first_img Show Comments ▼ All 50 US states yesterday launched a joint investigation of the mortgage industry, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market.The state attorneys general are looking at allegations some banks used shoddy or fraudulent paperwork to remove struggling borrowers from their homes during a foreclosure crisis that is one of the most visible wounds of the 2007-2009 recession.Industry experts warn the investigation could put the brakes on foreclosure proceedings. One of every four homes sold in the second quarter was a foreclosed property and any slowing could have an impact on the broader economy, as the housing market traditionally drives recoveries after a downturn. The US has an $11 trillion (£6.9 trillion) residential mortgage market. whatsapp Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img KCS-content More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Wednesday 13 October 2010 8:02 pm US announces state probe of practices among mortgage firms last_img

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first_img KCS-content BARCLAYS will have no choice but to consider leaving the UK, according to prominent UBS banks analyst John Paul-Crutchley.In a note to investors asking if the bank could be “the first to leave” London, Paul-Crutchley said yesterday that Barlcays and JP Morgan are “broadly comparable”, except that the Fed has given JP Morgan permission to up its dividend whereas “Barclays remains mired in the fog of regulatory uncertainty”.Comparing the £554m compensation that Barclays paid to its top managers versus the £653m it was permitted to pay out in dividends by UK regulators, he said: “If this difference [between local regulations] becomes permanent, we think Barclays has little option but to consider shifting domicile.”Paul-Crutchley adds that moving its headquarters to a larger economy could make sense for Barclays given that its balance sheet is equivalent to 100 per cent of GDP. “Rather than Barclays being too big [to fail], it may well be that the UK is too small.” The analysis points to Barclays’ 2010 annual report, which lists only HSBC in its peer group in the UK. Speculation on whether London could lose a major bank due to stringent regulation has centred on HSBC due to the bank deriving most of its revenues abroad.Paul-Crutchley also estimates both Barclays’ and JP Morgan’s core tier one capital ratio under Basel III as opposed to Basel I or II, which neither of the banks have yet disclosed.The estimates come out at 7.81 per cent for Barclays and 7.23 per cent for JP Morgan. If accurate, it means both banks have their work cut out to meet Basel III requirements (seven per cent) plus a likely capital surcharge for “too big to fail” banks, which is expected to be two to four per cent. whatsapp UBS: Barclays too big for UK More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tuesday 29 March 2011 8:42 pm Share Show Comments ▼ whatsapp Tags: NULLlast_img

first_imgThe United Basalt Products Ltd (UBP.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2017 interim results for the half year.For more information about The United Basalt Products Ltd (UBP.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The United Basalt Products Ltd (UBP.mu) company page on AfricanFinancials.Document: The United Basalt Products Ltd (UBP.mu)  2017 interim results for the half year.Company ProfileThe United Basalt Products Limited operates in two segments which are building materials and agriculture, to manufacture, retail and sell building materials in Mauritius. The company’s core products include aggregates, rocksand, hollow concrete blocks, precast concrete slabs and ready-to-use dry mortars. The United Basalt Products Limited also provides various concrete building components, such as paving-blocks and roof tiles, imported floor and wall tiles, and sanitary ware as well as home building and decorating products, fittings, tools, and garden accessories. The Agriculture segment deals in the cultivation of sugarcane, plants and landscaping services. The United Basalt Products Limited is listed on the Stock Exchange of Mauritius.last_img

first_img Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Peter Stephens The fall in the FTSE 100 in recent weeks means it’s now trading at its lowest level since July 2016. Back then, investors were concerned about the impact of Brexit on the UK economy. Today, coronavirus’ impact on global supply chains and demand in major economies such as China is their main fear.In the short run, investor sentiment may continue to be highly cautious. However, in the long run, a successful recovery in the FTSE 100’s price level seems likely. As such, now could be the right time to buy a diverse range of FTSE 100 shares and hold them for the long run.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Short-term risksThe ultimate impact of coronavirus on the world economy is a known unknown. So far, it has caused a number of factories in China to close, while consumer demand for a range of products has fallen as a result of lower footfall to retail outlets.This trend could continue in the short run, and may even increase depending on the severity of coronavirus’ outbreak in countries such as the US and across Europe. As such, it would be unsurprising for the FTSE 100 to experience a high level of volatility in the coming weeks and months – especially since investor sentiment is already weak. Investors could respond very unfavourably to news that coronavirus is spreading more rapidly, for example.Long-term prospectsDespite the short-term impact on the world economy from coronavirus, the likelihood is that the FTSE 100 will recover in the long run. A similar pullback, although perhaps not on the same scale, occurred during the SARS outbreak in 2003. However, at that time, investor sentiment was already relatively downbeat due to the fallout from the bursting of the tech bubble.Despite those difficulties, the FTSE 100 recovered to double by the time the financial crisis hit in 2007. Even though that was one of, if not the, worst recession in living memory, the index successfully posted new record highs in the following years.As such, the pattern of the FTSE 100 shows that short, sharp corrections and bear markets are fairly commonplace and can occur for a variety of reasons. In addition, they have always been followed by successful recoveries.Buying opportunityBuying FTSE 100 shares today could be a risky move in the short run due to the potential for a further decline in the index’s price level. However, over the long run, it could prove to be a sound move. It may enable you to capitalise on low valuations across a variety of sectors which increase your potential rewards in the coming years.Therefore, investors who are able to look beyond near-term uncertainty and buy into the recovery prospects of the index may be handsomely rewarded in the long term.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Peter Stephens | Monday, 2nd March, 2020 Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. The FTSE 100 is at its lowest since 2016. Here’s what could happen nextlast_img

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