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Last updated: 06:47:59 Tuesday Jul 28, 2009


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  • Report: BofA planning to cut 10 pct of branches
    CHARLOTTE, N.C. - Bank of America Corp.'s CEO Ken Lewis said he is planning to shrink the bank's 6,100-branch network by about 10 percent, The Wall Street Journal reported Tuesday.   Nations:U.S.   People:Ken Lewis   Source:(AP)   2009-07-28

    Dodd, Conrad told deals were sweetened
    WASHINGTON - Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.   Nations:U.S.   People:Barbara Boxer Kent Conrad Christopher Dodd Barack Obama   Activities:111th Congress   Source:(AP)   2009-07-27

    Dodd's political stock tumbles in Connecticut
    WASHINGTON - Democrats may want to start thinking about a bailout for Senate Banking Committee Chairman Christopher Dodd, whose political stock has slipped amid the financial meltdown.   Nations:U.S.   People:Timothy Geithner Christopher Dodd Barack Obama   Activities:111th Congress Global Financial Crisis   2009-03-20

    AIG unit sues Countrywide over loan losses
    LOS ANGELES - A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court Thursday, alleging Countrywide misrepresented the health of loans that the company insured, resulting in massive losses.   Nations:U.S.   Activities:2008 AIG Crisis   Source:(AP)   2009-03-20

    How Banks Are Worsening the Foreclosure Crisis
    The bad mortgages that got the current financial crisis started have produced a terrifying wave of home foreclosures. Unless the foreclosure surge eases, even the most extravagant federal stimulus spending won't spur an economic recovery.   Nations:U.S.   People:Richard Shelby Evan Bayh Christopher Dodd Henry Paulson Dick Durbin   Activities:Global Financial Crisis 2008 U.S. Real Estate Crisis   2009-02-14

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