Latest South Atlantic U.S. Banking News
- Is Wachovia the Worst Run Bank in America? 8 Sep 2008 10:54 GMT
... “It could be that the purpose of your ... institution has fallen. Founded in 1781 in North Carolina, through mergers and acquisitions, Wachovia has grown ... acquired CoreStates in 1998, then the biggest banking merger in history. Under the previous CEO, ...
- Freedom Bank Successfully Completes Negotiation of Regulatory Order with the Federal Deposit Insuran 8 Sep 2008 10:38 GMT
... Dr. Howard Seider, Chairman of the Board of Directors of ... the Federal Deposit Insurance Corporation (FDIC) and Florida Office of Financial Regulation and agreed to ... denied any facts, any unsafe or unsound banking practices, or any legal or regulatory violations. ...
- FTSE rallies after Bush steps in to save U.S. mortgage giants in world's biggest ever bailout 8 Sep 2008 10:30 GMT
... Trading on the London Stock Exchange ground to ... almost 200 points ahead. The UK's biggest banking stocks all enjoyed double-digit gains, with Barclays up ... where the cost of a 30-year home loan is expected to fall. It is thought ...
- Ex-Fannie & Freddie chiefs to share $23m 8 Sep 2008 10:27 GMT
... But whether either executive will receive the money is ... were slow to react to the sub-prime mortgage crisis. The two executives joined their respective ... to muddle through this mess.” Two veteran bankers with ties to the Republican party will ...
- Ousted Fannie & Freddie chiefs to share $23m 8 Sep 2008 10:15 GMT
... But whether either executive will receive the money is ... were slow to react to the sub-prime mortgage crisis. The two executives joined their respective ... to muddle through this mess.” Two veteran bankers with ties to the Republican party will ...
- Real estate: First-time homebuyers have financing options 8 Sep 2008 09:58 GMT
... Jon and Kelly Pollak have impeccable timing, at least when ... continuing to rent, said Steve Vitani, a loan specialist for Shelter Mortgage Co. Vitani helped ... Federal Housing Administration and the availability of Florida bond money to cover up-front costs. As part ...
- Branding: The way the corporation crumbles 8 Sep 2008 09:56 GMT
... Welcome to the University of Maryland, brought to you by Under Armour, Chevy ... we really want corporate America paying the mortgage? Joel Cohen is a junior government and ...
- A Government Bailout that Is No Joking Matter 8 Sep 2008 09:30 GMT
... so if the economy and the loaning banks can be stabilized the debt will be neutral as ... [ Lots of businesses are incorporated in Delaware, but very few actually come from there. ... but with some passive government backing and loan guarantees. As I understand it they were ...
- WaMu has ousted CEO Killinger, paper reports 8 Sep 2008 08:59 GMT
... Kerry Killinger had headed Washington Mutual since 1990. Killinger, ... wasn't even a very significant player in banking in the Puget Sound region. But through ... in hard-hit states such as California and Florida. Weakness also is starting to show up ...
- Official: towns won't have to pay $6M 8 Sep 2008 08:50 GMT
... RAINELLE, W.Va. (AP) _ A state official says three southern West Virginia towns won't have to pay a $6 ... Western Greenbrier defaulted on a $3 million loan guaranteed by Warner's agency last November. "There ...
- Kofax plc Preliminary Results 2008 - 12 months to 30 June 2008 8 Sep 2008 08:00 GMT
... ) ('Kofax' or the 'Company'), the leading provider of ... period included Apria, Morgan Keegan, Chesapeake Energy, North Carolina State Employees Credit Union, China Merchant Bank, ... foreign currency exposure on a $25m intercompany loan to Euros. The swaps do not qualify ...
- Paulson Begins Gradual Wind-Down of GSEs within Conservatorship 8 Sep 2008 07:36 GMT
... position facing FRE and FNM directors. Under delaware law, corporate directors have a duty of ... challenge, namely helping to refloat the US banking system. Our indicators for lender stress in ... place the resources necessary to triage unsound banks and help sound institutions begin to make ...
- A Footprint 8 Sep 2008 07:28 GMT
... "There's an awful lot of hoops to jump through." But ... Street. Musgrave says, in addition to the West Virginia Lottery, the site would house departments for ... would house departments for taxes, insurance and banking. "We do a lot of similar things ...
- U.S. seizes Fannie, Freddie, aims to calm markets 8 Sep 2008 06:53 GMT
... The corporate logo for Freddie Mac is seen at ... holders of their debt, including overseas central banks, have begun to show signs of increasing nervousness over ... as well as to the Federal Home Loan Banks, through a new lending facility until ...
- Fumo faces long fraud trial 8 Sep 2008 06:17 GMT
... in blue-collar, parochial South Philadelphia. He takes credit for securing more than $8 billion in ... gave Citizens Alliance $17 million while the Delaware River Port Authority, on which Fumo served, ... apparent wealth, Fumo appears concerned about his finances. He has spent heavily on lawyers; the ...
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