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Mortgage rates drop to record low

Associated Press
Mar 25, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housi...
What are toxic assets?

By Marcy Gordon Associated Press
Mar 23, 2009 11:00 pm - WASHINGTON - A fresh effort to end the paralysis in lending was launched Monday by the Obama administration, which will join with investors to buy up around $500 billion...
Discover falls after profit decline, dividend cut

Bloomberg News
Mar 19, 2009 11:00 pm - Discover Financial Services, the Riverwoods-based credit-card company, fell in New York trading after posting a profit decline and saying it would cut the dividend to 2 ...
AIG unit sues Countrywide over loan losses

Associated Press
Mar 19, 2009 11:00 pm - LOS ANGELES -- A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court T...
Bankers see bright spots in struggling economy

Associated Press
Mar 19, 2009 11:00 pm - OMAHA, Neb. -- Although economic conditions remain weak, rural bankers in 11 Midwest and Plains states say there are some bright spots. The bankers who responded to the ...
With key rate near zero, Fed scopes out options

Associated Press
Mar 17, 2009 11:00 pm - WASHINGTON -- With a key interest rate already near zero, Federal Reserve policymakers are weighing what other tools they can use to jolt the country out of recession. F...
Will the stock market rally stick, or vanish?

Associated Press
Mar 14, 2009 11:00 pm - NEW YORK -- Investors have seen this before. Since the bear market began in late 2007, the Dow Jones industrial average has fallen into a pattern of huge declines, big g...
World Bank president says 2009 shaping up to be 'very dangerous'

Bloomberg News
Mar 12, 2009 11:00 pm - LONDON -- World Bank President Robert Zoellick, a Naperville native, said 2009 "is shaping up to be a very dangerous year" with the global economy facing its first reces...
CEO: Citi operating at profit through February

Associated Press
Mar 09, 2009 11:00 pm - NEW YORK -- Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the embattled bank's chief executive sent ...
JPMorgan, Bank of America, Wells Fargo may have ratings cut

Bloomberg News
Mar 04, 2009 10:00 pm - JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp., the three largest U.S. banks by market value, may have credit ratings cut by Moody's Investors Service...

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