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- KeyCorp said Tuesday it lost $36 million in the third quarter as borrowers including home builders defaulted on loans. But its shares climbed $1.21 to $10.95 on the New York Stock Exchange because it said it had boosted its reserve for bad loans and ...
- Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers Association's seasonally adjusted ...
- Indian Prime Minister Manmohan Singh has called on the developing nations to play a role in resolving the global financial crisis. Premier Singh made his appeal on Wednesday during his recent visit to Japan and before departing for China. Singh is ...
- The region's three largest banks reported disappointing third-quarter results Tuesday as Fifth Third, U.S. Bancorp and National City navigated the most volatile financial market in generations. All three openly mulled participating in investments ...
- The global financial crisis has hit Related WestPac hard, forcing the Base Village developer to delay future construction and lay off 25 percent of its local work force of about 60 people yesterday. Related WestPac President Pat Smith and Related ...
- Regions Financial Corp. said Tuesday it might use Treasury Department investment capital to make acquisitions, and that its 6,200 Birmingham-area employees don't need to be afraid for their jobs even as other banks across the country cut workers. The ...
- Towson-based AmericasBank said yesterday that it has taken steps to maintain its financial soundness under an agreement with federal and state regulators. The enforcement action, announced last week by the Federal Reserve Bank and the Maryland ...
- SALT LAKE CITY -- Intermountain Credit Union is facing problems with its capital reserves and is seeking a merger with America First Credit Union. At a special meeting set for Oct. 28, Intermountain's 6,900 members are expected to approve the ...
- Several major U.S. banks are leaning toward spending a portion of their federal rescue money on acquiring other financial firms rather than for issuing new loans, the primary purpose of the government's $250 billion initiative to invest in banks. J.P ...
- BEIJING (Reuters) - China promised on Sunday to boost agricultural production and farmers' incomes when it unveiled a broad policy document to revitalize its rural areas, which have lagged behind the rest of the nation's economic boom. Central to the ...
- ST. GEORGE - A slowdown in growth, increasing unemployment and fluctuating financial markets have Southern Utah residents feeling ill about the economy, and the two candidates for the state's 2nd Congressional District seat both say they have the ...
- South Korea joined worldwide efforts to shore up banks and markets pummelled by the biggest economic crisis since the Great Depression that world leaders say calls for a coordinated global response. Authorities in Seoul on Sunday pledged $130 billion ...
- It was a Philip W. Coon operation all the way. Coon exploited his position as a top executive at Coast Bank of Bradenton to launch an illegal conspiracy that netted him more than $1 million, according to his just-signed agreement to plead guilty to ...
- It seems absurd that elementary business functions, such as taking out a loan or creating a subsidiary, remain denied to the agency with the multi-billion-dollar job of revitalizing Toronto's waterfront. The city has done its part by approving, in ...
- When Dr. Rudolph Moise immigrated to Miami, the Notre Dame d'Haiti Catholic Church became his community anchor. For the past 28 years, the church's worship center has been an old school cafeteria. But as the Haitian community has grown, so has the ...
- Associated Press Writer= WASHINGTON (AP) - For all Barack Obama's talk about change, there are signs that in style â?? if not substance â?? a new White House under Democrat Obama would operate much like the current one under President Bush ...
- Associated Press Writer= WASHINGTON (AP) - For all Barack Obama's talk about change, there are signs that in style â?? if not substance â?? a new White House under Democrat Obama would operate much like the current one under President Bush ...
- Nina and Michael Phillips had to defer building their dream house when their builder's lender changed the terms of the loan. This was the year Michael and Nina Phillips were going to build their dream house. Over the summer they started working on ...
- REYKJAVIK/MOSCOW (Reuters) - Russia is not yet convinced it should make a loan to Iceland to help dig it out of a financial crisis, a Russian source said on Friday. But as the island ran down more of its meager foreign reserves, Iceland said it hoped ...
- The boom may be a bust, but North Idaho is doing better than much of the nation in new home construction. “It’s obviously not the same as last year,” said Linda Davis, marketing director for Copper Basin Construction in Coeur d’Alene. “We ...
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