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Morpace Reports: Online Banking Becoming Universal Among Online Youth Segment

added: 13-02-2009

Among individuals who are active online, 80 percent are now enrolled in their bank's online banking service according to new Morpace survey data. The proportion is much higher among online users aged 18 to 34 (89 percent) than among those 55 and over (71 percent).

Consumer Confidence Slides As Joblessness Snowballs, According to RBC CASH Index

added: 13-02-2009

Continuing a year-long decline, U.S. consumer sentiment hit new all-time lows in February on news of accelerating joblessness, according to the most recent results of the RBC CASH (Consumer Attitudes and Spending by Household) Index. As a result, the overall RBC CASH Index stands at 1.6 for February 2009, down from 13.3 in January. This is the first time in the seven-year history of the Index that it has dropped into the single digits.

Foreclosure Activity Decreases 10 Percent in January 2009

added: 13-02-2009

RealtyTrac(R)released its January 2009 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 274,399 U.S. properties during the month, a 10 percent decrease from the previous month but still up 18 percent from January 2008. The report also shows one in every 466 U.S. housing units received a foreclosure filing in January.

Regional Development: Faster Funding for Economic Recovery

added: 13-02-2009

Faster, more flexible funding for regional policy projects will help EU economic recovery, but faster funding must not mean looser rules, said the Regional Development Committee.

One in Nine Americans Have Contemplated Bankruptcy

added: 13-02-2009

The ongoing recession - with rising layoffs, home foreclosures and credit defaults - is clearly placing pressure on the finances of millions of Americans.

Bankrate: Mortgage Rates Reverse Course

added: 13-02-2009

Mortgage rates fell sharply from one week ago, with the average 30-year fixed mortgage rate dropping from 5.70 percent to 5.34 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.37 discount and origination points.

Industrial Production Down by 2.6% in Euro Area in December 2008

added: 12-02-2009

In December 2008 compared with November 2008, seasonally adjusted industrial production fell by 2.6% in the euro area (EA15) and by 2.3% in the EU27. In November production decreased by 2.2% in both zones.

EU Must Step up and Coordinate Support Measures for the European Economy and Automotive Industry

added: 12-02-2009

The European automotive manufacturers urge the EU to intensify and coordinate efforts to restore the functioning of the financial market and overcome the current crisis. The vehicle industry, in particular, needs significantly broader and quicker access to financial support through the European Investment Bank as part of a broader set of measures to survive the economic turmoil, ensuring innovations in low-carbon technologies and maintaining the high-skilled workforce Europe needs.

Properly Functioning Banking Sector Essential for Recovery Plans to Work

added: 12-02-2009

Homeowner Perception Changing: Most No Longer In Denial About U.S. Housing Slide

added: 12-02-2009

American homeowners' perceptions of the value of their own homes moved more in line with reality at the end of 2008, at least when it came to hindsight. More than half (57 percent) believe their own home lost value during the year, according to the Zillow Q4 Homeowner Confidence Survey. This is markedly more than the 38 percent who believed their home's value was declining when asked during the second quarter of 2008.

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