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Michigan Banking News. Service for global professionals. Constantly updated news and information about Michigan.
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Latest Michigan Banking News

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  • Commercial property weighs on banks -Fed official 30 Nov 2009 16:50 GMT
    ... WASHINGTON, Nov 30 (Reuters) - U.S. banks continue to face significant challenges, particularly from ... official said on Monday. "Credit losses at banking organizations continue to rise, and banks face ... Representatives Financial Services subcommittee hearing in Southfield, Michigan. A text of his testimony was made ...

  • Commercial property weighs on banks: Fed official 30 Nov 2009 16:54 GMT
    ... WASHINGTON (Reuters) - U.S. banks continue to face significant challenges, particularly from ... official said on Monday. "Credit losses at banking organizations continue to rise, and banks face ... Representatives Financial Services subcommittee hearing in Southfield, Michigan. A text of his testimony was made ...

  • Commercial property weighs on banks: US Fed 30 Nov 2009 19:50 GMT
    ... US banks continue to face significant challenges, particularly from ... Federal Reserve official said. "Credit losses at banking organizations continue to rise, and banks face ... Representatives Financial Services subcommittee hearing in Southfield, Michigan. A text of his testimony was made ...

  • Banking Impact Of Economic Recovery 30 Nov 2009 14:32 GMT
    ... Regional Chamber of Commerce, Automation Alley, the Michigan Economic Development Corp., and the American Bankers Association. Peters, of Oakland County's Bloomfield Township, ... of Oakland County's Bloomfield Township, says small banks still are struggling to raise capital. The ...

  • Food banks have more to feed, fewer factory donations 30 Nov 2009 10:12 GMT
    ... food-donation industry has changed, experts say. Food banks were born out of a desire in the ... director of the Food Bank Council of Michigan. The council helps guide nine regional food ...

  • Report: Nearly 70 percent of LV homeowners underwater on mortgage 30 Nov 2009 16:53 GMT
    ... prices, with the number underwater in their mortgages surpassing 319,000 or 69.5 percent. That's according ... and California (35 percent) -- and in Michigan, 37 percent, hard-hit by the recession. Among ...

  • Mortgage data in better light 30 Nov 2009 08:56 GMT
    ... A major provider of mortgage data said that the percentage of "underwater" ... negative equity, according to last week's report: Michigan (with 37 percent of homeowners underwater), Florida ...

  • Fla. police eye Michigan in holiday killings probe 30 Nov 2009 00:53 GMT
    ... Fla. police eye Michigan in holiday killings probe JUPITER, Fla. — ... said Joanna Sherman, a manager at Coldwell Banker Residential real estate. “She was very active in ...

  • Weekly Market Notes: Black Friday Sales - Good or Bad? 30 Nov 2009 09:03 GMT
    ... and the observation that for once US banks may not be the leaders in poor ... Durable Orders ex Transports -1.3% 0.6% 1.8% Michigan Sentiment 67.4 67.0 66.0 New Home Sales ... and say I was a Wall Street Banker needing my bonus.” According to the FDIC, ...

  • Quarter of Home Borrowers Are Upside Down 30 Nov 2009 16:41 GMT
    ... Arizona trails with 48%, followed by Florida, Michigan, and California with just between 35 and ... the value of their homes. The Mortgage Bankers Association indicates that close to 7.5 million ... on the path to real estate recovery…unless banks continue to judiciously parcel out to help ...

  • Tough times turning newspaper lenders into owners 30 Nov 2009 00:51 GMT
    ... for acquisitions in better times. Now the banks that financed those deals are hoping to ... bound to be owned, even briefly, by bankers such as JP Morgan Chase & Co. ... in Connecticut and The Oakland Press in Michigan. "The first question these banks have is: ...

  • Bad business deals turn newspaper lenders into owners 30 Nov 2009 13:54 GMT
    ... or break some of the largest publications. Banks and other financial firms have taken over ... bound to be owned, even briefly, by bankers such as JP Morgan Chase & Co. ... in Connecticut and The Oakland Press in Michigan. "The first question these banks have is: ...

  • Recession Turning Newspaper Lenders Into Owners 30 Nov 2009 14:30 GMT
    ... Banks, Firms Taking Over Some Of Nation's Largest ... bound to be owned, even briefly, by bankers such as JP Morgan Chase & Co. ... in Connecticut and The Oakland Press in Michigan. "The first question these banks have is: ...

  • Recession Turning Newspaper Lenders Into Owners 28 min ago 30 Nov 2009 15:10 GMT
    ... Banks, Firms Taking Over Some Of Nation's Largest ... bound to be owned, even briefly, by bankers such as JP Morgan Chase & Co. ... in Connecticut and The Oakland Press in Michigan. "The first question these banks have is: ...

  • Recession Turning Newspaper Lenders Into Owners 40 min ago 30 Nov 2009 15:20 GMT
    ... Banks, Firms Taking Over Some Of Nation's Largest ... bound to be owned, even briefly, by bankers such as JP Morgan Chase & Co. ... in Connecticut and The Oakland Press in Michigan. "The first question these banks have is: ...


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