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Last updated: 07:49:08 Thursday Jul 17, 2008


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  • FDIC chair: deposits in nation's banks are safe
    WASHINGTON - The head of the Federal Deposit Insurance Corporation says the nation's banking system is sound and Americans' deposits in banks are "overwhelmingly" safe.   Activities:2008 IndyMac Collapse   Source:(AP)   2008-07-15

    IndyMac taken over by regulators
    WASHINGTON - Mortgage lender IndyMac Bancorp Inc (NYSE:IMB - News) was taken over by the Federal Deposit Insurance Corp on Friday, the second largest financial institution to close in U.S. history.   Activities:2008 IndyMac Collapse 2007 Global Credit Crunch   2008-07-11

    Fortis shares plummet after massive cash call
    THE HAGUE (AFP) - Fortis shares slumped more than 19 percent Thursday after the Belgian-Dutch bank announced plans to raise eight billion euros (12.5 billion dollars) to help it cope with the global credit crunch.   Nations:Belgium Switzerland   Activities:2007 Global Credit Crunch   Source:(AFP)   2008-06-26

    Unicredit, shifting east, plans 9,000 job cuts in western Europe
    MILAN (AFP) - Unicredit, Italy's biggest bank by capitalisation, said on Thursday it would cut 9,000 jobs in western Europe and invest in central and eastern Europe to boost profits following massive acquisitions.   Nations:Italy Ukraine Bulgaria Romania   Source:(AFP)   2008-06-26

    Customers grow dissatisfied with retail banks
    A rise in fees has led to growing dissatisfaction with retail banks, J.D. Power and Associates said in a study released on Wednesday, adding that banks may be sacrificing long term growth in favor of short-term gains.   Nations:U.S.   2008-05-28

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    [2007 Global Credit Crunch]: House OKs rescue for homeowners, Freddie, Fannie (21:25 7/23)

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