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- NEW YORK - Wall Street tumbled again Wednesday as investors shifted their focus from improving credit markets to worrisome corporate profit forecasts that are raising fears of a deep economic slowdown. The major indexes fell more than 4 percent ...
- Wall Street tumbled again Wednesday as investors shifted their focus from improving credit markets to worrisome corporate profit forecasts that are raising fears of a deep economic slowdown. The major indexes fell more than 3 percent, including the ...
- So far, locals have been paying their property taxes on time, and they are keeping up with their water/sewer bills and electric utility bills, Town Manager Wayne Marquis said this week. The town has not had to take any properties because of ...
- The Securities and Exchange Commission said Wednesday it brought 671 enforcement cases in the fiscal year that ended Sept. 30, with the number of market manipulation cases up more than 45 percent over the prior year. The SEC also said it has more ...
- SAN FRANCISCO, Oct 21 (Reuters) - At a conference marred by protesters and poor attendance, U.S. home lenders gathered grim-faced over the last three days to take stock of a once high-flying industry battered by a record housing downturn. The easy-to ...
- There is historical synchronicity to be mined from Wachovia's stunning announcement on Tuesday of an incredible $23.7 billion loss for the third quarter of 2008. The figure matches almost exactly what Wachovia paid for the Oakland, Calif.-based ...
- NEW YORK (AP) - Credit-ratings agency Standard & Poor's Ratings Services on Wednesday cut its outlook on Popular Inc., after the parent of Puerto Rican bank Banco Popular posted a steep third-quarter loss due to exposure to bad loans. S&P revised its ...
- WASHINGTON (Dow Jones)--Conflicts of interest and the pursuit of profits led credit-rating agencies to take an overly rosy view of securities backed by risky subprime mortgage loans, former rating agency executives said Wednesday. In testimony to the ...
- MADRID, Oct 22 (Reuters) - Spanish banks face financing problems but are unlikely to need capital injections due to strict regulation and strong business models, a senior Bank of Spain official said in an interview on Wednesday. While Spain's banking ...
- Oct. 22 (Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves ...
- There is historical synchronicity to be mined from Wachovia's stunning announcement on Tuesday of an incredible $23.7 billion loss for the third quarter of 2008. The figure matches almost exactly what Wachovia paid for the Oakland, Calif.-based ...
- As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Several countries are now lining up for assistance ...
- NEW YORK (AP) - Thawing credit markets could help Swiss drug developer Roche warm up to another multibillion-dollar buyout offer for cancer drug partner Genentech Inc., according to a Jefferies & Co. analyst. Jefferies analyst Adam Walsh boosted his ...
- The fundamental problems our banks have is financing, not liquidity, not capitalisation, because they are straightforward institutions that issued simple, long-term credit and now have no market," Vargas said. "They (the financing problems) are as ...
- A case including celebrities such as Tiger Woods and Chuck Norris, plus a $29,000 Rolex watch and the complexity of consolidated subprime mortgage investments ended in Houston on Tuesday with a 22-count guilty verdict against a Houston lawyer. Ted ...
- Oct 22 - Standard & Poor's Ratings Services today lowered its ratings to 'D' on 32 classes of mortgage pass-through certificates from 27 U.S. subprime residential mortgage-backed securities (RMBS) transactions from various issuers (see list). The ...
- NEW YORK (CNNMoney.com) -- Wachovia reported a massive loss of nearly $24 billion Wednesday, in what was expected to be its last quarter as an independent company. The struggling Charlotte, N.C.-based bank, which agreed to be acquired by Wells Fargo ...
- LONDON (Reuters) - Subprime lender Provident Financial (PFG.L: Quote , Profile , Research ) on Wednesday reported a growing customer base, saying it hoped to win more new business from banks as they tighten lending criteria and as recession looms ...
- LONDON/NEW YORK (Reuters) - The world's worst financial crisis in 80 years hammered emerging markets on Wednesday, prompting emergency central bank moves and calls for international help to curb investor flight. There was more bad news in the United ...
- LONDON, Oct 22 (Reuters) - British subprime lender Provident Financial on Wednesday reported a growing customer base, saying it hoped to win more new business from banks as they tighten lending criteria and as recession looms. "We're being more ...
Want a Washington, DC Less-Than-Perfect-Credit Home Loan? Get a free consultation with one of our expert Less-Than-Perfect-Credit Home Loan concierges in Washington, DC.
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