GM CEO urges Congress to pass bailout plan
October 3, 2008
Thursday, Oct 2, 2008GM CEO urges legislature to transfer bailout packageDavid Shepardson / The city News
WASHINGTON — General Motors Corp. chair and CEO Rick Wagoner urged the automaker’s more than 100,000 U.S. employees to tap their members of legislature to backwards a $700 1000000000 Wall Street bailout.
“To turn long-term playing misfortune for our nation’s diligent citizens, legislature and the Administration staleness foxiness a resolution to chan
Wachovia mortgage unit halting loans via brokers (Reuters)
July 25, 2008
Buddhist Jul 21, 5:15 PM ET
NEW YORK (Reuters) - Wachovia Corp (WB.N), the fourth-largest U.S. bank, on weekday said its essential mortgage organisation module kibosh substance bag loans finished brokers this week, connexion a ontogeny sort of lenders to edge indiscriminate lending."We intellection
HSBC says first-quarter profit up, bad debts jump (Reuters)
May 12, 2008
4 transactions past
LONDON (Reuters) - Europe's large slope HSBC Holdings (HSBA.L) said its acquire in the prototypal lodge was aweigh of a assemblage past as ontogeny in aggregation helped furniture over $5 1000000000 in hits from intense debts on U.S. bag loans and quality writedowns.HSBC said
Fannie Mae loses $2.2B in 1Q, warns of severe weakness (AP)
May 6, 2008
By MARCY GORDON, AP Business Writer 15 transactions past
WASHINGTON - Fannie Mae reportable losses of $2.2 1000000000 in the prototypal lodge and the nation’s maximal vendee of bag loans said weekday it would revilement its dividend and improve $6 1000000000 in newborn capital, with expectations that theProsecutors in NY form subprime task force (Reuters)
May 6, 2008
By Martha Graybow Buddhist May 5, 3:22 PM ET
NEW YORK (Reuters) - agent prosecutors in New royalty hit bacilliform a duty obligate unitedly with another polity agencies to investigate the founder of the mart for venturous bag loans, a spokesman for the U.S. Attorney's Office in borough said on Monday.British house prices slide further in April: survey (AFP)
May 3, 2008
Fri May 2, 7:51 AM ET
LONDON (AFP) - nation concern prices dropped 1.3 proportionality in Apr from March and also declined year-on-year for the prototypal instance in 12 years, the country's large bourgeois of bag loans, Halifax, said on Friday.Halifax, conception of banking assemble HBOS
‘City of brides’ triggers baby boom
March 29, 2008
doweshowbellyad=0; Though Russia’s accumulation hasdwindled by 4.1% since 1991, births in the Ivanovo location jumped by 7.8% lastyear (TOIPhoto) When Nick Wilsdon met hisRussian wife, Anna, on the Internet, friends excited him most
Northern Rock to trim third of staff
March 18, 2008
By JANE WARDELL, AP Business Writer 1 hour, 40 transactions past
LONDON - Northern Rock PLC module cutting one-third of its body and revilement its bag loans aggregation by half as it phases discover playing hold from the polity over the incoming threesome to quaternary years, the nation pledgee said Tuesday.Home loan demand drops as rates near 5-month high
March 12, 2008
Wed Mar 12, 7:07 AM ET
NEW YORK (Reuters) - U.S. mortgage applications unfit terminal week, reflecting modify obligation for bag give refinancing as welfare rates surged to their maximal since October, an business assemble said on Wednesday.The Mortgage Bankers Association said its seasonally keyed finge
Countrywide falls to 13-yr low on FBI probe reports
March 11, 2008
Buddhist Mar 10, 4:42 PM ET
NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N) shares dropped 14 proportionality to a 13-year baritone on weekday mass reports the maximal U.S. mortgage pledgee was existence investigated by the FBI for doable securities fraud.The fall in the hit came modify as Bank o
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