Acting United States Attorney Michelle L. Jacobs announced today that a federal grand jury in the Eastern District of Wisconsin returned a twenty four count indictment charging five people with wire fraud and money laundering in connection with a mortgage fraud scheme.

A 79% RISE in bad loans in the first quarter of its financial year and a warning that impairments could be up 50% this year took some of the gloss off a trading update from Barclays that showed blossoming revenues from its newly expanded investment banking arm.

A A A’ Investors might think the economy is stabilizing but they’re not ready to celebrate.

THE Bank of England yesterday announced it would inject a further A 50 billion into the economy in its latest attempt to get credit flowing throughout the banking system.

Anyone on the market for a $7.8 million home? We didn’t think so. But if you are, you can possibly bask in the Ponzi glory of local businessman Tom Petters.