Archive for the 'Personal' Category

National City has $1.76 billion loss (Reuters)

Reuters - National City Corp , a large U.S. Midwest regional bank, on Thursday posted a $1.76 billion loss, hurt by soaring losses on mortgage and real estate construction loans and a write-down for acquisitions.

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admin on July 24th 2008 in Personal

San Diego sues Bank of America to halt foreclosures (Reuters)

San Diego City Attorney Michael Aguirre speaks at a news conference in San Diego in this May 15, 2008 file photograph. (Mike Blake/Files/Reuters)Reuters - San Diego's city attorney said on Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in the city, which he aims to make a "foreclosure sanctuary."


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admin on July 24th 2008 in Personal

Sallie Mae quarterly earnings fall 72 percent (Reuters)

Reuters - Sallie Mae , the largest U.S. student loan company, said on Wednesday second-quarter net income fell 72 percent, hurt by restructuring expenses, but results were better than analysts had expected.

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admin on July 24th 2008 in Personal