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- JPMorgan Chase JPM handily beat Wall Street's second-quarter profit expectations, despite a slide in earnings caused by fresh writedowns to mortgage-related holdings and a deteriorating consumer environment. The New York bank posted a net profit of ...
- July 17 (Bloomberg) -- Record tornado damages, the weakening economy and a drop in premiums may reduce insurers' earnings by 30 percent, the steepest second-quarter decline since 2002. The industry's slump in profits is worse than all 24 groups in ...
- CIT Group Inc. CIT today reported income from continuing operations of $48.1 million ($31.4 million after preferred dividends), or $0.12 per share, for the second quarter of 2008, down from $352.1 million ($344.6 million after preferred dividends ...
- Equity release has grown in popularity as the general UK mortgage is squeezed. A total of £275.7 million of equity was released in the second quarter, 14 per cent higher than the £242.7 million released in the first quarter, finds Safe Home Income ...
- NEWTON, Mass. - (Business Wire) The credit crunch has arrived at college campuses and many families who qualified for student loans last year could find themselves without loans this year if they wait until August to apply. The first tuition bill is ...
- Whitney Funding, a market leader in finding solutions to the financial needs of micro and small cap companies, is taking advantage of its relationships around the world to help an ever-growing list of clients obtain the most favorable structure ...
- Major League Baseball promised the ultimate All-Star Game show last night at Yankee Stadium and delivered a performance that won't be forgotten. Even if a home-equity loan was needed to pay for tickets and the game lasted almost to breakfast. "Unreal ...
- Fully Diluted Earnings per Share of $0.37, Excluding Merger Related Expense NASHVILLE, Tenn.--( BUSINESS WIRE )--Pinnacle Financial Partners Inc. (Nasdaq/NGS: PNFP) today reported strong earnings and record loan growth for the quarter ended June 30 ...
- July 15 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 3:20 p.m. in New York. Some oil and coal producers declined after crude prices tumbled more ...
- WASHINGTON - The nation's central bank clamped down hard yesterday on mortgage lenders, issuing new rules designed to curb the kind of shady practices that led to the subprime mortgage crisis. Among the new rules is a restriction on the use of the ...
- WASHINGTON — The nation's central bank clamped down hard Monday on mortgage lenders, issuing new rules designed to curb the kind of shady practices that led to the subprime mortgage crisis. Among the new rules is a restriction on the use of the ...
- Erica Dobreff, president of Kansas City Equity Fund, stands in front of the Nottingham Apartments, where her company has invested in housing tax credits. Historic tax credits enable rehabs of historic buildings [Kansas City] Pittsburgh homebuilders ...
- One of the biggest dreams that most people have is to own a home of their own. If you have ever rented somewhere you will know the restrictions that occasionally come with it – no pets, no decorating without prior permission, and if you don’t ...
- Professionals such as teachers and engineers can no longer comfortably afford to give their children a private education. School fees increased by 6 per cent last year – 40 per cent over five years – and, with the cost of food, fuel and mortgages ...
- July 11 (Bloomberg) -- Citigroup Inc ., the largest U.S. bank, agreed to sell its German consumer unit to France's Credit Mutuel Group for 4.9 billion euros ($7.7 billion) to shore up capital. The Paris-based customer-owned bank will pay the amount ...
- When Eric Kanemoto wanted to remodel his San Jose home three years ago, he called some contractors. One was booked solid for six months and another never got back to him. "I got a little discouraged and just backed off," said Kanemoto. "People were ...
- July 10 (Bloomberg) -- Fannie Mae and Freddie Mac , the largest buyers of U.S. home loans, are too big for the government to let them fail, leading Republican and Democratic lawmakers said. The government-chartered companies, which own or guarantee ...
- WIZARD Home Loans could become a takeover target for one of the nation's major banks as they tussle to increase their share of the mortgage market, Wizard chairman Mark Bouris said. Mr Bouris painted the clearest scenario yet for the future of the ...
- Aspiring first home buyers living in high-priced regions will be able to apply for a shared equity loan from the government from tomorrow, says Housing Minister Maryan Street. "Under the two year pilot scheme, announced in May and launched tomorrow ...
- July 11 (Bloomberg) -- Asian stocks fell, with the region's benchmark set for a fifth weekly decline, on concern credit- market losses stemming from the U.S. will dent bank earnings. National Australia Bank Ltd. slumped after saying it may have to ...
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