In recent times, Bank of America has been in the lime light for all the wrong reasons. Dating back to 1904, this institution had many rough patches and a somewhat checkered history. Yet, it remains the largest bank in the United States with branches in more than 150 countries. It is the fifth largest company [...]

The surging foreclosures have deeply concerned the Federal Reserve Bank. Its San Francisco president, Janet Yellen has taken grave note of the impact on the foreclosures on families and localities. She was speaking at a conference in Los Angeles regarding community stabilization problems following the foreclosure crisis. She said the swift pace of rising foreclosures [...]

Once upon a time it was taken for granted that real estate prices would go up. But reality proved to be contrary. Sellers are being forced to drop prices even at a heavy loss if the unit was bought in 2005 or 2006. The housing bubble, which had been getting bloated since 2002, has suddenly [...]