International Business News - CSE http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Financial services firm Fremont General Corp. said Wednesday that Chief Executive Stephen H. Gordon and President David S. DePillo have resigned. Gordon and DePillo plan to pursue other opportunities in the financial services industry, but will remain with the company as non-executive chairman and vice chairman of the board through a transition period, Fremont said. http://www.ibtimes.com/articles/20080903/fremont-generals-top-2-executives-resign.htm Wed, 03 Sep 2008 10:16:41 EDT CapitalSource Inc., the financial services firm that just bought Fremont General Corp.'s 22 bank branches in California, reported a 29 percent profit decline Tuesday as its commercial loan portfolio shrunk. http://www.ibtimes.com/articles/20080805/capitalsource-2q-profit-falls-29-percent.htm Tue, 05 Aug 2008 11:57:11 EDT Financial services firm CapitalSource Inc. said Friday it completed the acquisition of Fremont General Corp.'s retail banking operations and has opened CapitalSource Bank. http://www.ibtimes.com/articles/20080725/capitalsource-completes-deal-for-fremont-banks.htm Fri, 25 Jul 2008 13:24:33 EDT CapitalSource Inc., a commercial lender, said Monday night it priced an offering of 30 million shares of common stock at $11 per share. The stock will be offered at a discount of about 2 percent to Monday's closing price of $11.19. http://www.ibtimes.com/articles/20080624/capitalsource-prices-offer-of-30-million-shares.htm Tue, 24 Jun 2008 07:56:21 EDT Financial services firm Fremont General Corp. said Wednesday night it filed for bankruptcy protection as part of its plan to sell its retail banking assets to CapitalSource Inc. http://www.ibtimes.com/articles/20080619/fremont-general-files-for-bankruptcy-protection.htm Thu, 19 Jun 2008 08:10:28 EDT CapitalSource Inc., which provides financing to small and medium-sized businesses, said Thursday it will sell about 30 million shares in a public offering. http://www.ibtimes.com/articles/20080619/capitalsource-plans-30-million-share-offering.htm Thu, 19 Jun 2008 07:40:56 EDT CapitalSource Inc. said it received California regulatory approval to establish a bank in that state, moving it a step closer to closing its purchase of Fremont General's retail banking operations. http://www.ibtimes.com/articles/20080613/capitalsource-gets-california-approval-for-fremont-deal.htm Fri, 13 Jun 2008 13:14:43 EDT Fremont General Corp. got approval from a major creditor to stop making payments on $166.5 million of its debt while Fremont completes the sale of loan assets, the financial services company said Monday. http://www.ibtimes.com/articles/20080602/fremont-gets-forbearance-deal-from-major-creditor.htm Mon, 02 Jun 2008 12:12:44 EDT Commercial lender CapitalSource Inc. said Monday it has renewed two secured credit facilities totaling $1.38 billion. Both credit lines, which are managed by Citi, will mature on March 31, 2009, subject to an additional one-year amortization period. http://www.ibtimes.com/articles/20080512/capitalsource-renews-2-credit-facilities.htm Mon, 12 May 2008 11:56:50 EDT Shares of CapitalSource Inc. fell Tuesday, after a handful of analysts said the company still faces a number of challenges despite an increase in funding from a recent acquisition. Shares fell 47 ce... http://www.ibtimes.com/articles/20080415/capitalsource-shares-dip-as-analysts-see-rising-credit-costs.htm Tue, 15 Apr 2008 13:07:29 EDT Stocks that are moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Circuit City Stores Inc., up $1.11 at $5.01 Movie rental chain Blockbust... http://www.ibtimes.com/articles/20080414/circuit-city-wachovia-big-market-movers.htm Mon, 14 Apr 2008 12:49:45 EDT Among the stock activity stories for Monday, March 24, from AP Financial News: NEW YORK (AP) _ Shares in CapitalSource Inc. leaped Monday after the lender said it killed its deal to buy TierOne Corp., a bank struggling with bad credit. http://www.ibtimes.com/articles/20080324/movers-roundup-capitalsource-gen-probe.htm Mon, 24 Mar 2008 14:27:05 EDT TierOne Bank's owners backed out of a plan to sell the bank to commercial lender CapitalSource because of "unprecedented" conditions in the credit market and regulatory delays, bank officials said. http://www.ibtimes.com/articles/20080321/tierone-bank-acquisition-falls-apart.htm Fri, 21 Mar 2008 13:05:04 EDT Commercial lender CapitalSource won't buy TierOne because of ongoing problems in the credit market and regulatory delays. Falling stock prices had diminished the value of the deal from $652 million when it was announced last May to roughly $423 million Thursday, based on stock prices. http://www.ibtimes.com/articles/20080321/deal-to-sell-tierone-bank-falls-apart.htm Fri, 21 Mar 2008 10:17:21 EDT TierOne Corp., the holding company for TierOne Bank, said Thursday its board of directors approved a buyback plan for just under 1.8 million shares, or 10 percent of the company's outstanding stock. http://www.ibtimes.com/articles/20080320/tierone-board-approves-buyback-plan.htm Thu, 20 Mar 2008 17:38:06 EDT TierOne Corp., the holding company for TierOne Bank, said Thursday its board of directors terminated the plan to sell itself to CapitalSource Inc. for $423.4 million. http://www.ibtimes.com/articles/20080320/tierone-kills-deal-with-capitalsource.htm Thu, 20 Mar 2008 17:36:45 EDT Commercial financing firms are likely to face credit risk in 2008 as credit markets and the economy continue to worsen, but those risks are reflected in current valuations, Wachovia Capital Markets LLC analyst Jim Shanahan wrote in a research note Wednesday. http://www.ibtimes.com/articles/20080319/commercial-finance-firms-risk-rises.htm Wed, 19 Mar 2008 14:24:11 EDT Investments backed by commercial real estate loans have avoided the problems socking the home loan market, an industry group said Monday. The Mortgage Bankers Association's 2007 statistics show that investors in commercial real estate loans _ which finance purchases of properties like apartments, office buildings and malls _ have escaped the kind of defaults that have soared among home loans over the past year. The group expressed hope that the statistics should ease worries about the industry, which has seen investment dry up in recent months due to the global credit crunch. http://www.ibtimes.com/articles/20080310/trade-group-says-commercial-loans-safe.htm Mon, 10 Mar 2008 17:50:07 EDT Among the earnings stories for Thursday, Feb. 21, from AP Financial News: MADRID, Spain (AP) _ Endesa SA said Thursday that profits fell 9.9 percent last year compared with 2006, when the Spanish power utility recorded a number of one-time gains. http://www.ibtimes.com/articles/20080221/earnings-roundup-endesa-capital-source.htm Thu, 21 Feb 2008 10:34:36 EST Capital Source Inc., an investment management firm, said Thursday it swung to a loss during the fourth quarter due to increases in derivative losses and loan-loss provisions. http://www.ibtimes.com/articles/20080221/capital-source-swings-to-loss-in-4q.htm Thu, 21 Feb 2008 07:46:44 EST