<?xml version="1.0"?>
<rss version="2.0">
<channel>
<title>EIN News: Middle Atlantic U.S. Banking News</title>
<link>http://www.einnews.com/middle-atlantic-us/newsfeed-middle-atlantic-us-banking</link><description>Constantly updated news and information about world affairs.</description><item>
<title>Rescue plan&apos;s overseer has mind of an engineer</title>
<link>http://www.einnews.com/news.php?wid=192690358</link>
<pubDate>12 Oct 2008 07:31 GMT</pubDate>
<description>
...  securities at the center of the subprime mortgage crisis were designed by mathematicians and physicists,  ...  the $700 billion bailout of the nation&apos;s banking system. &apos;&apos;As an engineer, what I loved  ...  the Wharton School at the University of Pennsylvania and landing a coveted investment banking job  ...
</description>
</item><item>
<title>Great wisdom -- and fear -- from the great generation</title>
<link>http://www.einnews.com/news.php?wid=192687848</link>
<pubDate>12 Oct 2008 07:27 GMT</pubDate>
<description>
...  to buy a house with a big mortgage and the banker didn&apos;t even ask about my income, I&apos;d  ...  only two parties,&quot; said Cathy Parr, a Pennsylvania native. &quot;Why just two parties that argue  ...
</description>
</item><item>
<title>Himes has strong party backing</title>
<link>http://www.einnews.com/news.php?wid=192685976</link>
<pubDate>12 Oct 2008 06:50 GMT</pubDate>
<description>
...  Jim Himes, a former Wall Street investment banker running for Congress, was explaining the global  ...  a little too focused on the big banks, rather than the people who want to  ...  he was 10. After public school in New Jersey, Himes went to Harvard and then Oxford  ...
</description>
</item><item>
<title>Uniontown&apos;s financial woes mean layoffs, tax increase</title>
<link>http://www.einnews.com/news.php?wid=192684202</link>
<pubDate>12 Oct 2008 06:30 GMT</pubDate>
<description>
...  he has met with four or five banks. City officials also have approached the Fayette  ...  In February, city officials met with the Pennsylvania Department of Economic Development but determined that  ...  fiscal problems is the $520,000 in annual loan payments in has to make on the  ...
</description>
</item><item>
<title>Perzel banks on comeback</title>
<link>http://www.einnews.com/news.php?wid=192683940</link>
<pubDate>12 Oct 2008 06:30 GMT</pubDate>
<description>
...  far from his political base. But campaign finance reports indicate Perzel has some well-heeled supporters  ...  Perzel has some well-heeled supporters in Western Pennsylvania. Joe Hardy, the 84 Lumber founder and  ...  An obvious possibility is that they are banking on Perzel to one day wield the  ...
</description>
</item><item>
<title>The Pittsburgh Tribune-Review Eric Heyl column: Perzel banks on subprime comeback</title>
<link>http://www.einnews.com/news.php?wid=192683742</link>
<pubDate>12 Oct 2008 06:30 GMT</pubDate>
<description>
... The Pittsburgh Tribune-Review Eric Heyl column: Perzel banks on subprime comeback Oct 12, 2008 (The  ...  Perzel has some well-heeled supporters in Western Pennsylvania. Joe Hardy, the 84 Lumber founder and  ...  An obvious possibility is that they are banking on Perzel to one day wield the  ...
</description>
</item><item>
<title>State&apos;s efforts unlikely to blunt crisis</title>
<link>http://www.einnews.com/news.php?wid=192682760</link>
<pubDate>12 Oct 2008 06:18 GMT</pubDate>
<description>
...  as they might, there is relatively little New Jersey officials can do to jolt the state  ...  the crisis will limit the impact of any state initiative. &quot;Historically, states have found there&apos;s not  ...  line of credit. The businesses say the banks had either toughened their criteria for making  ...
</description>
</item><item>
<title>Two banks offering interest rate discounts for locals</title>
<link>http://www.einnews.com/news.php?wid=192682067</link>
<pubDate>12 Oct 2008 06:17 GMT</pubDate>
<description>
... First National Bank of Pennsylvania is offering a 1-percent rate discount for  ...  Senior Vice President Alan F. Bennett noted the bank&apos;s historical and employment ties to Hermitage, where  ...  noting the long presence of Huntington predecessor banks in the Shenango Valley. It&apos;s important that  ...
</description>
</item><item>
<title>Local news week in review</title>
<link>http://www.einnews.com/news.php?wid=192680964</link>
<pubDate>12 Oct 2008 05:51 GMT</pubDate>
<description>
...  anything to allow people to renegotiate their mortgages,&quot; Halvorson said. &quot;And America must get away  ...  reports said that PNC Financial Services, of Pennsylvania, and Toronto-based Bank of Nova Scotia may  ...  on the stock market has hit all banks and it overlooks the fundamental strengths of  ...
</description>
</item><item>
<title>Titans of blame, tone-deaf and dodging responsibility</title>
<link>http://www.einnews.com/news.php?wid=192678896</link>
<pubDate>12 Oct 2008 05:31 GMT</pubDate>
<description>
...  in last month with an $85 billion loan to buy an 80 percent stake in  ...  U.S. attorneys&apos; offices in New York and New Jersey are investigating whether Lehman Brothers misled investors  ...  insider trading. Some Wall Street executives and banking chiefs apparently didn&apos;t learn anything from the  ...
</description>
</item><item>
<title>Finding One Economic Bright Spot on Main Street</title>
<link>http://www.einnews.com/news.php?wid=192677134</link>
<pubDate>12 Oct 2008 05:30 GMT</pubDate>
<description>
...  crimps tax revenues, and states such as Pennsylvania and New York are now trying to  ...  case in point. Unlike so many larger banks that got tangled in the subprime scam,  ...  Financial avoided exposure to derivatives or combustible mortgages. Now PNC is building the first office  ...
</description>
</item><item>
<title>Head of bailout plan has an engineer&apos;s mind</title>
<link>http://www.einnews.com/news.php?wid=192674098</link>
<pubDate>12 Oct 2008 05:15 GMT</pubDate>
<description>
...  securities at the center of the subprime mortgage crisis were designed by mathematicians and physicists,  ...  the $700 billion bailout of the nations banking system. As an engineer, what I loved  ...  the Wharton School at the University of Pennsylvania and landing a coveted investment banking job  ...
</description>
</item><item>
<title>Professor proposes central Pa. stock exchange</title>
<link>http://www.einnews.com/news.php?wid=192673613</link>
<pubDate>12 Oct 2008 05:15 GMT</pubDate>
<description>
...  that option for such businesses in south-central Pennsylvania by creating a seven-county stock exchange, headquartered  ...  studies at Franklin &amp; Marshall College. &quot;When banks get nervous, as they all are right  ...  would not be an immediate alternative to the bank-financing bind now gripping many businesses, since Proffitt  ...
</description>
</item><item>
<title>Election pendulum swings back to Obama in Ohio&apos;s dying downtowns</title>
<link>http://www.einnews.com/news.php?wid=192657108</link>
<pubDate>11 Oct 2008 23:30 GMT</pubDate>
<description>
...  devastating impact. Roth has postponed a planned mortgage refinancing and high petrol prices have hit  ...  changing. As stock markets have fallen and banks collapsed, Obama&apos;s popularity has surged across the  ...  Obama win. He will take Ohio, Florida, Pennsylvania and perhaps even some states in the  ...
</description>
</item><item>
<title>America&apos;s latest export: empty municipal coffers</title>
<link>http://www.einnews.com/news.php?wid=192657104</link>
<pubDate>11 Oct 2008 23:30 GMT</pubDate>
<description>
...  hard a time securing credit as the banks and financial firms . &apos;It is just  ...  governments stretch far beyond the bond market. New York State differs slightly from California and other states  ...  cent of all taxes levied in the State of New York. &apos;Things are very problematic,&apos; says a spokesman  ...
</description>
</item></channel>
</rss>
