| Personal Finance Headlines |
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| Wachovia bank in talks to be bought: sources
(Reuters)
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| Reuters - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage assets. -- read full article |
| Mon, 29 Sep 2008 11:25:42 GMT - Yahoo! News: Personal Finance News |
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| UK government nationalizes Bradford & Bingley
(AP)
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| AP - The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis spread across Europe. -- read full article |
| Mon, 29 Sep 2008 12:02:37 GMT - Yahoo! News: Personal Finance News |
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| Stocks sink as House rejects bailout bill
(Reuters)
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| Reuters - Stocks plunged on Monday as the U.S. House of Representatives rejected a $700 billion financial sector bailout plan, renewing fear about frozen world credit markets and the global economy's health.
-- read full article |
| Mon, 29 Sep 2008 18:35:47 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie get federal grand jury subpoenas
(Reuters)
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| Reuters - Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigation into their accounting.
-- read full article |
| Mon, 29 Sep 2008 15:40:42 GMT - Yahoo! News: Personal Finance News |
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| Santander said to take Bradford & Bingley deposits
(AP)
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| AP - The troubled British mortgage lender Bradford & Bingley will be nationalized and sold off in parts, with Spanish banking giant Santander SA taking over its retail deposits and branch network, British media reported Monday. -- read full article |
| Mon, 29 Sep 2008 00:30:55 GMT - Yahoo! News: Personal Finance News |
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