Banks (Industry Group) Information

FACTBOX: Where has the U.S. bailout money gone? | Reuters

Reuters
The figure includes $25 billion to expand the Federal Reserve's Term Asset-Backed Loan Facility, or TALF, to accept so-called legacy assets as collateral. -- The Treasury estimates that it will provide $218 billion in capital to banks under its original Capital Purchase Program, which was initially pegged at $250 billion. In its latest transaction report, covering the period ...

Lehman puts two bank units on market: source

Woodlands issues commercial and real estate loans to major corporations, short-term secured warehouse loans to borrowers and interest rate products, such as swap or derivative contracts. It does not conduct retail deposit operations and has no ...

Ex-Bear Stearns banker pleads guilty in fraud case

CHICAGO (Reuters) - A former municipal banker at Bear, Stearns & Co, pleaded guilty on Wednesday to fraud involving hospital financing that is part of a wide-ranging probe of government corruption in Illinois. P. Nicholas Hurtgen, who had been set to ...

Australia's Commonwealth Bank cuts mortgage rates

SYDNEY, April 7 (Reuters) - Commonwealth Bank of Australia ( CBA.AX ) will cut its variable home loan rate by 0.1 percent following the Reserve Bank of Australia's cut to the official cash rate, CBA said on Tuesday. "The cost of wholesale funding ...

Russia corps repaid, restructured $174 bln -Putin

It used state bank VEB to refinance foreign debt secured by Russian assets, he said. "We ensured that assets of strategic companies were re-pledged as collateral with Russian banks instead of foreign ones," Putin said, adding that if Russian owners ...

US home loan rates slide to record low-Freddie Mac

NEW YORK, April 2 (Reuters) - U.S. mortgage rates slid to a new record low during the past week, Freddie Mac said, as concerted government steps to reduce borrowing costs take hold. The average 30-year home loan rate fell 0.07 percentage point in the ...

ANALYSIS-Pockets of strength push US housing market rebound

NEW YORK (Reuters) - The tide is turning in some parts of the long suffering U.S. housing market, with several regions, such as hard hit California, showing signs of life. Subprime lending to less creditworthy borrowers was widespread in California ...

Fed officials vow to use all tools to help economy

CHARLOTTE, North Carolina (Reuters) - Top Federal Reserve officials pledged on Friday to use all the tools at their disposal ... The Fed has cut interest rates to near zero and pumped hundreds of billions of dollars into stressed credit markets to try ...

U.S. property bust threatens condo "death spiral"

Dozens and perhaps hundreds of condo buildings have budget shortfalls as thousands of owners, under water on their mortgages or in foreclosure, stop paying monthly fees. "I call it a death spiral," Miami Beach city commissioner Jerry Libbin said. "It ...

TOPWRAP 2-Eyes on ECB, G20 for response to crisis

In Britain, where the property market is key to consumer confidence, data from home loan company Nationwide showed house prices rose in March for the first time since October 2007, although the lender cautioned about jumping to conclusions about a ...

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