All Entries Tagged With: "shares"
IndyMac cutting 3,800 jobs & stopping most mortgage loans
One of the Largest mortgage lenders in the U.S., IndyMac Bancorp Inc are to cut 3,800 jobs as well as stopping most home loans. Currently IndyMac employ 7,200, so they will be losing 53 percent of their workforce.
Bradford & Bingley's (B&B) 14 percent stock plunge: now 43p
Bradford & Bingley’s (B&B) finished last week 50p down to finish on just 48p, now they have taken a 14 percent plunge to an all-time low of 43p today, this is 12p below the bank’s rights issue price, it is thought that the decision to walk away from its £400 million rescue deal was to [...]
Thornburg Mortgage reports $3.31 billion first-quarter loss
Thornburg Mortgage Inc who specialise in jumbo home loans, has reported a $3.31 billion first-quarter loss, which is why they almost went bankrupt in March. The mortgage company has also reported that it has a net loss before preferred stock dividends totalled