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- Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. Speedier Bank Transfers Sought by Fannie ...
- Citigroup and Wells Fargo were this morning circling US bank Wachovia, but the bidding war between the two is said to be tough with neither prepared to pay much for the struggling lender. Wachovia shares have crashed 80% in the past year and its ...
- New York, NY (AHN) - U.S. federal regulators have reportedly asked Wachovia Corp. (NYSE: WB) to sell itself, the bank is the nation's fourth largest by assets, but it is in trouble over loans to developers and homeowners and holds a huge portfolio of ...
- The market value of Wachovia was about US$21.6 billion as of Friday's market close, Reuters data shows. -- PHOTO: REUTERS NEW YORK - WACHOVIA is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the US ...
- Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...
- Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...
- A bidding war for Wachovia emerged yesterday, with rivals Citigroup and Wells Fargo vying to take over the hobbled banking giant on the cheap. While a deal isn't expected today, the Federal Reserve and Treasury Department have inserted themselves ...
- The government's biggest economic bailout since the Great Depression is aimed not at relieving unemployment or reforming questionable business practices, but at resuscitating financial markets debilitated by lousy bets on the housing market. Put ...
- The outcome could help determine the future of such financially complex projects as redevelopments funded by city-backed urban renewal bonds. On Oct. 1 the council considers a Portland Development Commission request to sell $52 million worth of ...
- NEW YORK (Reuters) - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage assets ...
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NEW YORK (Reuters) - Wachovia Corp
is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to ongoing concerns about its portfolio of illiquid ... - NEW YORK, Sept 28 (Reuters) - Wachovia Corp (nyse: WB - news - people ) is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its ...
- When Deb Freitag of Cincinnati applied for a credit card so she could replace her roof, her leaky refrigerator and her old dishwasher, she was offered a $1,000 line of credit, not the $5,000 she needed. When Mark Ryan of New York finally scraped ...
- The government's $700-billion bailout plan probably comes too late to help such faltering lenders as FirstFed Financial Corp. of Los Angeles and Downey Financial Corp. of Newport Beach, which stuffed their investment portfolios with multibillion ...
- It goes by a clumsy acronym, and its inner workings may be difficult to understand, but a key interest rate set in London every business day is having a dramatic impact on the U.S. and global economies as the credit crisis has intensified. A. Libor ...
- As politicians struggle to patch up the nation's ailing financial system, credit – the grease that keeps the global economic machine running – has been drying up to a dangerous extent. Over the past two weeks, many banks have ceased lending money ...
- Like hot embers burning under a big fire, home foreclosures and falling home prices simmer at the core of the global financial crisis. And millions of homeowners, one at a time, now may play a key role in preventing the crisis from becoming a ...
- "There is a lot of blame to go around." Treasury Secretary Henry Paulson made that statement last week while trying to persuade Congress to pony up $700 billion to bail out that abstraction known as Wall Street. Paulson's testimony before the Senate ...
- IN THE biggest bank failure in United States history, Washington Mutual Inc has collapsed under the weight of its enormous bad bets on the mortgage market. The Federal Deposit Insurance Corporation (FDIC) seized WaMu on Friday and sold its banking ...
- Sept. 27 (Bloomberg) -- Washington Mutual Inc. , a holding company for the savings and loan that became the biggest U.S. bank to fail, listed more than $8 billion in debt in its bankruptcy filing in Wilmington, Delaware. WaMu, the 119-year-old ...
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