Mortgage and Financial News From 2008-4-18 Page 4
Previous Day: 2008-04-17
Return to the mortgage news archive home.
-
RBS Considers Share Sale to Lift Capital, Person Says (Update3) (Bloomberg.com)
April 18 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.'s second-biggest lender, is considering a share sale to shore up capital depleted by credit-related writedowns and its part in the acquisition of ABN Amro Holding NV last year, according to a person with knowledge of the plan.
2008-04-18 05:58:31 -
BusinessWeek's April 28, 2008 Issue: The Most Innovative Companies (PR Newswire via Yahoo! Finance)
THIS WEEK:
2008-04-18 06:00:00 -
Citigroup posts $5.1 bln loss, hit by subprime crisis (TurkishPress.com)
US banking giant Citigroup reported Friday a first-quarter net loss of 5.1 billion dollars, hurt by at least 12 billion dollars in write-downs amid soured subprime investments and rising credit costs.
2008-04-18 06:12:49 -
Citigroup Records a Loss and Plans 9,000 Layoffs (New York Times)
The bank?s first-quarter results reflected more than $16.9 billion in write-offs and additional loan loss reserves.
2008-04-18 06:15:25 -
Gold Dumps 3.4% as Dollar Rallies, Commodities Slip & Banking Stocks Rise on Tide of Bad News (GoldSeek.com)
Free source for precious metals information and financial truth. Offering a range of information such as latest news from around the world, commentary, market updates, stock reports, coin information, quotes, forums plus much more!
2008-04-18 06:20:44 -
Citigroup Reports Loss on Writedowns, Credit Costs (Update2) (Bloomberg.com)
April 18 (Bloomberg) -- Citigroup Inc. posted a $5.11 billion loss, less than analysts' most pessimistic estimates, sending shares of the biggest U.S. bank by assets up as much as 8 percent in early New York trading. The company said it plans to cut 9,000 more jobs.
2008-04-18 06:33:22 -
Citigroup records a loss and plans 9,000 layoffs (International Herald Tribune)
Wall Street analysts had been expecting Vikram Pandit to swallow big losses so he could get off to a fresh start.
2008-04-18 06:41:12 -
South Florida banks' problem loans rise (Miami Herald)
South Florida-based banks are showing signs of economic stress, with the number of problem loans on their books climbing dramatically from December 2006 to December 2007, a new report shows.
2008-04-18 06:45:50 -
Philly Fed's Plosser says Fed cannot solve all market problems (Sharewatch)
WASHINGTON (Thomson Financial) - Philadelphia Federal Reserve Bank President Charles Plosser on Friday warned that monetary policy should not be seen as something that can solve all the problems the market now faces, and said markets eventually will have to sort out the bulk of the problems created by the mortgage and credit crunch.
2008-04-18 06:50:01