Financial Group said Monday their first-half net profit fell from a year earlier, but both achieved their goals of halving bad loan ratios ahead of schedule
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Not so long ago, highly leveraged companies could get loans to bail themselves out. Now they canât.
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Big builder Hovnanian appears to be saying that things could get worse before they improve.
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Consumers who cut it close by paying bills from their checking accounts a couple of days before depositing funds will be out of luck under a new law that takes effect Oct. 28.
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The problems of subprime loans hint at broader risks in financial markets.
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Prepare for an odd kind of financial disaster.
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Tenet Healthcare sees bad news for quarters to come.
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Beware of interest-only mortgages and other extreme loans.
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Fremont Investment &amp; Loan yesterday agreed to postpone foreclosure proceedings against 2,200 Massachusetts homeowners after state officials determined the lender gave subprime mortgages to borrowers who could not afford the loan payments.
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Consumers who have become used to writing checks in the expectation of having at least a couple of days to cover them with a deposit may soon be in for a rude awakening.
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Nip problems in the bud before they blossom into big expenses.
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Home foreclosures have set a record in the face of a Fed request to avoid taking homes.
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Writing a check a day or two before you have enough money to cover it will soon become a riskier money-management strategy, some consumer and banking groups warn.
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Starting Thursday, if you write a check, the money had better be in the account to back it up. The cash could be coming out quicker.
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Disappointing data come as credit crisis looms.
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The nationâs number 2 buyer and backer of home mortgages saw a 45 percent drop in second-quarter profits after setting aside $300 million to account for bad loans.
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Bankruptcy rumors followed by a denial put the lender's shares in flux.