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US banking |
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Shake-up at the top for Wachovia
MarketWatch - 8 Hours ago
SAN FRANCISCO (MarketWatch) -- Wachovia Corp. said late Thursday that it is splitting the role of chairman and chief executive as the bank tries to maneuver through the credit crunch. Ken Thompson will Add Comment |
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Wachovia shake-up
Financial News Online US - 10 Hours ago
The bank named its lead independent director, Lanty Smith, to the position of non-executive chairman. Smith has been a director since 1987, a lead independent director since 2000, and serves as chairman Add Comment |
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Mortgage industry |
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House passes rescue package for mortgage crisis
Christian Science Monitor - 65 Minutes ago
Lenders who trim the principal on troubled loans would get federal loan guarantees. Washington - Despite a presidential veto threat, the House passed a broad home-loan rescue package on Thursday that Add Comment |
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UK mortgage market by numbers
The Times - 11 Hours ago
3 million - Total number of borrowers expected to remortgage this year 728,650 - Borrowers coming to the end of a two-year fixed-rate deal this year 4,000 - Number of fixed-rate deals that will end today Add Comment |
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Time to foreclose on Fannie Mae
MarketWatch - 15 Hours ago
BOSTON (MarketWatch) -- When Fannie Mae, the government-sponsored mortgage company, announced a larger-than-expected quarterly loss and another planned cut to its dividend this week, the stock immediately Add Comment |
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Finance news |
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AIG losses boost bonds
CNN Money - 53 Minutes ago
NEW YORK (AP) -- Treasury prices mostly rose Friday after steeper-than-expected losses at insurer AIG stirred fresh concern about strains still taxing the global financial system and as stocks retreated Add Comment |
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Wall Street hit by oil and AIG
CNN Money - 61 Minutes ago
NEW YORK (CNNMoney.com) -- Stocks tumbled Friday afternoon, with the Dow off more than 100 points, after AIG's weak quarter revived worries about the credit crisis and record oil and gas prices exacerbated Add Comment |
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Hints of a Rift at OPEC About Output
New York Times - 66 Minutes ago
Traders at the New York Mercantile Exchange as oil prices surged past $125 per barrel on Friday. A member of OPEC signaled for the first time in months that the oil cartel might increase its output if Add Comment |
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Overview: Record oil dents sentiment
Financial Times - 3 Hours ago
Oil prices broke into fresh record territory, while concerns over slowing growth and a worsening of credit conditions drove investors to seek havens from risk this week.Crude oil's spike above 126 a barrel Add Comment |
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On Wall St: The elephant in the room
Financial Times - 3 Hours ago
Fannie Mae, the biggest buyer of US mortgages, this week demonstrated why it is the elephant in the room when it comes to the ranks of financial institutions deemed too big to fail. Fannie, a government-sponsored Add Comment |
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