19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
1 of 1 
| WB | 4.13 |  0.03 |
| WM | 0.16 |  0 |
| C | 3.77 |  -0.94 |
| JPM | 22.72 | -0.66 |
| WFC | 21.76 | -0.77 |
| BAC | 11.47 | 0.22 |
| NCC | 1.6 | 0.01 |
| STI | 22.45 | -2.16 |
| RF | 7.95 | 0.29 |
| KEY | 6.27 | -0.64 |
| FITB | 7.49 | -0.22 |
WaMu's loan loss reserves increased by $3.74 billion to $8.46 billion. The company set aside a total of $5.9 billion during the quarter to cover bad loans, compared with $372 million in the same quarter of last year.
Total net charge offs rose to $2.17 billion, while nonperforming assets grew to 3.62 percent of total assets as of June 30, from 2.87 percent at the end of the first quarter.
Regional bank KeyCorp posted a second-quarter loss of $1.13 billion as it set-asides to cover bad loans swelled. Atlanta-based SunTrust Banks Inc. also posted worse results in the second quarter than the year-ago period as it ramped up loan-loss provisions.
Profit at Regions Financial Corp. fell 55 percent. The Birmingham, Ala.-based bank set aside $309 million for loan losses, compared with $60 million during the year-ago period.
Citigroup Inc. shares tumbled below $5 a share Thursday to their lowest level in...
As more Americans rely on charity amid worsening economic gloom, operators of fo...
Betty James, who co-founded the company that made the Slinky and beat the odds as a single mother in the late 1950s to become a successful execut...
Split Big Profits! You Find it & We Fund it! Co-Own Or Cash Out! Get Free Info Kit Now!
Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish
Get your next web design project done with our los angeles web design team - Best web design with great price.
Partners   
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
