Debt Consolidation Help - Euro banks spread gloom as profits, forecasts fall
Euro banks spread gloom as profits, forecasts fall
PARIS (Reuters) - A raft of European bank results did little to lift gloom around the sector on Wednesday, with a recurring trend of falling profits and rising bad debts stemming from the global financial crisis.
Source: www.washingtonpost.com
CapitalSource Moves To Change Its Status
When CapitalSource of Chevy Chase acquired the assets of a troubled California community bank in July, the deal provided the commercial lender with a well of deposits in a harsh credit environment.
Source: www.washingtonpost.com
GMAC has $2.52 billion loss; ResCap unit may fail
NEW YORK (Reuters) - Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by slumps in the housing and auto markets, and said its Residential Capital LLC mortgage unit may fail.
Source: www.washingtonpost.com
Montgomery Finance Chief Riding Out Market’s Storms
Montgomery County plans to go to Wall Street today to sell about $65 million in short-term commercial paper as part of a routine effort to borrow money for capital projects, and Jennifer Barrett is optimistic that investors will actually want to buy.
Source: www.washingtonpost.com
Euro banks spread gloom as profits, forecasts fall
PARIS (Reuters) - A raft of European bank results did little to lift gloom around the sector on Wednesday, with a recurring trend of falling profits and rising bad debts stemming from the global financial crisis.
Source: www.washingtonpost.com
CapitalSource Moves To Change Its Status
When CapitalSource of Chevy Chase acquired the assets of a troubled California community bank in July, the deal provided the commercial lender with a well of deposits in a harsh credit environment.
Source: www.washingtonpost.com
GMAC has $2.52 billion loss; ResCap unit may fail
NEW YORK (Reuters) - Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by slumps in the housing and auto markets, and said its Residential Capital LLC mortgage unit may fail.
Source: www.washingtonpost.com
Montgomery Finance Chief Riding Out Market’s Storms
Montgomery County plans to go to Wall Street today to sell about $65 million in short-term commercial paper as part of a routine effort to borrow money for capital projects, and Jennifer Barrett is optimistic that investors will actually want to buy.
Source: www.washingtonpost.com
