All Entries Tagged With: "Banks"
From Deputy US Treasury to Wachovia Corp bank
US Treasury Department Under Secretary Robert Steel has been named as the new chief executive for Wachovia Corp Bank, this follows the news that the commercial banking giant decided to part company with their previous CEO after the bank reported huge losses related to mortgages.
JPMorgan examines strategies and practices of investors
JPMorgan Asset Management has been studying a survey, which examined the investment strategies and practices of some of the nation’s largest institutional investors in the U.S. and they are now sharing their results.
JPMorgan have found that there is no pullback in their
Bradford & Bingley (B&B) shares continue to fall
We reported yesterday that Bradford & Bingley (B&B) shares were down 14% to 43p, well the troubled bank face fresh problems on Tuesday as their losses have accelerated.
As at 8:38 a.m, the stock in B&B has fallen 26% to a new low of 32.5 pence, this is far below its planned rights issue price of [...]
Mortgage lender Bradford & Bingley fears of profit warning
Mortgage lender Bradford & Bingley have been talking of fears of profit warning, they will be updating the city later this week on their current trading, one issue that they will talk about is their prospectus for a £400m fundraising.
Prison sentence for two men involved in mortgage fraud
Two men involved in a mortgage scam have been given a prison sentence of 70 months and five years supervised released. The two men are only just a small part of a much larger scam, in all the operation which saw other men steal up to $2.3 million from local