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FINANCIAL STOCKS Credit woes rock financials, led by Bank of America - MarketWatch

FINANCIAL STOCKS Credit woes rock financials, led by Bank of America
MarketWatch - 6 hours ago
have taken large write-offs for loans already in default, and boosted loan-loss provisions; reserves they expect to need for loans that will go bad. ,
Associated reports profit decline The Business Journal of Milwaukee Bizjournals.com
all 11 news articles

Bad loans weigh on Banco Popular - MSNBC

Bad loans weigh on Banco Popular
MSNBC - 18 hours ago
By Leslie Crawford Banco Popular, a mid-sized Spanish bank, suffered a 21 per cent rise in bad loans in the 12 months to September 2007 - a trend likely to

Five tips before you buy a new car - EmeraldCoast.com


EmeraldCoast.com
Five tips before you buy a new car
EmeraldCoast.com, FL - 6 hours ago
So it’s crucial to know your lender’s conditions on your loan up-front. 3. Bad Credit Means the Bank Protects its Money: When you have bad credit,

Bank of America Earnings Drop on Loan Writedowns (Update7) - Bloomberg

Bank of America Earnings Drop on Loan Writedowns (Update7)
Bloomberg - 16 minutes ago
The Charlotte, North Carolina-based company set aside $2.03 billion in the quarter to cover bad loans amid the worst US housing slump in 16 years.

Making a Loan Only After It Goes Bad - New York Times


Telegraph.co.uk
Making a Loan Only After It Goes Bad
New York Times, United States - 39 minutes ago
You don’t make the loan until you know it will be a bad loan. Henry M. Paulson Jr., the Treasury secretary and former chief executive of Goldman Sachs,
3 Major Banks Offer Plan to Calm Debts in Housing New York Times
Out of the Crisis: Is the US Treasury Crossing Into 'Moral Hazard Seeking Alpha
Super-Conduit or Super-Bailout Shell Game? RGE Monitor
all 33 news articles

WaMu doesn't expect to see woes end soon - Seattle Times


KOMO
WaMu doesn't expect to see woes end soon
Seattle Times, United States - 13 hours ago
Outside the home-loan segment, WaMu's credit-card business also showed signs of strain. The company charged off $120 million worth of bad credit-card debt
Washington Mutual's Profit Falls on Bad Mortgages (Update3) Bloomberg
WaMu earnings miss the mark CNNMoney.com
Washington Mutual Net Dives 72% Wall Street Journal
RTT News - The Consumerist
all 231 news articles

2nd UPDATE: Bank Of America 3Q Net Down 32%; Shares Slump - CNNMoney.com


Turkish Press
2nd UPDATE: Bank Of America 3Q Net Down 32%; Shares Slump
CNNMoney.com - 7 hours ago
But weakening credit quality took a toll, as the bank was forced to set aside more funds to cover bad loans. Net charge-offs held basically steady,
Earnings Fall 32 Percent at Bank of America New York Times
Bank of America's earnings fall 32% CNNMoney.com
Bank of America signals changes at investment bank after earnings International Herald Tribune
MarketWatch - Reuters.uk
all 325 news articles

A stiff price for loans gone bad - Los Angeles Times

A stiff price for loans gone bad
Los Angeles Times, CA - 14 hours ago
banking company disclosed the damage Wednesday: more than $1 billion in losses stemming from loans to people with bad credit or troubled finances.

UP AND DOWN WALL STREET DAILY | - Barron’s (subscription)

UP AND DOWN WALL STREET DAILY |
Barron’s (subscription) - 9 hours ago
And when US officials pushed the Japanese to take the hit for their bad loans, many of which were real-estate-related, who led the American charge?

JP Morgan Posts a Profit, but Takes $1.6 Billion Write-Down - New York Times


Philadelphia Inquirer
JP Morgan Posts a Profit, but Takes $1.6 Billion Write-Down
New York Times, United States - 23 hours ago
So far, auto and credit card loans have are held up overall, but borrowers are have been falling behind on payments in areas like Florida, where home prices
JPMorgan Third-Quarter Profit Rises, Beats Estimates (Update7) Bloomberg
2nd UPDATE:JPMorgan 3Q Profits Up 2%,Outperforming Citigroup CNNMoney.com
Shine On You Crazy Dimon TheStreet.com
MarketWatch - New York Post
all 306 news articles

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