US Bancorp

Hawaiian Telcom Files Chapter 11

Hawaiian Telcom Communications Inc., Hawaii's largest phone company, filed for bankruptcy protection Monday as out-of-court restructuring efforts proved unfruitful. The utility, which provides more than 500,000 phone lines and...

S&Ls' Not-So-Wonderful Life (Investor's Business Daily)

Think of good-hearted savings banker Jimmy Stewart in the holiday classic "It's a Wonderful Life." Unlike regional and national commercial banks, local companies usually own and manage S&Ls. At the end of the third quarter, the...

'Mona Lisa' isn't coming - maybe she doesn't like lutefisk

Re: Dog choosing, lutefisk eating and wondering what comes next -- all part of the holiday season. Have a happy one. First, a look at what is on the 2009 calendar. ''Mona Lisa'' won't make the trip, but save Oct. 18, because a...

Dubai Loses It's Allure As More Bankers Pack Their Bags

Not long ago Dubai was one of the few places on the planet where investment banks were gearing up. Not anymore. Morgan Stanley has become the latest investment bank to wield the job axe in Dubai, as the property sector...

PFF Bancorp Inc.'s stock hits lowest mark ever, 1 cent

Via Acquire Media NewsEdge) Nov. 30--PFF Bancorp Inc.'s stock reached its lowest price ever this week -- 1 cent per share. Only time will tell what happens to the former parent company of PFF Bank & Trust that sits on Milliken...

PFF's downfall closes chapter in Inland Empire history

Via Acquire Media NewsEdge) Nov. 30--The demise of PFF Bank and Trust isn't just the end of a bank. The Office of Thrift Supervision, a federal bank regulator, seized the assets of PFF Bank and Trust and turned them over to the...

Buffett's banking bets right on the money

Bloomberg News Billionaire Warren Buffett's decision to increase his stake in financial companies, including Wells Fargo & Co. and U.S. Bancorp, and avoid subprime lenders is paying off for Berkshire Hathaway Inc. Berkshire's...

What Obama Needs to Know About Tim Geithner, the AIG Fiasco and Citigroup (at Seeking Alpha)

by: Christopher Whalen November 26, 2008 | about stocks: Christopher Whalen About this author: On Friday, the FDIC closed and facilitated the sale of two CA savings banks, Downey Savings and Loan, the bank unit of Downey...

Downey Financial files for Chapter 7 bankruptcy

NEW YORK (Reuters) - Downey Financial Corp , a large provider of mortgages that proved risky, on Tuesday filed for bankruptcy protection, four days after federal regulators seized its banking operations.

FACTBOX: Where has the U.S. bailout money gone?

The U.S. Treasury Department said on Tuesday it had completed another round of bank capital injections under its $700 billion financial bailout program. The Treasury has now completed the following injections of capital under...

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