UPDATE 3-Key U.S. senator proposes program to buy mortgages
Posted by: admin in Today NewsUPDATE 3-Key U.S. senator proposes program to purchase mortgages
Forbes - The initiative would start with a cash boost from taxpayers of up to $20 billion to purchase the first batch of failing loans and help underwrite the program proposed by Christopher Dodd, the chairman of the Senate Banking Committee. Foreclosures have
N.Z. Dollar Advances on Prospect Inflation Will Keep Rates High
Bloomberg - They’re still with a mild tightening bias,” stated Brendan O’Donovan, the chief economist at Westpac Banking Corp. in Wellington. The benchmark rate is 4.75 percentage points higher than the U.S. target, slashed by three quarters of a
BofA expands NASCAR banking program
MSN MoneyCentral - Bank of America Corp. has expanded its NASCAR banking program via licensing agreements with some drivers on the NASCAR Sprint Cup Series circuit. NASCAR drivers added to the bank’s portfolio include Bill Elliott, Dario Franchitti, Dale Jarrett, Mark
SVB Financial Group to Present at Citi 2008 Financial Services
MSN MoneyCentral - Offering diversified financial services through SVB Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking
Mexican banking official: Latin America will increasingly suffer from
CNBC - DAVOS, Switzerland - Latin American will increasingly suffer from the effects of a U.S. recession, Mexico’s top banker said Wednesday. Guillermo Ortiz, governor of the Central Bank of Mexico, said the impact of the global economic crisis so far has
Cascade Bancorp (Oregon) (Nasdaq: CACB) Released Results for the
MSN MoneyCentral - With uncertainty as to the depth and duration of the real estate slowdown and its economic effect on the communities within Cascades’ banking markets, no assurance can be given that the reserve will be sufficient in future periods. If the real
Cogdell Spencer Inc. Announces Merger with Marshall Erdman and
Forbes - A $100 million term loan arranged by KeyBank National Association with participation from Bank of America, N.A., Branch Banking and Trust Company, M&I Marshall & Ilsley Bank and Wachovia Bank, N.A.; — An $85 million rollover of
BancorpSouth, Inc. Declares Quarterly Dividend
Forbes - BancorpSouth, Inc., with total assets of approximately $13.2 billion, operates banking, insurance and financial service offices in Alabama, Arkansas, Florida, Mississippi, Missouri, Tennessee, Texas and Louisiana. SOURCE BancorpSouth, Inc. Copyright
Company paid twice for war support work
Miami Herald - A defense contractor hired to mend combat equipment routinely failed to do the job right and then charged the government millions of dollars for the extra work needed to get the gear ready for battle in Iraq and Afghanistan, according to a newly
Sovereign 4Q Net Loss Widens
CBS News - Today’s banking environment dictates proactive measures to strengthen capital and mitigate risk.” Sovereign has already stopped issuing auto loans in seven states _ Arizona, Florida, Georgia, Nevada, North Carolina, South Carolina and Utah _ as
Designer Valentino bids adieu to fashion
Miami Herald - Italian fashion designer Valentino, left, celebrates with French designer Emmanuel Ungaro after the presentation of his Haute Couture Spring-Summer 2008 collection, in Paris Wednesday Jan. 23, 2008. Celebrities, socialites and fashion editors prepare
Web voter registration still bogged down
MSNBC - SEATTLE - Arizona began allowing voters to register on the web in 2004. Three years later, Washington became the second say to do so. Given the migration to the Web of so many administrative tasks, like banking, what’s with the holdup in other states
Motorola, Capital One report profit drops
Newsday - Discussing the performance of its various business units, Capital One said its “local banking sector,” which includes North Fork and a Louisiana-based bank, earned net income of $111.8 million in the fourth quarter, down $78.8 million from the third
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