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...
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...
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...
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...
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...
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...
The government's commitments to contain the financial crisis now approach $7 trillion. The new plans are the latest in a long list of government moves: _March 11: The Federal Reserve announces a rescue package to provide up to...
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.
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...