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Washington Mutual Resolves Lawsuit Battles with FDIC, JPMorgan Chase (JPM)
(SmarTrend News Watch via COMTEX) -- 3/13/2010-A Washington Mutual attorney said Friday that the company has tentatively resolved disputes with JPMorgan Chase (NYSE:JPM) and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bankmore
BRIEF: National City becoming PNC
Symbols: NCC, PNC Do you know when to trade NCC & PNC ? Mar 12, 2010 (The Akron Beacon Journal - McClatchy-Tribune Information Services via COMTEX) -- Workers are getting signs ready at area National City branches, which will convert in April to PNC.more
Washington Mutual Resolves Lawsuit Battles with FDIC, JPMorgan Chase (JPM)
Washington Mutual Resolves Lawsuit Battles with FDIC, JPMorgan Chase (JPM)more
Washington Mutual Resolves Lawsuit Battles with FDIC, JPMorgan Ch...
3/13/2010-A Washington Mutual attorney said Friday that the company has tentatively resolved disputes with JPMorgan Chase (NYSE:JPM) and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11more
Washington Mutual Resolves Lawsuit Battles with FDIC, JPMorgan Chase (JPM)
After the FDIC seized Washington Mutual's flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion, the two banking companies and the government agency have been trading lawsuits over roughly $4 billion in disputed deposit accounts.more
Three more U.S. banks closed
WASHINGTON, March 13 (UPI) -- The closing of three small banks in Louisiana, Florida and New York brings to 30 the number of U.S. banks closed so far this year, regulators said.more
Archive | Washington Mutual Inc. sues JPMorgan for return of $4 billion
The legal tangle surrounding the bankrupt holding company for Washington Mutual got even more snarled this week, as the company sued JPMorgan Chase for the return of some $4 billion in deposits. The money, claimed by Washington Mutual Inc. (WMI) and itsmore
Bank of America Merrill Lynch Names Oscar Brown Managing Director of Energy Investment Banking
Bank of America Merrill Lynch announced that Oscar Brown will join the firm as managing director of energy investment banking and head of the Houston investment banking office. In this role, Brown will be responsible for deepening client relationshipsmore
California Economy Holds Steady in January, Reports the Comerica...
Comerica Inc (CMA) Stock Quote, Chart, News, Add to Watchlist All PR Newswire news California Economy Holds Steady in January, Reports the Comerica Bank California Economic Activity Index DALLAS, March 11 DALLAS, March 11 /PRNewswire-FirstCall/ --more
Wells Fargo Leads HAMP Servicers in February
Wells Fargo ( WFC : 29.63 -0.44% ) led all servicers with 24,975 permanent loan modifications under the Home Affordable Modification Program (HAMP) through February. The US Treasury Department launched HAMP in March 2009 to provide incentives tomore
Royal Bank eyes U.S. banks with US$10-billion in assets
Royal Bank of Canada is interested in U.S. banks with US$10-billion in assets or more to add to its consumer-lending business, said James Westlake, an executive who oversees the international unit. Canada's biggest bank won't pursue takeovers to add tomore
U.S. banks' loan losses to drag on into 2011, Moody's says
NEW YORK - The housing bust will take an extra year to play out for U.S. banks as loans continue to sour but at a slower pace than previously expected, Moody's Investors Service said yesterday. Moody's latest report on the U.S. banking sector maintainsmore
American Express, TakePart Launch 2010 Members Project
American Express and TakePart, a content-driven social-action network created by Participant Media, have announced the launch of the 2010 Members Project, an online initiative that enables individuals to vote on projects with the potential to createmore
Wild Models, Inc. Talent Agency Recently Selected to Provide Talent by NY-based Client, BBDO Worldwide, for Bank of America National Commercial/Print Campaign
Wild Models, Inc. Talent Agency is both thrilled and honored at the opportunity to provide talent, Jian Zhu, for a prestigious Bank of America national commercial/print campaign produced by 'Most Awarded Agency Network in the World', BBDO Worldwide. LOSmore
Zacks Analyst Blog Highlights: Nasdaq OMX Group Inc., CME Group Inc., IntercontinentalExchange Inc., Bank of New York Mellon Corp. and PNC Financial Services Group
CHICAGO-- (BUSINESS WIRE) -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in themore
Regulators shut down banks in four states, making 26 US bank failures this year
Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession. The Federal Depositmore
American Express, TakePart Launch 2010 Members Project
American Express and TakePart, a content-driven social-action network created by Participant Media, have announced the launch of the 2010 Members Project, an online initiative that enables individuals to vote on projects with the potential to createmore
Challenges ahead for Citibank CEO
Ha Yung-kuHa Yung-ku is poised to serve his third term as the head of Citibank Korea. But he has a long way to go to bring the company back to health, especially since the firm¡¯s labor union is demanding an aggressive business expansion.¡°Until nowmore
Methodology: Wall Street Journal analysis of lending patterns at U.S. banks and credit unions.
Extract not available.more
Buy mid-market CLOs, recommends Wells Fargo
Wells Fargo recommends buying triple A and double A tranches of middle market CLOs, arguing that these deals should outperform other CLOs in an environment of rising defaults. Although the secondary market for these deals is thin, mid-market triple Asmore
New York City bank among three US bank failures
WASHINGTON, March 13 ? The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days. The other banks seized on Friday were small institutions in Floridamore
New York City bank among three U.S. bank failures
WASHINGTON (Reuters) - The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days. The other banks seized on Friday were small institutions in Florida andmore
New York City bank among three U.S. bank failures
WASHINGTON - The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days. The other banks seized on Friday were small institutions in Florida andmore
Bank of America, Citigroup, TM, BP, DB, JPM, ITMN Stk Future Up Before the Bell
U.S. stock futures edged higher Friday as traders looked not just to the key February employment report but also a report the Bank of Japan may take further steps to protect that economy from deflation. S&P 500 futures rose 5.3 points to 1127.50 andmore
Urban Outfitters, Wells Fargo, Inspire Pharma, Pier 1 and Ciena Stk Future Mixed Before the Bell
Sescape_start038;P 500 futures rose 0.5-point to 1119.10 while Nasdaq 100 futures fell 1.5 points to 1850.50. Futures on the Dow Jones Industrial Average rose 13 points. U.S. stocks ended slightly lower Wednesday after a late-day drop, as Pfizer reportedmore