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Feeling the pressure from a national economic downturn, Spartanburg-based First National Bank of the South announced Friday it plans to cut 19 jobs. About 12 full-time employees and one temporary worker from across the bank's operations will lose ...

Spartanburg-based bank will cut 19 jobs - Spartanburg Herald-Journal

Abu Dhabi Commercial Bank has reported that its mortgage volumes have halved while mortgage applications are down from 35-45 to 15 per month. The bank has also increased its mortgage rates from 7.5% to 9.5% and dropped its loan-to-value (LTV) ratio ...

Credit squeeze grips Dubai real estate - AME Info

MINNEAPOLIS - (Business Wire) U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal ...

U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust Through ... - Earthtimes

Federal regulators seized Downey Savings & Loan and PFF Bank & Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. Government officials said the ...

Downey Savings, PFF Bank seized by federal regulators - Los Angeles Times

San Francisco, CA, November 22, 2008 --( PR.com )-- KeepandShare.com ( http://www.keepandshare.com ) today announced its free online banking information center. Available immediately, KeepandShare's new online banking information center combines ...

Consumers in Crisis: Free Online Banking Information Center - PR.com

FARGO, N.D. Officials say the economy of the Red River Valley is holding up well, despite problems in the national economy. Gate City Bank President Steve Swiontek said the Fargo-based bank has seen record numbers of mortgage loans and auto lending ...

Leaders say Red River Valley economy resilient - Dickinson Press & Advertiser

Nov. 22 (Bloomberg) -- Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression. U.S. Bancorp ...

Downey Seized, Sold to U.S. Bancorp as Mortgage Fallout Spreads - Bloomberg

Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport Beach, and ...

Regulators shut Downey S&L, PFF Bank & Trust in Calif.; 22 banks have ... - Grand Forks Herald

Freddie Mac and JPMorgan Chase & Co. are in a dispute over bad mortgages sold by Washington Mutual that may strip JPMorgan of millions of dollars in fees. JPMorgan, which took over WaMu's assets after the Seattle-based thrift collapsed, told Freddie ...

Freddie, JPMorgan tangle over bad WaMu loans - Seattle Times

www.usbank.com - U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit ...

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