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Source: www.msnbc.msn.com --- 34 days ago
Customers storming George Bailey's building and loan in the 1946 classic "It's a Wonderful Life" might seem more likely today, given the run on California-based IndyMac this week. ... Source: news.yahoo.com --- 31 days ago
Texas Banking Commissioner Randall James calls a press conference to dispel rumors of failing Banks. ... Source: www.msnbc.msn.com --- 31 days ago
Local agencies are struggling to feed the needy. ... Source: sandiego.about.com --- 5 days ago
In probably the most explicit indicator of how the rough economy is affecting people, Local food Banks are seeing a steady rise in demand for supplemental food resources. According to... ... Source: www.moreover.com --- 23 days ago
The Banks rush to Small and Medium Enterprise concentrated areas like Kikuubo, Owino and Shauri Yako markets was interpreted as a move to bring on board the long ignored SMEs into the foray of banking opportunity. ... Source: www.bostonherald.com --- 37 days ago
Local bankers breathed a sigh of relief yesterday after the federal government moved to prop up troubled mortgage giants Fannie Mae and Freddie Mac. Though many bank... ... Source: www.charlotte.com --- 35 days ago
Bank stocks on a wild ride. Government aid for mortgage giants Fannie Mae and Freddie Mac. Testy customers lining up at the doors of a failed lender in California. The credit crisis slamming the financial industry is the all-too-real fallout from the nation's burst housing bubble, and it's greater than some recent upheavals, experts said Tuesday. The feeling of uncertainty isn't being helped by general economic angst and an electronic media world that blares that unsettling news 24-7, they said. On Tuesday, President Bush and Federal Reserve Chairman Ben Bernanke made bids to soothe the waters. Charlotte-based Wachovia issued a statement that it was “strong and stable,” and the N.C. Bankers Association held a news conference to say the state's Banks entered the latest downturn with stockpiles of capital. “As painful as the low points of every economic cycle may be, and we are certainly at or near such a low point, each such valley has always been followed by the ascension to new heights,” association president Thad Woodard said in a statement. The problems in the economy are very real, said U.S. Rep. Mel Watt, the Charlotte Democrat on the House Financial Services Committee. Watt decided against a trip to the mountains last weekend because of high gas prices. However, he said in an interview Tuesday, “Runs on Banks are unjustified.” Analysts are increasingly comparing the current troubles to the 1990-1991 recession, although that ... Source: www.moreover.com --- 29 days ago
Post-Searchlight Jul 23 2008 1:17AM GMT ... Source: www.moreover.com --- 46 days ago
Strausnews Jul 5 2008 6:01PM GMT ... Source: chronicle.com --- 18 days ago
Community lenders can fill in where national Banks are falling short, says a financial-services expert. ... Source: www.articlealley.com --- 14 days ago
Pets are an integral part of a loving family. In times of need, especially with todayâs slowing economy, food can be scarce and hard to come by for many families throughout the US. Local area food Banks provide families with the much needed food suppl... ... Source: www.newsobserver.com --- 27 days ago
The corporate parents of two Triangle-based community Banks Crescent State Bank and North State Bank reported significant earnings declines in the second quarter. ... Source: chicagobusiness.com --- 39 days ago
When the first signs of the mortgage crisis emerged in the spring of 2007, Platinum Community Bank President Michael Linsner moved quickly, lining up a deal to sell the small Rolling Meadows lender. Florida-based Taylor Bean & Whitaker Mortgage Corp. completed the acquisition last week, infusing ... ... Source: www.wsoctv.com --- 36 days ago
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Source: www.theindependent.com --- 32 days ago
"What's in a name? That which we call a rose, By any other name would smell as sweet." With all due respect to William Shakespeare, Ed O'Boyle of Five Points Bank in Grand Island and Barry Sandstrom would like to disagree when it comes to those lines from "Romeo and Juliet." When it comes to Banks, there is a big difference between community Banks and a few of the Banks and brokerage houses that have been making all the recent headlines. O'Boyle and Sandstrom said those headlines have prompted their customers to ask about the financial health of Five Points Bank and Home Federal Bank here in Grand Island. Both men told The Independent that the health of both institutions is just fine. In fact, they said people have nothing to worry about when it comes to any Local financial institution that accepts deposits and makes loans. Although no one from Equitable Bank in Grand Island talked to The Independent, that institution coincidentally issued an Independent Community Bankers of America press release that praised the safety of customer deposits in community Banks. During his interview, O'Boyle stressed that Five Points Bank is a community bank. He said the financial institutions that are making the headlines made interest-only loans -- "statement-only" loans in which borrowers did not have to verify their annual incomes and negative amortization loans. Sandstrom said some people have developed a derisive term to describe what happene ... Source: www.thesheet.com --- 37 days ago
The Industrial and Commercial Bank of China is interested in forming alliances with Australian Banks, and it has not ruled out taking an equity stake in one of the major Australian Banks, the Herald Sun reported. ... Source: seattlebubble.com --- 50 days ago
From today’s Everett Herald: Housing slump hits Local Banks hard Low interest rates, the loss of the home construction boom and investor pessimism all are weighing down on bank stocks, dealing a big blow to all three of the Local Banks traded on Wall Street. Lynnwood’s City Bank, along with Frontier Financial and Cascade Financial — both [...] ... Source: www.record-eagle.com --- 34 days ago
The weekend failure of California-based IndyMac Bancorp., combined with a series of recent stock losses at major financial institutions and jittery financial markets, is prompting numerous inquiries to Local Banks about their financial health. ... Source: dailytimes.com --- 32 days ago
The savings and loan industry is taking a hit across the nation, but Local bankers want to assure customers their money is safe. ... Find more results for Local Banks on RSSMicro.com |
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