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- Oct. 16 (Bloomberg) -- General Motors Corp. , facing a drop- off in loans from former lending unit GMAC LLC , will begin advertising tomorrow to reassure buyers they can still borrow from hundreds of banks. The push by the largest U.S. automaker ...
- Home sales doubled in September as bargain hunters grabbed up Sonoma County homes, putting a dent for the first time in the region’s lower-priced properties, according to a new report. Two out of three homes sold in September were foreclosure ...
- Motorcycle-maker Harley-Davidson Inc said it was temporarily suspending its share buybacks and motor home-maker Winnebago Industries Inc said it was indefinitely halting dividend payments as the headwinds that have made it tough for consumers to ...
- Declining housing prices on the South Shore make it a good time to purchase a house, and though there are fewer mortgage options, it is still possible to get a home loan. Dan Thrift / Tribune file photo With South Shore housing prices dipping, people ...
- Canadian banks sold $5-billion of mortgages to Canada Mortgage and Housing Corp. at a price that indicates the government will indeed make a big profit on its program to help banks jump-start lending. CMHC will earn an average yield of 4.24 per cent ...
- NEW YORK--( BUSINESS WIRE )--Fitch Ratings has placed two classes of CSMC 2006-TFL2, commercial mortgage pass-through certificates on Rating Watch Negative, as follows: --$14.1 million class MW-A at 'AA'; and --$8.5 million class MW-B at 'A'. In ...
- 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 ...
- www.mementosecurity.com - Memento, Inc. Jamie Watt, 978-371-0673 Director, Marketing jwatt@mementosecurity.com Memento, Inc., a leader in fraud detection and risk mitigation for banks and credit unions, today announced that Guaranty Bank has chosen ...
- NEW YORK--( BUSINESS WIRE )--Thacher Proffitt & Wood LLP announced today the publication of “ Treasury Announces Capital Purchase Program for Domestic Banking Institutions, ” authored by partners, W. Edward Bright and Stephanie G. Nygard and ...
- The Swiss National Bank (SNB) and UBS have reached an agreement to transfer up to USD 60 billion of currently illiquid securities and other assets from UBS ’ s balance sheet to a separate fund entity. With this transaction, UBS caps future ...
- The Swiss National Bank (SNB) and UBS have reached an agreement to transfer up to USD 60 billion of currently illiquid securities and other assets from UBS ’ s balance sheet to a separate fund entity. With this transaction, UBS caps future ...
- DETROIT - With October auto sales expected to fall short of September’s 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can’t get a loan. Many banks and ...
- NEW YORK (AP) -- Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected. For the July-to ...
- Oct. 15 (Bloomberg) -- Once U.K. Prime Minister Gordon Brown decided to recapitalize his nation's banks, other European countries and the U.S. had no choice but to fall in line. That doesn't mean the federal government should try to run the banks ...
- Oct. 15 (Bloomberg) -- Dollar money-market rates fell after the European Central Bank, Bank of England and Swiss National Bank offered lenders unlimited U.S. currency for the first time in a coordinated effort to unlock credit markets. The London ...
- BEVERLY HILLS, Calif.--( BUSINESS WIRE )-- Excel National Bank in Beverly Hills has been recognized as the nation ’ s number one lender to businesses in rural communities. USDA Rural Development cited Excel ’ s “ exceptional record ” of more ...
- The co-op food market planned for Long Lake has a name -- Harvest Moon Natural Foods. It has members -- 475 of them. And it's got a location -- at last. At its meeting last month, the board working to build the member-owned grocery store announced ...
- The co-op food market planned for Long Lake has a name -- Harvest Moon Natural Foods. It has members -- 475 of them. And it's got a location -- at last. At its meeting last month, the board working to build the member-owned grocery store announced ...
- President Bush, announcing his plan in the Rose Garden, said: "Government's role will be limited and temporary." WASHINGTON -- President Bush today announced a $250 billion plan by the government to directly buy shares in the nation's leading banks ...
- WASHINGTON (AP) -- President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it." Bush, in ...
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