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(Recasts first paragraph, adds comments and details throughout; NEW ... - ReutersNEW YORK, Oct 6 (Reuters) - As part of a settlement with state attorneys general that could be worth as much as $8.6 billion, Bank of America Corp (BAC.N: Quote , Profile , Research , Stock Buzz ) said on Monday it would cut interest rates and ...
Bank of America settles suits over bad mortgages - CNN MoneyNEW YORK (Associated Press) - Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. Charlotte, N.C.-based ...
Bay Area's future in green tech, Mendonca says - San Francisco GateSunday, October 5, 2008 What better time to sit down with someone like Lenny Mendonca, a longtime business leader in the Bay Area serving a two-year term as chairman of the Bay Area Council. The council represents 275 of the largest employers in the ...
Car dealers face the grim reaper - CNN MoneyNEW YORK (CNNMoney.com) -- If you want to see how America's credit crisis is hitting the streets of your hometown, go to your local car dealer. Auto dealers depend on credit. They need it to run their stores and their customers need it to buy their ...
BoA in $8.6 bln settlement over Countrywide loans - ForbesNEW YORK (Reuters) - As part of a settlement with state attorneys general that could be worth as much as $8.6 billion, Bank of America Corp (nyse: BAC - news - people ) said Monday it would cut interest rates and principal on some troubled mortgages ...
BofA in $8.6 billion settlement over Countrywide loans - MSN MoneyCentralNEW YORK (Reuters) - As part of a settlement with state attorneys general that could be worth as much as $8.6 billion, Bank of America Corp said on Monday it would cut interest rates and principal on some troubled mortgages originated by Countrywide ...
National City shares fall with broader market - MSN MoneyCentralNEW YORK (AP) - Shares of National City Corp. plummeted Monday morning as the broader market tumbled, and after the regional bank's ratings were cut by Fitch Ratings. National City shares fell 96 cents, or 27.4 percent, to $2.55. Shares have traded ...
Company dives into lending pool - New Orleans Times-PicayuneCHUCK COOK/THE TIMES-PICAYUNE Pool Corp., a Covington distributor of swimming pool supplies, has started an in-house brokerage to connect potential pool buyers with loans at a time when many banks are wary of extending credit for such projects. Like ...
National City plunges, weighing down banks - MarketwatchNEW YORK (MarketWatch) -- Shares of National City Corp. plunged more than 30% on Monday, dragging down the broader regional banking sector, after Fitch Ratings downgraded the company's issuer default ratings. , , ) "has been battling asset-quality ...
Credit bubble burst Irwin's long success - Indianapolis StarFor years Irwin Financial Corp.'s big bet on mortgages out West paid off for shareholders. Second-generation chief executive William I. Miller used his Stanford University MBA to produce a sparkling 20 percent return on equity and a stock price that ...
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