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Banks Credit

  • U.S. Treasury debt prices eased Monday after a surprise increase in pending home sales and news that a troubled bond insurer raised new capital removed some of the recent flight-to-safety bid.

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    Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the second largest on record, a real estate trade group said.

  • MBIA

    Buyout firm Warburg Pincus has agreed to invest $1 billion in MBIA, bolstering the finances of the world's largest bond insurer amid concern about its ability to pay claims on faltering mortgage-backed bonds.

  • A Bank of America branch.

    Bank of America, the second-largest U.S. bank, is winding down a $12 billion money-market type fund for  institutional investors, CNBC has learned.

  • Freddie Mac, the second-largest U.S. home funding company, said Monday it has adopted guidelines that may reduce the number of delinquent loans it purchases from mortgage pools, easing stress to its capital base.

  • UBS revealed a $10 billion writedown and an emergency injection of funds from Singapore and the Middle East, making it the biggest victim of the U.S. subprime crisis to date among major European banks.

  • Citigroup Center

    Citigroup's board is planning to meet this week to choose a new chief executive to replace Charles Prince, who stepped down last month amid mounting subprime losses at the banking giant.

  • Sometimes weekend newspaper pickups go nowhere and sometimes you hit pay dirt. This morning, putting together "Squawk Box Europe", the team debated the merits of a story carried by the Swiss weekly the Sonntagszeitung. It said UBS management held an unscheduled board meeting at the weekend and could announce more sizeable writedowns.

  • This is Cramer's favorite play on China's growth.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

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    An investment group led by veteran troubleshooter Luqman Arnold made a long-awaited rescue proposal for Northern Rock on Friday, as another suitor, U.S. buyout firm JC Flowers, pulled out of the bidding.

  • It should keep the system from collapsing, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • MBIA, the world's largest bond insurer, said Thursday it is looking at ways to shore up its capital base, a day after rating agency Moody's Investors Service said the insurer was "somewhat likely" to require additional capital.

  • Freezing Subprime Rates

    The CNBC audience is speaking out on the government's mortgage freeze plans ... and the voice is predominantly negative.

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    Hundreds of thousands of strapped homeowners could get some relief from a plan to freeze interest rates on subprime mortgages.

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    Even before President Bush unveiled his mortgage bailout plan Thursday, there were numerous signs that the housing slump was going to get worse before it gets better.

  • Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the third quarter, the Mortgage Bankers Association said Thursday.

  • A senior manager at the world's biggest bond fund criticized a federal mortgage rescue plan as short-sighted and said U.S. home prices may not hit bottom until 2010.

  • A home is advertised for sale at a foreclosure auction in Pasadena, California.

    The Bush administration reached an agreement with the industry to freeze interest rates for certain subprime mortgages for five years to combat foreclosures.

  • The Bush Administration's plan to help struggling homeowners avoid foreclosure is the big item on the agenda for Thursday. The plan, already drawing criticism, will be announced by the president in the afternoon and is expected to include a five-year freeze on the resetting of some of the low introductory, teaser rates that drew in many of the weakest borrowers.