Tag Archive | "bank"
Relief for Florida Homeowners
Approximately 57,000 Floridian’s could be the recipients of Countrywide Financial’s mortgage relief program. Up to $1 billion has been set aside under a settlement with the state attorney, the Miami Herald said. This agreement would reduce the principal and interest rates of homeowners, providing them with more affordable terms. Those who lost their homes due to [...]
Continue reading...Who’s Bank is it Anyway?
Friday, October 3, 2008
Wachovia agreed to sell itself to Wells Fargo in a $15.1 billion deal proposed today. Ironically, this wasn’t the bank’s first choice. An original deal with Citigroup had been in the works, but was dismissed when Wachovia made a more attractive offer. “The Citigroup deal would have been done with the help of the Federal Deposit [...]
Continue reading...The Economy Kills Two Wall Street Giants
Tuesday, September 16, 2008
Two of Wall Street’s most powerful firms are dealing with financial woes the best way they know how, they’re selling. Merrill Lynch agreed to sell itself to Bank of America for about $50 billion dollars. “[This] would create the world’s second-largest bank by market value, after Industrial & Commercial Bank of China, and combine the largest [...]
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Tuesday, October 7, 2008
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