FHA reverse mortgage losses may require bailout

FHA reverse mortgage losses may require bailout

WASHINGTON The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with higher mortgage insurance premiums, a Senate subcommittee w…

Cyber heists: Hackers take $1 billion a year as banks blame clients for crime

VALEINA Allison got a call from her bank on a busy morning two years ago about a wire transfer from her company’s account. She told the manager she hadn’t approved the transfer. The problem was, her computer had. (18 mins ago)

Australian Personal Finance Rises In December

In Australia, personal finance in December rose a seasonally adjusted 4.1% month-on-month, a report by the Australian Bureau of Statistics said Monday. Personal finances increased to AU$6.36 billion from AU$ 6.1 billion in the previous month. (1 hour ago)