Is this a recession? How bad is housing? When will banks revive? Is my job safe? Are consumers done? Who’s to blame?
banksOn Every Front, Anxious Questions and Discomfiting AnswersNYT > Business Fri, 07/18/2008 - 19:55
Is this a recession? How bad is housing? When will banks revive? Is my job safe? Are consumers done? Who’s to blame? Banks reportedly not taking IndyMac checksNewsvine - business Thu, 07/17/2008 - 10:21
The frustration didn't end for some IndyMac customers when they finally were able to withdraw their funds from the failing bank seized last week by federal regulators. Tags:
Analysts Say More Banks Will FailNYT > Business Sun, 07/13/2008 - 18:40
Banks are in far less danger than they were during the savings-and-loan crisis of the late 1980s, but as many as 150 U.S. banks could fail over the next year, analysts say. Journal Broadcast Group Grabs KNINBroadcasting & Cable - Business and Deals News Wed, 07/02/2008 - 10:00
Banks-Boise sells Boise, Idaho, The CW affiliate for $8M. Service Lets Drivers Lock In Gasoline PricesDigg - Business & Finance Tue, 07/01/2008 - 16:46
A recently introduced service called MyGallons.com allows drivers to fill up their tanks sometime in the future but at current prices, using a debit-like card which banks gallons rather than dollars. Tags:
Fed eyes making it easier to invest in banksNewsvine - business Fri, 06/27/2008 - 11:55
The Federal Reserve is looking into making it easier for private equity firms to invest in banks, a move that could usher new capital infusions to cash-hungry banks and help them cope with credit problems. New Crisis Threatens Healthy BanksNewsvine - business Sun, 06/22/2008 - 11:42
Because of the trouble in home-equity and commercial real estate loans, he says, "you will have some economic Darwinism" among banks. Shareholders take brunt of banks' capital raisingNewsvine - business Sat, 06/21/2008 - 01:54
America's banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders. Tags:
Banks Trimming Limits for Many on Credit CardsNYT > Business Fri, 06/20/2008 - 14:52
After fostering the explosive growth of consumer debt in recent years, financial companies are reducing the credit limits on cards held by millions of Americans, often without warning. A Question of PriceNYT > Business Thu, 06/19/2008 - 20:51
Many banks are struggling to value the assets they hold, raising doubt among many investors about those companies’ financial health. |