Mortgage News

In addition to the deteriorating housing market, the lender was hit by news of an investigation by the New York AG. S&P rates the shares sell

Original post by AnthonyK

Many investors want a breakup, but the arguments against splitting up the financial giant are powerful

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Here’s why S&P has downgraded its recommendations on the sector—and several big names in the group

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In the wake of Charles Prince’s departure, the former Treasury Secretary is named chairman. His first order of business: finding a new CEO

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The banking giant’s shares flounder after analysts downgrade the company, citing a lack of capital and exposure to shaky credit pools and subprime mortgages

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The latest quarterly GDP report is expected to confirm solid growth. Still, the Fed will discuss a rate cut to avoid a potential recession

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It’s official: Stanley O’Neal is out as CEO. But the challenges facing his successor are daunting

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S&P says City National is one of the strongest midcap financial institutions it covers, and rates the shares a strong buy

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Some brave long-term investors are looking for bargains among the casualties of the credit crunch

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The financial giant’s CEO took full responsibility for the 94% revenue loss last quarter. Heavy exposure to subprime mortgages was a big problem

Original post by AnthonyK