Mortgage and Financial News From 2008-1-15 Page 41
Previous Day: 2008-01-14
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Sector Snap: Banks Decline - Houston Chronicle
Sector Snap: Banks DeclineHouston Chronicle, United States - 56 minutes agoThe New York-based bank also set aside $4.1 billion to cover bad loans. Last week credit card lenders American Express Co. and Capital One Financial Corp. ...
2008-01-15 11:03:30 -
European Markets Fall, Led By Banks, Commodities - European ... - RTT News
European Markets Fall, Led By Banks, Commodities - European ...RTT News, NY - 51 minutes agoBritish mortgage lender Northern Rock, which was bailed out by the Bank of England in September, plunged 16% after the company's chairman Bryan Sanderson ...
2008-01-15 11:08:57 -
Leyens: Make housing program better serve middle incomes - Vicksburg Post
Leyens: Make housing program better serve middle incomesVicksburg Post, MS - 33 minutes ago"This is not about people with bad credit who don't get a loan," he said. Housing administrators have said many of the residents who receive down payment ...
2008-01-15 11:26:18 -
Homebuyers Stay in Control - Motley Fool
Homebuyers Stay in ControlMotley Fool - 26 minutes agoAlthough credit markets have tightened up substantially, those borrowers who do qualify for financing should get a pleasant surprise. Mortgage rates are at ...
2008-01-15 11:33:43 -
Huge losses reported for biggest US bank - Radio New Zealand
Huge losses reported for biggest US bankRadio New Zealand, New Zealand - 25 minutes agoChief executive Vikram Pandit says the loss had been caused by a $US18.1bn exposure to bad mortgage debt and is "clearly unacceptable". ...
2008-01-15 11:34:20 -
UPDATE: Citi's $18.1 Billion Write-Down Strikes Some As Meager - CNNMoney.com
UPDATE: Citi's $18.1 Billion Write-Down Strikes Some As MeagerCNNMoney.com - 18 minutes agoIt cited the possibility of further structured mortgage write-downs and the bank's big exposure to consumer loans. Susan Katzke, an analyst at Credit Suisse ...
2008-01-15 11:41:31 -
Stocks plunge on credit fears (The Globe and Mail)
S&P/TSX tumbles more than 300 points as sentiment turns negative amid subprime mortgage woes
2008-01-15 11:25:46 -
Citi Posts $9.83 Billion Loss; Will Cut Jobs (NYTimes.com via Yahoo! Finance)
Citigroup will write down $18.1 billion because of soured mortgage-related investments, cut its stock dividend and sell another stake to foreign investors.
2008-01-15 11:41:04 -
Wall Street plunges as weak economic figures stirs recession concerns (South Bend Tribune)
NEW YORK (AP) -- Stocks skidded Tuesday after weak economic news and a disappointing quarterly report from Citigroup Inc. signaled that Wall Street's worries about the economy are likely to continue unassuaged. The Dow Jones industrials fell almost 200 points.
2008-01-15 11:46:00 -
Citi Loses Almost $10B in 4Q, Slashes Dividend, Gets $12.5B Investment After Hefty Write-Downs (Canadian Business)
Madlen Read January 15, 2008 - 2:00 p.m. NEW YORK (AP) - Citigroup Inc. lost almost $10 billion in last year's final three months, the largest quarterly deficit in its 196-year history, and slashed its dividend and 4,200 jobs as it recorded a mammoth write-down for bad bets on the mortgage industry.
2008-01-15 11:48:32 -
p0646 BC-Citigroup 7thLd-Writethru 01-15 0860 (Hays Daily News)
Eds: New thruout with more details, later stock price. Moving on general news and financial services.
2008-01-15 11:49:42 -
Citigroup books $10 billion loss; slashes dividend and 4,200 jobs (Seattle Times)
Citigroup lost almost $10 billion in last year's final three months, the largest quarterly deficit in its 196-year history, and today slashed...
2008-01-15 11:50:12 -
Drastic steps from Citigroup and Merrill Lynch (International Herald Tribune)
Citigroup announced a $9.83 billion loss for the fourth quarter and said that it would cut in its dividend by 41 percent. Merrill said it was getting a fresh cash investment of $6.6 billion.
2008-01-15 11:51:48 -
U.S. Stocks Decline on Citigroup's Loss, Drop in Retail Sales (Bloomberg.com)
Jan. 15 (Bloomberg) -- The U.S. stock market resumed its January swoon after Citigroup Inc. reported a record loss, retail sales unexpectedly dropped and falling oil prices dragged down energy shares.
2008-01-15 11:51:53 -
Research is vital when buying a foreclosed home (South Lee Messenger)
Florida is among the leading states in foreclosure rates across the country, the result of falling home prices and increasing mortgage payments.
2008-01-15 11:58:04
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