News

Could Your Bank Be Closed By The Feds? (C)(IMB)(BAC)(NCC)

The most important financial lifeline for most small businesses and consumers is their bank. More often than not these banks are regional or local. They are easier to approach and tend to give better service than large money center banks like Citigroup (C) which have thousands of branches...

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Markets tread near dangerous territory

The tired Wall Street cliché “sell in May and go away” is looking pretty smart right now. The U.S. stock market has run into a renewed wave of selling that is threatening to send major indexes through lows set in March that many had thought would turn out to be the bottom for 2008...

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More bank failures may be on the way, FDIC warns

The agency’s list of ‘problem’ banks grows to its highest level in five years. By Jim Puzzanghera and E. Scott Reckard, Los Angeles Times Staff Writers August 27, 2008...

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Wall Street sinks on concerns about Lehman Bros

NEW YORK — The optimism about the financial sector that followed the government’s weekend rescue of Fannie Mae and Freddie Mac lasted all of one day. The stock market collapsed anew Tuesday as deepening troubles at another major financial institution — investment bank Lehman ...

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Shares in Lehman Brothers plunged 44.95 percent

Shares in Lehman Brothers plunged 44.95 percent, leading the markets in retreat on Tuesday, as efforts by the beleaguered investment bank to raise fresh capital appeared to falter, raising questions about the firm’s ability to survive...

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Wall Street Scrambles as Banks Teeter

In a bid to prevent a collapse of Lehman from setting off a chain reaction of financial ruin on Wall Street, the Federal Reserve announced late Sunday night that it was easing the terms of its emergency lending to securities firms...

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