International Business News - USB 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 Shares of nearly all regional banks fell in late morning trading Tuesday amid continued concern in the credit markets and as banking bellwether Bank of America Corp. reported a further rise in charge-offs during the third quarter. http://www.ibtimes.com/articles/20081007/sector-snap-regional-banks.htm Tue, 07 Oct 2008 11:43:42 EDT Shares in regional banks rose sharply Friday after Congress approved a plan that would see the federal government buy up bad debt from the troubled lenders. http://www.ibtimes.com/articles/20081003/regional-banks-surge-after-bailout-vote.htm Fri, 03 Oct 2008 13:46:41 EDT Deutsche Bank analyst Mike Mayo said the $700 billion financial rescue package currently before Congress would help reduce systemic risk and aid capital markets, but still not resolve all problems facing the credit markets. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-analyst-says-bailout-no-panacea.htm Fri, 03 Oct 2008 08:58:40 EDT Visa Inc. said Thursday it's developing mobile payment software for the new wireless phone powered by Google Inc.'s Android system. San Francisco-based Visa said Android users will be able to receive near real-time alerts about purchases via their mobile devices. Users also will be able to use location-based mapping technology to find ATM machines and nearby stores where they can redeem special Visa offers. http://www.ibtimes.com/articles/20080925/visa-develops-payment-software-for-google-phone.htm Thu, 25 Sep 2008 14:46:23 EDT The new leaders of mortgage finance companies Fannie Mae and Freddie Mac are scheduled to make their initial appearance on Capitol Hill to detail management plans for the companies now under government control. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-mortgage-giants.htm Thu, 25 Sep 2008 06:18:08 EDT Mortgage finance company Freddie Mac says its new chief executive is earning a base salary of $900,000 a year, a 25 percent pay cut from his predecessor who also received sizable bonuses and stock options. http://www.ibtimes.com/articles/20080923/new-freddie-mac-ceo-to-be-paid-900-000-salary.htm Tue, 23 Sep 2008 17:28:46 EDT Among the stock activity stories for Monday, Sept. 22, from AP Financial News: NEW YORK (AP)--Shares of Ariad Pharmaceuticals Inc. fell Tuesday after the company said it received an unfavorable ruling in a patent dispute against Amgen Inc. http://www.ibtimes.com/articles/20080922/movers-roundup-ariad-pharmaceuticals-us-bancorp.htm Mon, 22 Sep 2008 18:29:40 EDT Shares of U.S. Bancorp dove Monday as investors questioned the effectiveness of the government's bailout plan, and an analyst downgraded the shares to "Sell." http://www.ibtimes.com/articles/20080922/us-bancorp-falls-on-government-plan-downgrade.htm Mon, 22 Sep 2008 14:32:49 EDT Shares of most regional banks plunged in early trading Monday, as Wall Street questioned whether the government's plan to buy $700 billion in banks' bad mortgage debt will be a panacea to the industry's problems. http://www.ibtimes.com/articles/20080922/sector-snap-regional-bank-shares-plummet.htm Mon, 22 Sep 2008 11:09:08 EDT Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. http://www.ibtimes.com/articles/20080920/4-fannie-execs-depart-organization-restructured.htm Sat, 20 Sep 2008 06:03:12 EDT Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. http://www.ibtimes.com/articles/20080919/4-fannie-execs-depart-restructures-organization.htm Fri, 19 Sep 2008 21:46:29 EDT Shares of regional banks mostly rose Tuesday after the Federal Reserve kept its key interest rate unchanged at 2 percent. The Fed last lowered the federal funds rate in April by one quarter of a percentage point. http://www.ibtimes.com/articles/20080916/regional-banks-mostly-rise-on-fed-rate-decision.htm Tue, 16 Sep 2008 14:47:03 EDT Shares of some regional banks traded moderately higher Tuesday after most of the sector was blasted Monday as part of the meltdown on Wall Street. Many regional banks have only limited exposure to the subprime securities that have brought storied names in the financial industry to their knees. That has left them somewhat insulated from investor ire as the troubles shake out. http://www.ibtimes.com/articles/20080916/regional-bank-shares-mixed-in-early-trading.htm Tue, 16 Sep 2008 10:50:42 EDT Regional banks pared early stock losses and traded down less sharply than the broader market Monday as investors scrambled to assess individual banks' exposure to risky mortgage loans that triggered a major crisis on Wall Street. http://www.ibtimes.com/articles/20080915/regional-banks-pare-early-losses.htm Mon, 15 Sep 2008 10:14:48 EDT Four Democratic senators urged the mortgage companies Fannie Mae and Freddie Mac on Thursday to temporarily freeze foreclosures on loans they hold. The troubled companies, seized by the government Sunday, should help struggling borrowers swap their mortgages for more affordable loans and stay in their homes, the lawmakers wrote the new chief executives and federal regulator now running Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080911/democrats-call-for-foreclosure-freeze.htm Thu, 11 Sep 2008 17:39:31 EDT The two men tapped to lead Fannie Mae and Freddie Mac through a period of unprecedented difficulty bring a wealth of experience and reputations of integrity--and they'll need both, financial experts said. http://www.ibtimes.com/articles/20080908/new-mortgage-giant-ceos-face-tough-challenges.htm Mon, 08 Sep 2008 17:59:24 EDT Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis. http://www.ibtimes.com/data/articleimgs/125840-home-foreclosures.jpg http://www.ibtimes.com/articles/20080908/us-government-takes-over-mortgage-giants.htm http://www.ibtimes.com/articles/20080908/us-government-takes-over-mortgage-giants.htm Mon, 08 Sep 2008 12:35:14 EDT The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. http://www.ibtimes.com/data/articleimgs/125506-home-foreclosures.jpg http://www.ibtimes.com/articles/20080907/candidates-weigh-in-on-stabilizing-fannie-freddie.htm http://www.ibtimes.com/articles/20080907/candidates-weigh-in-on-stabilizing-fannie-freddie.htm Sun, 07 Sep 2008 21:51:58 EDT Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward another record year of profits. http://www.ibtimes.com/articles/20080829/defining-banking-stocks-_-the-good-and-the-bad.htm Fri, 29 Aug 2008 18:41:58 EDT Shares of regional banks were mixed Friday after the Commerce Department reported that personal incomes in July dropped by the largest amount in nearly three years. http://www.ibtimes.com/articles/20080829/sector-wrap-regional-bank-stocks-mixed.htm Fri, 29 Aug 2008 16:29:17 EDT