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Member 4383
IndyMac seized as financial troubles spread (Reuters)
13-07-2008 09h20Reuters - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.
Paulson cool to shield Fannie/Freddie investors: report (Reuters)
13-07-2008 06h15Reuters - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.
Airbus upbeat about new orders at Farnborough (Reuters)
12-07-2008 22h29Reuters - Aircraft maker Airbus expects to announce new orders at the Farnborough air show next week, its Director-General Fabrice Bregier said in an interview published on Saturday.
Bombardier poised to launch new plane (Reuters)
13-07-2008 07h23Reuters - Canada's Bombardier (BBDb.TO) looked set on Saturday to announce the long-awaited launch of its CSeries airliner in a bid to end a transatlantic duopoly held by Boeing and Europe's Airbus .
Lehman shares plunge amid market distress (Reuters)
12-07-2008 12h09Reuters - Shares of Lehman Brothers plunged to nine-year lows and stock in other Wall Street firms declined as new signs of distress in financial markets spooked investors.
Economy - Friday (Investor's Business Daily)
12-07-2008 08h04Investor's Business Daily - Nearly 70% of Americans, or every 2 in 3, who applied for a home mortgage found the process more difficult than before the U.S. housing crisis began, as lenders have made it tougher to get credit amid falling home prices, according to a survey by Deloitte. The survey said 65% seeking home equity lines of credit reported greater difficulty, as did 62% looking for personal loans.
Economy - Friday (Investor's Business Daily)
12-07-2008 08h04Investor's Business Daily - Nearly 70% of Americans, or every 2 in 3, who applied for a home mortgage found the process more difficult than before the U.S. housing crisis began, as lenders have made it tougher to get credit amid falling home prices, according to a survey by Deloitte. The survey said 65% seeking home equity lines of credit reported greater difficulty, as did 62% looking for personal loans.
Citi sells German retail banking for $7.7 billion (AP)
12-07-2008 07h07AP - Citigroup will sell its German retail banking operation to France's Credit Mutuel for $7.7 billion in cash.
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