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- OLNEY, Md. , Oct. 23 /PRNewswire-FirstCall/ -- Sandy Spring Bancorp, Inc., SASR the parent company of Sandy Spring Bank , today announced net income for the third quarter of 2008 of $5.4 million ( $.33 per diluted share) compared to $8.2 million ...
- Comcast Corp ( CMCSA ) Stock Quote , Chart , News , Add to Watchlist As retailers batten down the hatches for what most finally agree will be a nasty economic slowdown, their landlords are scrambling to keep the lights on. The Wall Street Journal ...
- EVERETT, WA -- 10/23/08 -- Frontier Financial Corporation (NASDAQ: FTBK) today announced results for the three and nine months ended September 30, 2008. For the three months ended September 30, 2008, the Corporation reported a net loss of $17.8 ...
- WASHINGTON -- Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the ...
- Anyone who's even vaguely following the financial meltdown in the U.S. would be familiar with the names of some of the institutions that have taken a wild ride in the volatile markets. When the likes of Lehman Brothers Holdings Inc., Merrill Lynch ...
- ZURICH, Switzerland -- Credit Suisse Group reported a 1.26 billion Swiss franc ($1.08 billion) loss during the third quarter Thursday, blaming bad investments and the global financial turmoil, and the bank said it was working to further cut its ...
- ZURICH, Oct 23 (Reuters) - Swiss bank Credit Suisse trimmed exposure to illiquid assets, but a whopping 1.7 billion Swiss franc trading loss in the third quarter and a warning the fourth quarter would be tough dragged its shares down 8 percent ...
- Finance Minister Jim Flaherty has scheduled a news conference for Thursday morning before stock markets open amid speculation that the federal government is ready to take major steps to guarantee loans and bolster the security of bank deposits. The ...
- Oct. 23 (Bloomberg) -- Credit Suisse Group AG reported its second quarterly loss this year after writing down the value of leveraged loans and mortgage-backed securities, and as financial market swings hurt trading. The third-quarter net loss was 1 ...
- Credit Suisse said this morning that it reduced its exposure to toxic US assets in the third quarter of 2008. However, the Swiss bank gave warning that the rest of the year will be challenging as it copes with the fallout from the global credit ...
- Credit Suisse on Thursday confirmed that writedowns in the value of its leveraged loans and mortgage-backed securities and “exceptionally adverse” trading conditions pushed it into a third-quarter loss. Switzerland’s second-biggest bank said ...
- ZURICH, Oct 23 (Reuters) - Swiss banking heavyweight Credit Suisse said it had further cut its exposure to illiquid U.S. assets as it confirmed its hefty third-quarter loss on Thursday, but warned the rest of the year would be tough. Credit Suisse ...
- NEW YORK - (Business Wire) Fitch Ratings has affirmed and assigned Outlooks to TIAA Seasoned Commercial Mortgage Pass-Through Certificates, series 2007-C4, as follows: --$459 million class A-1 at 'AAA'; Outlook Stable; --$324.7 million class A-2 at ...
- Republican former Secretary of State Colin Powell's endorsement of Sen. Barack Obama is the latest sign that the Republican Party's coalition is fracturing amid the stresses of the campaign. Appearing on NBC's "Meet The Press" Sunday, Gen. Powell ...
- Last week the eyes of the financial world turned to Britain as the government announced radical action to restore confidence in our banking system, prevent the failure of some of our most important banks and shore up our financial markets against the ...
- Investment bankers who have been holding their breath for the past two weeks could get a shock when they come up for air. Having focused necessarily on capital and liquidity problems, few investment bankers have had time to address their future ...
- The US economy appears to be plunging into what many experts believe will be its worst recession since 1982. Senior officials at the Treasury and Federal Reserve are confident that the rescue plan for US banks will succeed in preventing a financial ...
- WASHINGTON (AP) -- Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took ...
- What a week. The market turned the knob on its usual fear/greed flip-flops up to 11, and we went from massive gains on Monday to an air pocket on Wednesday, one where markets threatened to plummet straight through recent lows. But the indices managed ...
- Northern Rock denied claims it was taking an "aggressive" attitude towards repossessions. The nationalised lender was more than twice as likely to repossess homes as other lenders, according to BBC research. Campaigners said the Rock's eagerness to ...
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