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- Struggling mortgage lender Downey names CEO - Reuters
NEW YORK, Sept 22 (Reuters) - Downey Financial Corp (DSL.N: Quote , Profile , Research , Stock Buzz ), a southern California lender battered by losses on option adjustable-rate mortgages, on Monday named Charles Rinehart chief executive officer ...
www.reuters.com - Bradford and Bingley: Taxpayers pick up the bill for the Superbank of Bad Debt (Daily Mail)
Taxpayers face a multi-billion pound bill with the forced nationalisation of Bradford & Bingley this morning.
www.dailymail.co.uk - US banks' troubled big loans triple in 2008 - Reuters
WASHINGTON, Oct 8 (Reuters) - The value of troubled large loans held by U.S. banks more than tripled in 2008, while the volume of syndicated credit commitments worth $20 million jumped at the fastest rate in a decade, bank regulators said on ...
www.reuters.com - IDC TO THE RESCUE (Financial Mail)
By Matthew Hill Quote: "If the cash had not come through, it is not impossible that Pamodzi management might have been facing liquidation threats " The wheels have come off Pamodzi Gold's frantic efforts to secure financing to the tune o...
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