Financials 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 ...

Sallie Says Flowers Won't Renegotiate $25 Bn Buyout

The student lender said it has indications of interest from 10 financial institutions for new secured warehouse funding of over $30 billion. Further, Sallie Mae on Wednesday estimated its fourth-quarter earnings at 52 cents to 57 cents a share ...

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 ...

UPDATE 3-Mortgage insurer PMI looks to raise capital, shrs jump

PMI has seen a fall in the amount of excess capital available to write new mortgage insurance and expects to limit new insurance written to a range of $10 billion to $12 billion in 2009, Chief Executive Steve Smith said in a conference call with ...

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 ...

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