News Topic - Wholesale
Articles 31 - 40 of most recent articles
Wachovia posts $8.9-billion loss
Fourht-largest U.S. bank cuts jobs and dividend, says it will exit wholesale mortgage business
The Globe and Mail – Jul 22, 2008 11:44 AM [GMT] ¦ comment?
found in Top Stories
Fourht-largest U.S. bank cuts jobs and dividend, says it will exit wholesale mortgage business
The Globe and Mail – Jul 22, 2008 11:44 AM [GMT] ¦ comment?
found in Top Stories
Wachovia slashes dividend, to shut unit after $8.9 bln loss
LONDON (MarketWatch) -- Wachovia said it lost $8.86 billion, or $4.20 a share, in the second quarter, hurt by a $6.1 billion impairment charge on declining market valuations and asset values. It's reducing the quarterly common stock dividend to five cents per share, which will conserve approximately $700 million of capital per quarter, and it is exiting the General Bank wholesale mortgage origination channel. "As we consider the company's position, it is clearly prudent and necessary to further reduce our common dividend," said CEO Robert Steel. On an adjusted basis, it lost $1.27 a share; analysts polled by FactSet Research had expected a loss of 71 cents a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 22, 2008 11:07 AM [GMT] ¦ comment?
found in Business: Markets
LONDON (MarketWatch) -- Wachovia said it lost $8.86 billion, or $4.20 a share, in the second quarter, hurt by a $6.1 billion impairment charge on declining market valuations and asset values. It's reducing the quarterly common stock dividend to five cents per share, which will conserve approximately $700 million of capital per quarter, and it is exiting the General Bank wholesale mortgage origination channel. "As we consider the company's position, it is clearly prudent and necessary to further reduce our common dividend," said CEO Robert Steel. On an adjusted basis, it lost $1.27 a share; analysts polled by FactSet Research had expected a loss of 71 cents a share.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 22, 2008 11:07 AM [GMT] ¦ comment?
found in Business: Markets
Wachovia to exit wholesale mortgage business
Read full story for latest details.
CNNMoney.com – Jul 22, 2008 10:56 AM [GMT] ¦ comment?
found in Business: Companies
Read full story for latest details.
CNNMoney.com – Jul 22, 2008 10:56 AM [GMT] ¦ comment?
found in Business: Companies
Wachovia ends wholesale mortgages
Wachovia, the fourth-largest US bank, says it will stop offering mortgages via brokers from 25 July.
BBC News – Jul 22, 2008 09:10 AM [GMT] ¦ comment?
found in Business
Wachovia, the fourth-largest US bank, says it will stop offering mortgages via brokers from 25 July.
BBC News – Jul 22, 2008 09:10 AM [GMT] ¦ comment?
found in Business
Wachovia Exits Wholesale Mortgage Lending Business
Wachovia Corp., the nation's fourth-largest bank, says it is getting out of the wholesale mortgage lending business.
WXII12.com – Jul 22, 2008 06:58 AM [GMT] ¦ comment?
found in Local: North Carolina: Greensboro
Wachovia Corp., the nation's fourth-largest bank, says it is getting out of the wholesale mortgage lending business.
WXII12.com – Jul 22, 2008 06:58 AM [GMT] ¦ comment?
found in Local: North Carolina: Greensboro
Cooper calls for refunds from co-ops
U.S. Rep. Jim Cooper, D-Nashville, said Monday that electric cooperatives should refund hundreds of dollars on average to individual ratepayers and called on the Tennessee Valley Authority, the wholesale power producer for the valley, to do something about it.
The Tennessean – Jul 22, 2008 06:53 AM [GMT] ¦ comment?
found in Local: Tennessee: Nashville
U.S. Rep. Jim Cooper, D-Nashville, said Monday that electric cooperatives should refund hundreds of dollars on average to individual ratepayers and called on the Tennessee Valley Authority, the wholesale power producer for the valley, to do something about it.
The Tennessean – Jul 22, 2008 06:53 AM [GMT] ¦ comment?
found in Local: Tennessee: Nashville
Wachovia exits wholesale mortgage lending business 7:52 PM
Read full story for latest details.
WCNC.com – Jul 22, 2008 12:40 AM [GMT] ¦ comment?
found in Local: North Carolina: Charlotte
Read full story for latest details.
WCNC.com – Jul 22, 2008 12:40 AM [GMT] ¦ comment?
found in Local: North Carolina: Charlotte
Wachovia mortgage unit halting loans via brokers
Reuters - Wachovia Corp , the fourth-largest U.S. bank, on Monday said its main mortgage unit will stop offering home loans through brokers this week, joining a growing number of lenders to curb wholesale lending.
Yahoo! – Jul 21, 2008 9:15 PM [GMT] ¦ comment?
found in Business
Reuters - Wachovia Corp , the fourth-largest U.S. bank, on Monday said its main mortgage unit will stop offering home loans through brokers this week, joining a growing number of lenders to curb wholesale lending.
Yahoo! – Jul 21, 2008 9:15 PM [GMT] ¦ comment?
found in Business
Bank Back On Hook For Data Theft At BJ's Wholesale
The appeals court reversed a lower court ruling absolving Fifth Third Bancorp from paying damages associated with replacing credit cards.
Information Week – Jul 21, 2008 5:53 PM [GMT] ¦ comment?
found in Technology: Security
The appeals court reversed a lower court ruling absolving Fifth Third Bancorp from paying damages associated with replacing credit cards.
Information Week – Jul 21, 2008 5:53 PM [GMT] ¦ comment?
found in Technology: Security
CBS4 Your Money: Gas Prices Dip At The Pump
It may sound hard to believe but there is finally some good news at the pump. CBS4 Your Money has found that recent drops in wholesale oil prices may finally be making their way down to South Florida.
cbs4.com – Jul 21, 2008 4:35 PM [GMT] ¦ comment?
found in Local: Florida: Miami
It may sound hard to believe but there is finally some good news at the pump. CBS4 Your Money has found that recent drops in wholesale oil prices may finally be making their way down to South Florida.
cbs4.com – Jul 21, 2008 4:35 PM [GMT] ¦ comment?
found in Local: Florida: Miami