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Big Greek banks say will use govt support as needed - Forbes
ATHENS, Oct 23 (Reuters) - Greece's big banks, which have agreed to a 28 billion euro ($35.9 billion) government rescue plan, said the scheme will enable them to get state funding if and when needed and be on a par with European peers. Although ...
Europe markets drop ahead of Wall Street open - International Herald Tribune
LONDON : European stock markets were lower Thursday following hefty losses in Asia earlier and an expected further retreat on Wall Street as spreading pessimism over corporate earnings reinforced concerns about the world economy. Britain's FTSE 100 ...
SunTrust Banks third-quarter profit falls - Reuters
NEW YORK (Reuters) - SunTrust Banks Inc (STI.N: Quote , Profile , Research , Stock Buzz ), a large U.S. southeast regional bank, said on Thursday that third-quarter profit fell 25 percent, hurt by the effects of the tough credit environment. Net ...
Credit Suisse earnings crippled by trading losses - International Herald Tribune
LONDON : Credit Suisse Group, a large Swiss, said 1.7 billion Swiss francs of trading losses contributed to its second unprofitable quarter this year. The Zurich-based bank booked the losses on buying and selling securities of financial institutions ...
Treasury urged to help Big 3 - Detroit News
WASHINGTON -- Michigan's congressional delegation is pushing to win approval of more government aid for U.S. automakers to ease their credit woes as hurdles have emerged that could derail a $25 billion federal loan program to help the companies ...
World Markets Mirror Wall Street's Losses - CBS News
(CBS/AP) European stock markets were modestly lower Thursday after Japan's Nikkei index closed at a five-year low and Wall Street's Dow Jones index ended down nearly 6 percent Wednesday over mounting recession fears. Europe's indexes could have been ...
France to create sovereign fund - International Herald Tribune
PARIS : French President Nicolas Sarkozy on Thursday proposed creating a state-run investment fund aimed at defending French companies from unwanted predators and helping small companies in difficulty. Sarkozy said the global financial crisis proved ...
UPDATE 4-DSG says trading worse, but eases loan concerns - Forbes
LONDON, Oct 23 (Reuters) - DSG, Europe's number two electrical goods retailer, said trading conditions had got worse and cut its investment plans on Thursday, but it eased concerns about its bank loans, giving some relief to its battered shares ...
Local bank rides out rough economy - Howard County Times
When Robert Gladden bought Chesapeake Systems, a heating and air conditioning company, in 2007, he moved his banking operations from SunTrust, one of the nation's largest banks, to Howard Bank, a Howard County bank based in Ellicott City. Gladden, 51 ...
TOPWRAP 3-Crisis hits Japan exports, IMF to talk to Belarus - Forbes
BEIJING/LONDON, Oct 23 (Reuters) - Weak Japanese exports illustrated on Thursday the damage to major economies from the global financial crisis as the IMF said it would open loan talks with Belarus, the latest developing market casualty. New Zealand ...
SunTrust Banks third-quarter profit falls - Reuters
NEW YORK (Reuters) - SunTrust Banks Inc (STI.N: Quote , Profile , Research , Stock Buzz ), a large U.S. southeast regional bank, said on Thursday that third-quarter profit fell 25 percent, hurt by the effects of the tough credit environment. Net ...
Europe markets follow Asia lower - Chicago Sun-Times
LONDON---- European stock markets were modestly lower Thursday after Japan's Nikkei index closed at a five-year low and Wall Street's Dow Jones index ended down nearly 6 percent Wednesday over mounting recession fears. Europe's indexes could have ...
Europe markets follow Asia lower - Canton Repository
LONDON — European stock markets were modestly lower Thursday after Japan's Nikkei index closed at a five-year low and Wall Street's Dow Jones index ended down nearly 6 percent Wednesday over mounting recession fears. Europe's indexes could have ...
REFILE-UPDATE 3-DSG says trading worse, but eases loan concerns - Forbes
LONDON, Oct 23 (Reuters) - DSG, Europe's No.2 electrical goods retailer, said trading conditions had got worse and cut its investment plans on Thursday, but eased concerns about its bank loans, giving some relief to its battered shares. 'Assuming the ...
UPDATE 3-DSG says trading worse, but eases loan concerns - Forbes
LONDON, Oct 23 (Reuters) - DSG, Europe's No.2 electrical goods retailer, said trading conditions had got worse and cut its investment plans on Thursday, but eased concerns about its bank loans, giving some relief to its battered shares. 'Assuming the ...
Stadium feasibility study wanted - Daily Local News
The Chester County Stadium Project Task Force is hoping to make it to first base by raising funding for a $20,000 feasibility study. The study will pay a consultant to determine what it would take to build a stadium and recruit a Class A minor league ...
Four big clients sue Wells Fargo over investment loss - Minneapolis Star Tribune
Mortgage backed securities. Until 30 days ago, is sounded like as sure an investment as any, short of bank CDs. If a company didn't want … read more to live with the rate on bank CDs, there was more gain and some more risk. No one wants to have ...
TOPWRAP 3-Crisis hits Japan exports, IMF to talk to Belarus - CNBC
BEIJING/LONDON, Oct 23 (Reuters) - Weak Japanese exports illustrated on Thursday the damage to major economies from the global financial crisis as the IMF said it would open loan talks with Belarus, the latest developing market casualty. New Zealand ...
UPDATE 2-S.Korea says economy hurting, takes more action - Forbes
SEOUL, Oct 23 (Reuters) - South Korea warned on Thursday that Asia's fourth-biggest economy was already showing considerable weakness as authorities added to a raft of measures to protect it from a looming global recession. President Lee Myung-bak ...
Wachovia Hints at What's in Store for Wells Fargo - Seekingalpha.com
In our… $1.95 billion CIB [corporate and investment bank] non-branch [mortgage loan] portfolio… NPAs [non-performing assets] were $333 million at the end of the quarter, up $71 million quarter over quarter, and charge-offs were $48 million to 9 ...
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