Written by For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of his Boston home. READ MORE »
Posts tagged financial crisis
Stocks fall on renewed concerns about Greek debt
NEW YORK — Investors are looking past a jump in home sales and focusing on concerns about Greece’s debt problems. READ MORE »
Germany ready to help Greece soon if it saves more
Merkel says will help if Greece agrees tougher savings.
Says agreement for aid could come in matter of days.
Says Germany feels obligation towards euro’s stability. READ MORE »
Euro hits multi-year low, recovers on short covering
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »
Spain Sees Credit Squeeze but Denies EU Rescue Bid
Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue. READ MORE »