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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: banking industry

banking industry stories: 106 news summaries

101 - 106 of 106 Stories | << Prev 1 2 3 4 5 6

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ANALYSIS

Paulson Played Cards Well
in High-Stakes Showdown

Paulson, remaining banks struggle to pull the market back together

Sep 16, 08 12:27 PM CDT
(Newser) - Cue the Kenny Rogers, suggests Steve Pearlstein in the Washington Post; “Hank Paulson knows when to hold ‘em and when to fold ‘em.” Paulson was so determined not to commit federal dollars to bail out Lehman Bros. that when the banks said they couldn't step in... More »

MORE ABOUT:
Federal Reserve • Henry Paulson • Lehman Brothers • subprime crisis • bailout • banking industry • financial crisis

Bailout Likely
to Sink Some Small Banks

Those with significant Fannie/Freddie stock face capital crunch

Sep 9, 08 10:15 AM CDT
(Newser) - The government’s takeover of Fannie Mae and Freddie Mac, and the resulting crash of the value of the companies’ shares, has started a domino effect that likely will push some smaller banks into failure, the Washington Post reports. Some institutions heavily invested in the seemingly safe stocks will find... More »

MORE ABOUT:
takeover • Freddie Mac • Fannie Mae • bailout • banking industry • financial crisis

UK Banks 'Milk Borrowers' to Pay for Credit Crunch

Banks hike mortgage payments despite interest rate cuts

Aug 23, 08 7:19 PM CDT
(Newser) - Britain's big banks are being accused of hoisting nearly £3 billion in interest payments on customers to make up for bad bank investments, the Daily Mail reports. Seeking to recoup huge losses from assets linked to subprime US mortgages, the banks have hiked mortgage rates and fees despite interest... More »

MORE ABOUT:
United Kingdom • Barclays • bank • credit crisis • HSBC • Britain • banking • banking industry

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

Aug 1, 08 10:30 AM CDT
(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times. He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from... More »

MORE ABOUT:
Merrill Lynch • CDO • mortgage debt • mortgage backed securities • John Thain • financial sector • subprime crisis • stock offering • banking industry

Squeezed
Banks Slash
Biz Loans

Real-estate
fallout dries up
credit stream

Jul 28, 08 5:09 AM CDT
(Newser) - Reeling from real-estate losses, banks are turning off the credit spigot to loan-seeking businesses, the New York Times reports. The loan reduction means more bad news down the line as money-starved companies begin to cut workers. Banks cut credit nearly 3% over the past year, the most since 2001, according... More »

MORE ABOUT:
bank • credit • loan • economy • banking industry

Investors Fall Out of Love
With Banks

Even well-managed regional banks no longer darlings

Jul 16, 08 7:39 AM CDT
(Newser) - With the nation's banks under pressure from bad loans, and sources of credit scarce, bank customers aren't panicking, the New York Times notes, but  investors are, fleeing an industry much more accustomed to being a Wall Street darling. Bank shares continued their downward spiral yesterday, with the S&P Regional... More »

MORE ABOUT:
National City • subprime crisis • mortgage defaults • banking industry

101 - 106 of 106 Stories | << Prev 1 2 3 4 5 6


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