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- Oct. 23 (Bloomberg) -- SLM Corp. , the student lender known as Sallie Mae, made fewer new loans last quarter and set aside more reserves for possible losses as the seizure in credit markets deepened. Loan originations dropped to $7.7 billion, from $8 ...
- Cash America International, Inc. CSH announced today that net income for the third quarter of 2008 was $18,925,000 (63 cents per share) after incurring a variety of one time and unusual items during the quarter which lowered reported net income. The ...
- Wachovia Corp.'s staggering loss for the third quarter resulted primarily because it wrote down the value of intangible assets by almost $19 billion and built up its loan loss reserves by $4.8 billion, moves that seemed to please its suitor. "It was ...
- OAK HARBOR, Wash., Oct 23, 2008 (GlobeNewswire via COMTEX) -- Washington Banking Company (Nasdaq:WBCO), the holding company for Whidbey Island Bank, today reported continued strong capital ratios and a well-diversified loan portfolio, contributed to ...
- Oct. 23 (Bloomberg) -- Treasuries fell, pushing two-year yields up from near the highest level since March, on speculation the government will announce two record auctions for next week to help fund its $700 billion bailout of banks. Notes also ...
- SOUTHFIELD, Mich. — The retreat of billionaire Kirk Kerkorian and Cerberus Capital Management LP from stakes in Ford Motor Co. and Chrysler LLC may leave the U.S. auto industry without new funding just as sales head to a 26-year low. Kerkorian's ...
- Oct. 23 (Bloomberg) -- You have to wonder who the people running Regions Financial Corp. think they're kidding. So far this year, the Birmingham, Alabama-based regional bank says it has earned $622.5 million, including $79.5 million of net income ...
- TAMPA — The chairman of American Momentum Bank is returning to his Texas roots to help boost earnings. American Momentum, sitting on a pile of cash that it wants to loan out and turn into earning assets, has opened a loan production office in ...
- NORWALK, Conn. - (Business Wire) GE Commercial Finance Corporate Lending today announced it provided a $175 million plan of reorganization credit facility to Goody ’ s Family Clothing Inc., a moderately priced family apparel retailer. The loan was ...
- AMSTERDAM, Netherlands (AP) _ The Dutch government said Sunday it will inject 10 billion euros ($13.4 billion) into ING Groep NV to shore up the bank and insurance company amid market rumors it was running out of capital. Finance Minister Wouter Bos ...
- THIS summer, when the Treasury secretary, Henry M. Paulson Jr., sought help navigating the Wall Street meltdown, he turned to his old firm, Goldman Sachs, snagging a handful of former bankers and other experts in corporate restructurings. Photo ...
- Exporters in emerging markets are hoarding US dollars as losses on currency bets worsen the slump in the South Korean won, Brazilian real, Mexican peso and India's rupee. South Korean phone parts maker KJ Pretech Co. resisted converting US dollars to ...
- The Dutch government says it will invest 10 billion euros ($13.4 billion) in banking and insurance company ING Groep NV to boost its capital position. Finance Minister Wouter Bos says the move was necessary to calm "market expectations" even though ...
- So you have a lot of eggs in a single basket. How do you judge the safety of the eggs? Or the stability of the basket? In the banking world, depositors’ money is insured by the Federal Deposit Insurance Corp. for as much as $250,000 per customer ...
- Banking and insurance company ING Groep NV said Sunday it will receive a capital injection from the Netherlands' central bank. ING chief executive Michel Tilmant will make the size and structure of the deal known at a news conference later Sunday ...
- Oct 17 - Standard & Poor's Ratings Services today said it had revised its outlooks on Lithuania-based Bankas Snoras (Snoras) and its Latvia-based subsidiary A/S Latvijas Krajbanka (Krajbanka) to negative from stable. At the same time, the long-term ...
- Groupe Caisse d'Epargne, the French customer-owned bank in merger talks with Groupe Banque Populaire, reported a 600 million-euro ($807 million) loss on equity derivatives after stock markets plunged last week. The loss occurred at the proprietary ...
- Author : Prosperity Bancshares, Inc. - 3Q 2008 Operating Earnings Per Share of $0.53 (diluted) (before impairment charge on FNM/FRE perpetual preferred securities) - 3Q 2008 Net Interest Margin (tax equivalent) increases to 4.15% HOUSTON , Oct. 17 ...
- Oct. 17 (Bloomberg) -- Google Inc. , owner of the most popular Internet search engine, jumped as much as 10 percent in German trading after reporting profit that topped analysts' estimates, saying customers are still buying Web ads even as the ...
- Answer: The bailout plan would allow the federal government to buy the bad mortgage loans from banks, which would then free up credit. There are still plenty of questions about what the bailout will mean for homeowners at risk for foreclosure, but it ...
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