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- NEW YORK/PHILADELPHIA, Sept 25 (Reuters) - Struggling savings and loan Washington Mutual Inc is still talking to buyers about selling itself, but first needs to hammer out whether it or the buyer would get government support. Banks still circling all ...
- Discover Financial Services posted better-than-expected profit in its fiscal third quarter on Thursday, but its stock price declined, apparently reflecting fears of rising losses as cash-strapped consumers fall behind on their payments. Discover ...
- NEW YORK , Sept. 22 /PRNewswire-USNewswire/ -- Local Initiatives Support Corporation (LISC) is collaborating with The Home Depot Foundation to deliver immediate financial aid and technical assistance to low- and moderate-income communities hit hard ...
- Steve Ebels hasn’t been that hurt by the recent stock market roller-coaster ride because he no longer has much to lose. Ebels, who owns a heating business, said he already lost much of his life savings when a general contractor he was doing work ...
- The Rating Outlook on Morgan Stanley's long-term IDR is Negative, while the Rating Outlook is Stable for Goldman Sachs' long-term IDR. Goldman Sachs and Morgan Stanley are now under direct supervision of the Federal Reserve. Conditions of approval ...
- WASHINGTON, N.C., Sept. 22 /PRNewswire-FirstCall/ -- First South Bancorp, Inc. (Nasdaq: FSBK - News ), the parent holding company of First South Bank, does not hold any equity shares of common or preferred stock of the Federal National Mortgage ...
- CFC Loading... () ] said borrowers were delinquent on 33.64 percent of subprime loans it serviced as of Dec. 31, up from 29.08 percent in September. It also said borrowers were at least 90 days late on payments on 17.25 percent ...
- Don’t listen to all the critics trying to shout down the moves Washington made to instill some stability in this market, Cramer said. We needed the government to get involved so we could avoid another Great Depression. [ LEH Loading ...
- NEW YORK : The Dow Jones industrial average may be almost exactly where it was a week ago, but Wall Street is a completely different place. In a matter of days, Lehman Brothers Holdings Inc. went into bankruptcy, Merrill Lynch & Co. was snapped up by ...
- CORAL GABLES, Fla.--( BUSINESS WIRE )--BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB (the Bank) today announced that the Company, as part of its strategic plan, is reducing the headcount of the Bank by ...
- NEW YORK -(Dow Jones)- The U.S. Treasury will ask the federal government to relieve the nation's crippled banks by purchasing their bad mortgage assets. The big question for bankers and taxpayers, however, is how much the government will pay for ...
- With the Wall Street crisis in full effect, Treasury Secretary Henry Paulson has voiced his view on things to come. People thought their retirement savings were relatively safe in money market funds, but now that may not prove accurate. After a run ...
- Sept. 18 (Bloomberg) -- Corporate bond default risk rose to a record in Asia as concern of more bank failures after Lehman Brothers Holdings Inc. 's collapse triggered a plunge in global stocks and shuttered credit markets. Credit-default swap ...
- Goldman Sachs and Morgan Stanley, the last two remaining major independent Wall Street brokerages, each rebutted suggestions that their days as standalone institutions could be numbered, as they presented investors with lower, but better-than ...
- Shares in HBOS recouped some of their losses on Wednesday on reports that the UK’s largest mortgage lender was in talks with Lloyds TSB to create a giant retail and mortgage bank. Earlier the shares fell as much as 52 per cent to 88p on concerns ...
- Toyota Motor Corp.'s top U.S. sales executive is confident about growth prospects in the years ahead for the American economy and auto sales, once the industry gets past its current rocky stretch. "If you look at the fundamentals of the economy, the ...
- Aug. 6 (Bloomberg) -- BNP Paribas SA , France's largest bank, said second-quarter profit fell 34 percent as it wrote down debt backed by bond insurers and increased risky-loans provisions. Net income dropped to 1.51 billion euros from 2.28 billion ...
- These days, it can be easy to get a mortgage even for a home that seems financially out of reach. And homeowners can tap home-equity loans to finance everything from a Lexus to a trip to Las Vegas. But this is not such a good thing
- A recent improvement in beleaguered home-equity loans has been a rare sign of encouragement for banks. But banks still have about $700 billion of ... You'd think that the buyers of $100 million apartments in the stat-warping 15 Central Park West ...
- SHERMAN — The village of Sherman isn’t eligible for any federal aid because of the July 12 deluge that covered roads with water, washed out sections of roadway, created sinkholes and flooded basements. But village officials say they have at least ...
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