Mortgages? Big banks may be throwing in the towel

2019-04-28

Courtesy Everett Collection Mortgages aren’t looking wonderful to the nation’s largest banks. You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every borrower personally. In the mortgage market of 2019, borrowersRead More →

Uber IPO has 4 big red flags that should alarm you

2019-04-13

Uber Technologies dropped its offering prospectus late Thursday as it prepares for an initial public offering in May. The one number it hopes potential investors will notice is revenue growth, which was up 42% last year to $11.3 billion from $7.9 billion in 2017. That’s probably enough for the growth-at-any-priceRead More →

Brexit Brief: Big business to begin leaving Britain

2019-02-01

Around one in three British businesses will shift some of their operations away from U.K. — or have already done so — as part of their preparations for a disorderly Brexit. That is according to a survey from lobby group the Institute of Directors, which surveyed 1,200 of its membersRead More →