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 Times 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
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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: NULL
The 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.