Business start-ups scramble for capital - Cincinnati.com
Five years ago, when the economy was expanding at a brisk clip, Debbie and John Dennis walked into one of the region’s largest local banks, signed their names and walked out with $120,000 in working capital for one of their businesses. No down
UPDATE 2-BofA carries loans $44 bln above market value - Reuters
NEW YORK, Feb 27 (Reuters) - Bank of America Corp ( BAC.N ) is carrying loans on its balance sheet marked at more than $44 billion above their fair value, the company said in its annual report filed with U.S. regulators on Friday. The bank said it
Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds - Bloomberg
Feb. 23 (Bloomberg) — Treasury Secretary Timothy Geithner ’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a
Jeffrey Immelt Faces More ‘Hours of Doom’ With GE Dividend Cut - Bloomberg
Feb. 28 (Bloomberg) — The cracks in Jeffrey Immelt’s public optimism came on Feb. 5, when he joked about his “hour of doom” every morning reading newspaper articles on failed banks, job losses and sinking economies. The General Electric Co
GE cuts dividend to 10 cents - Louisville Courier-Journal
WASHINGTON — For the first time since the Great Depression, General Electric Co. is cutting its quarterly dividend, a move that will allow the struggling conglomerate to save $9 billion a year as it braces for a tough 2009. GE, one of the nation’s
GE cuts quarterly dividend to 10 cents a share - Lincoln Daily News
[ February 28, 2009 ] W ASHINGTON (AP) — For the first time since the Great Depression, General Electric Co. is cutting its quarterly dividend, a move that allows the struggling conglomerate to save $9 billion a year as it braces for a tough 2009
Annaly Capital Management Comments on The Impact (and Advisability) of - CNBC
NEW YORK, Feb 23, 2009 (BUSINESS WIRE) — The Homeowner Affordability and Stability Plan (HASP), a cornerstone of President Obama’s “broad, comprehensive strategy to get the economy back on track,” was unveiled on February 18 to much fanfare and
Britain pumps billions into bank to boost home loans - EurActiv.com
LONDON (Reuters) - Britain will inject billions of pounds into state-owned Northern Rock bank to try to unlock lending and help the economy emerge from recession, Chancellor Alistair Darling said on Monday. The plan to get Northern Rock lending again
Business start-ups scramble for capital - Cincinnati.com
Five years ago, when the economy was expanding at a brisk clip, Debbie and John Dennis walked into one of the region’s largest local banks, signed their names and walked out with $120,000 in working capital for one of their businesses. No down
UPDATE 2-BofA carries loans $44 bln above market value - Reuters
NEW YORK, Feb 27 (Reuters) - Bank of America Corp ( BAC.N ) is carrying loans on its balance sheet marked at more than $44 billion above their fair value, the company said in its annual report filed with U.S. regulators on Friday. The bank said it
Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds - Bloomberg
Feb. 23 (Bloomberg) — Treasury Secretary Timothy Geithner ’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a
Jeffrey Immelt Faces More ‘Hours of Doom’ With GE Dividend Cut - Bloomberg
Feb. 28 (Bloomberg) — The cracks in Jeffrey Immelt’s public optimism came on Feb. 5, when he joked about his “hour of doom” every morning reading newspaper articles on failed banks, job losses and sinking economies. The General Electric Co
GE cuts dividend to 10 cents - Louisville Courier-Journal
WASHINGTON — For the first time since the Great Depression, General Electric Co. is cutting its quarterly dividend, a move that will allow the struggling conglomerate to save $9 billion a year as it braces for a tough 2009. GE, one of the nation’s
GE cuts quarterly dividend to 10 cents a share - Lincoln Daily News
[ February 28, 2009 ] W ASHINGTON (AP) — For the first time since the Great Depression, General Electric Co. is cutting its quarterly dividend, a move that allows the struggling conglomerate to save $9 billion a year as it braces for a tough 2009
Annaly Capital Management Comments on The Impact (and Advisability) of - CNBC
NEW YORK, Feb 23, 2009 (BUSINESS WIRE) — The Homeowner Affordability and Stability Plan (HASP), a cornerstone of President Obama’s “broad, comprehensive strategy to get the economy back on track,” was unveiled on February 18 to much fanfare and
Britain pumps billions into bank to boost home loans - EurActiv.com
LONDON (Reuters) - Britain will inject billions of pounds into state-owned Northern Rock bank to try to unlock lending and help the economy emerge from recession, Chancellor Alistair Darling said on Monday. The plan to get Northern Rock lending again
Comment by Frances Beinecke