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- Oct. 16 (Bloomberg) -- U.S. stocks fell for a third day, erasing gains from the biggest rally in seven decades, as Citigroup Inc. said bad loans may rise to a record high and a government report showed manufacturing fell the most since 1974 ...
- SAN FRANCISCO : It was one of the most audacious ideas of the Web 2.0 boom - that people could lend money to other people over the Internet and cut out the middlemen - also known as traditional banks. Over the past three years, Internet start-ups ...
- DENVER and WASHINGTON, Oct 16, 2008 /PRNewswire-USNewswire via COMTEX/ -- 86 Percent Want Limits on Subsidies for Oil Shale Production, 76 Percent Support Moratorium on New Coal-Fired Power Plants; Strong Back Shift to Clean Wind and Solar Power. If ...
- NEW YORK (AP) - Analysts' reactions to Wells Fargo & Co.'s third-quarter results were mixed Thursday, one day after the San Francisco bank said its profit fell 25 percent due to losses on certain investments and an increase in its credit reserves ...
- NEW YORK — Investment bank Merrill Lynch & Co. said today its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. Not only did ...
- Oct. 16 (Bloomberg) -- Switzerland provided UBS AG , the European bank with the biggest losses from the credit crisis, a $59.2 billion rescue and pushed Credit Suisse Group AG to raise funds, joining authorities around the world in shoring up banks ...
- ZURICH (Dow Jones)--Switzerland's banking regulator Thursday lauded measures by Swiss giant UBS AG (UBS) to right itself after $42 billion in mortgage-related write-downs. The banking commission also absolved the current UBS board and management, led ...
- Student Loan Corp. on Thursday said its third-quarter profit plunged 83 percent, hurt by disruptions in the financial market and higher set-asides for souring loans. For the three months ended Sept. 30, the company, which provides both government ...
- Oct. 16 (Bloomberg) -- Citigroup Inc. , the second-biggest U.S. bank by assets, reported a fourth consecutive quarterly loss after at least $13.2 billion of loan losses and securities writedowns. The third-quarter net loss was $2.8 billion, or 60 ...
- Oct. 16 (Bloomberg) -- Citigroup Inc. , the second-biggest U.S. bank by assets, reported a fourth consecutive quarterly loss after at least $13.2 billion of loan losses and securities writedowns. The third-quarter net loss was $2.8 billion, or 60 ...
- HONG KONG : With signs of cracks appearing across the Chinese credit system, concerns are growing that domestic banks may be ill-equipped to handle a drop in the country's economy. Corporate collapses and loan defaults in China over the past few ...
- NEW YORK, Oct 15 (Reuters) - Wells Fargo & Co has gotten through the credit crunch so far smelling like a rose, but a skunk may yet cross its path. Many analysts wonder if the company is setting aside enough money to cover losses as the United States ...
- The risk of the credit crunch inflicting deeper pain in Hungary is increasing, as banks curtail the foreign-currency loans that have kept growth buoyant in recent years. Three Hungarian banks have said this week that they will cut back their loans to ...
- NEW YORK — When Todd Taylor wanted to borrow $10,000 to pay off his credit card debt, the 32-year-old Detroit resident went to his bank and was told he qualified for a 12.9 percent interest rate. But that didn't sound like a good deal. Instead ...
- NEW YORK— Three weeks ago, Treasury Secretary Henry Paulson called the notion that the government would buy stakes in banks to save them a "failure." What a difference 21 days and $2.4 trillion dollars in lost value from pension funds, college ...
- As the pop artist Prince sang, "Life is just a party, and parties weren't meant to last." He may have been referencing the end of the millennium, but these days we can relate. With the gloom and doom on Wall Street, it seems as though the free ...
- Both have been humbled by bad debt, the thread that ties the economic struggles of ordinary Americans to the once-venerable financial houses brought to their knees in recent weeks. It was Berthet's mortgage foreclosure, multiplied by at least a ...
- WASHINGTON -- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified ...
- WASHINGTON -- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified ...
- DUBLIN, Ireland, Oct 13, 2008 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/00b2e2/north_america_heal) has announced the addition of the "North America Healthcare Sectors : A Company and Industry Analysis (July ...
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