| Personal Finance Headlines |
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| Wells Fargo results ease fears, shares surge
(Reuters)
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| Reuters - Wells Fargo & Co , the
fifth-largest U.S. bank, reported surprisingly strong quarterly
results and raised its dividend, easing investor fears about
mortgage losses and causing its shares to soar on Wednesday. -- read full article |
| Wed, 16 Jul 2008 16:35:19 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie shares jump; financial stocks rally
(Reuters)
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| Reuters - NEW YORK (Reuters) -Investors bought back into shares of
mortgage finance companies Fannie Mae and Freddie Mac
on Wednesday, after reassuring results from big
mortgage lender Wells Fargo helped ease concerns about
the impact of the credit crisis on the U.S. economy.
-- read full article |
| Wed, 16 Jul 2008 16:50:13 GMT - Yahoo! News: Personal Finance News |
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| Democrats, Paulson fight to keep housing bill alive
(Reuters)
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| Reuters - Congressional Democrats and the Bush
administration were scrambling on Wednesday to shore up support
for a major housing market rescue bill as Republican backing
for it faltered on doubts about adding on a plan to bolster
Fannie Mae and Freddie Mac. -- read full article |
| Wed, 16 Jul 2008 18:29:56 GMT - Yahoo! News: Personal Finance News |
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| FBI looking into IndyMac Bancorp.
(AP)
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| AP - The Associated Press has learned that now-defunct IndyMac Bancorp Inc. is under investigation for possible fraud in connection with home loans made to risky borrowers. -- read full article |
| Wed, 16 Jul 2008 18:52:42 GMT - Yahoo! News: Personal Finance News |
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| Congress dissects Treasury's GSE plan, no vote set
(Reuters)
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| Reuters - Congressional leaders on Tuesday
agreed swift action is needed to bolster housing finance giants
Fannie Mae and Freddie Mac, but they raised basic questions
about the Treasury Department's plan, leaving the timing of
final action in doubt. -- read full article |
| Tue, 15 Jul 2008 21:49:03 GMT - Yahoo! News: Personal Finance News |
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| Asia, Europe stocks drop on credit woes
(AP)
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| AP - Asian and European stock markets fell sharply Tuesday as investor confidence in the U.S. financial system eroded further despite a government-backed plan to help beleaguered mortgage financiers Fannie Mae and Freddie Mac.
-- read full article |
| Tue, 15 Jul 2008 11:54:51 GMT - Yahoo! News: Personal Finance News |
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