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Wells Fargo's Kovacevich sees time of opportunity - Des Moines RegisterWells Fargo wants to grow during the current economic downturn, as its predecessor, Norwest Corp., did during downturns in the 1980s and '90s, Wells Fargo Chairman Richard Kovacevich said Thursday during an interview in Des Moines. The San Francisco ...
Principal says $2 billion from U.S. is no bailout - Des Moines RegisterIf Principal Financial Group were to receive $2 billion in government money, it would not be a bailout, says Chief Executive Larry Zimpleman. "It's only a bailout in the sense that we are trying to bail out the economy," he said. Principal announced ...
Hartford Jumps 21% on Plan to Buy Bank, Seek U.S. Aid (Update2) - BloombergNov. 14 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer that had a $2.6 billion third-quarter loss, jumped 21 percent in New York trading after agreeing to buy a bank and gain eligibility for the Treasury bailout program. Hartford ...
Lincoln National seeks charter change, federal funds - Philadelphia Business JournalFinancial services giant Lincoln National Corp. said Monday that it has agreed to buy Newton County Loan & Savings , and has applied to become a savings-and-loan holding company. The moves would make Lincoln, which does business as Lincoln Financial ...
Lincoln Financial buying bank, applying for funds - ForbesInsurance and investment manager Lincoln Financial Group said Monday it is applying to become a savings and loan after reaching a deal to acquire Newton County Loan & Savings FSB. The move will allow Lincoln Financial to apply to receive funds as ...
Hartford, Lincoln, Genworth Buy S&Ls, May Gain Treasury Funds - BloombergNov. 15 (Bloomberg) -- Hartford Financial Services Group Inc., Genworth Financial Inc. and Lincoln National Corp. plan to buy lenders, a move that may entitle the insurers to billions of dollars from the Treasury's bank rescue fund. Hartford, which ...
6 steps to fix the housing market - Boston GlobeThe housing market is beginning to resemble one of those super bugs that are resistant to modern medicine: Despite injections of help from the government and lenders, it's still sick. Foreclosures continue at an alarming pace, sales are few, and ...
Life Insurers Seek Money in the Banks - Insurance News NetCopyright 2008 TheStreet.com, Inc.All Rights Reserved TheStreet . com November 18, 2008 Tuesday 17:51 PM EST SECTION: NEWS & ANALYSIS; On the Brink LENGTH: 991 words HEADLINE: Life Insurers Seek Money in the Banks BYLINE: Philip van Doorn, TheStreet ...
Lincoln seeks bailout cash - Fort Wayne Journal GazetteSnapshot Lincoln National Corp.’s most recent earnings report reflected the weakening economy: • Third-quarter 2008 earnings: $148 million or 58 cents per diluted share • Third-quarter 2007 earnings: $330 million or $1.21 per diluted share ...
MAHONING COUNTY - VindicatorRandolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...
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