International Business News - WBS 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 Webster Bank NA, the banking subsidiary of Webster Financial Corp., said Thursday it is suspending home foreclosures for 90 days on all Webster-owned mortgages. http://www.ibtimes.com/articles/20081113/webster-financial-suspends-home-foreclosures.htm Thu, 13 Nov 2008 09:52:04 EST Webster Financial Corp. said Friday it received preliminary approval for $400 million in capital as part of the U.S. Treasury Department's plan to directly invest in banks. http://www.ibtimes.com/articles/20081107/webster-financial-to-receive-400m-from-government.htm Fri, 07 Nov 2008 06:58:46 EST Among the earnings stories for Tuesday, Oct. 21, from AP Financial News: WATERBURY, Conn. (AP)--Webster Financial Corp. on Tuesday posted a third-quarter loss as it saw the number of unpaid loans soar, gave a hefty boost its reserves to cover bad loans and recorded big investment losses. http://www.ibtimes.com/articles/20081021/earnings-roundup-webster-financial-gentex.htm Tue, 21 Oct 2008 14:35:57 EDT Webster Financial Corp. on Tuesday posted a third-quarter loss as it saw the number of unpaid loans soar, gave a hefty boost its reserves to cover bad loans and recorded big investment losses. http://www.ibtimes.com/articles/20081021/webster-posts-3q-loss-as-loans-investments-sour.htm Tue, 21 Oct 2008 10:48:42 EDT Webster Financial Corp. on Tuesday said its board declared a regular quarterly dividend of 30 cents. The parent of Webster Bank said the dividend is payable Nov. 17 to shareholders of record as of Nov. 3. http://www.ibtimes.com/articles/20081021/webster-financial-declares-dividend-of-30-cents.htm Tue, 21 Oct 2008 10:19:07 EDT Webster Financial Corp. said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually move in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081009/webster-bank-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 09:47:24 EDT Webster Financial Corp., which owns bank branches throughout the Northeast, plans to write down $8 million in the third quarter for losses on the value of its remaining preferred shares of mortgage finance giants Fannie Mae and Freddie Mac. http://www.ibtimes.com/articles/20080916/fannie-freddie-shares-cost-webster-financial-8m.htm Tue, 16 Sep 2008 10:01:48 EDT By putting the full weight of its finances behind Fannie Mae and Freddie Mac, the government may have crushed the fortunes of about two dozen small banks. http://www.ibtimes.com/articles/20080909/small-banks-hurt-by-fannie-freddie-may-get-help.htm Tue, 09 Sep 2008 19:15:23 EDT Among the premarket activity stories for Tuesday, Sept. 9, from AP Financial News: SAN FRANCISCO (AP)--Unlike Apple Inc.'s cryptic approach leading up most big product launches, the company's marketing message for an event it's holding Tuesday in San Francisco leaves little to the imagination. http://www.ibtimes.com/articles/20080909/premarket-roundup-apple-airborne-laser.htm Tue, 09 Sep 2008 09:24:35 EDT Shares of Webster Financial Corp. have reached a fair price after a rallying from a multiyear low, a team of analysts said Tuesday, downgrading the regional bank's stock. http://www.ibtimes.com/articles/20080909/ahead-of-the-bell-analysts-downgrade-webster.htm Tue, 09 Sep 2008 07:51:20 EDT Sovereign Bancorp and Cascade Financial are among the banks that could take a hit on the value of preferred stock they hold in Fannie Mae and Freddie Mac after the U.S. government's move to bail out the mortgage giants. http://www.ibtimes.com/articles/20080908/some-banks-to-take-hit-on-gses-preferred-stock.htm Mon, 08 Sep 2008 18:25:19 EDT Among the earnings stories for Friday, July 11, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080711/earnings-roundup-ge-fastenal.htm Fri, 11 Jul 2008 10:41:54 EDT Webster Financial Corp., parent of Webster Bank, expects to set aside $25 million to cover rising loan losses during the second quarter. Webster Financial said late Thursday the larger-than-anticipated reserve covers $11.5 million in net charge-offs. The remaining money will be set aside to cover future losses. http://www.ibtimes.com/articles/20080711/webster-financial-expects-2q-reserve-to-total-25m.htm Fri, 11 Jul 2008 09:27:04 EDT Webster Financial Corp., the holding company for Webster Bank, said Thursday its chairman and chief executive will add the title of president amid a reshuffling of senior leadership. http://www.ibtimes.com/articles/20080626/webster-financial-reshuffles-senior-leadership.htm Thu, 26 Jun 2008 18:15:09 EDT Banks and thrifts may be forced to raise more capital as the ratio of non-performing assets in their portfolios rises, according to Friedman, Billings, Ramsey analyst Paul J. Miller. http://www.ibtimes.com/articles/20080626/fbr-analyst-banks-may-have-to-raise-more-capital.htm Thu, 26 Jun 2008 14:39:23 EDT The Standard & Poor's MidCap 400 index rose in midday trading Thursday as investors digested last week's drop in jobless claims and a better-than-expected slew of May sales reports from the nation's retailers. http://www.ibtimes.com/articles/20080605/s-p-midcap-400-in-focus-pss-wbs.htm Thu, 05 Jun 2008 12:49:19 EDT Shares of Webster Financial Corp. fell sharply Thursday after the regional bank operator said it will sell $225 million worth of convertible preferred stock in an effort to increase its cash base. http://www.ibtimes.com/articles/20080605/webster-to-raise-cash-with-preferred-stock-sale.htm Thu, 05 Jun 2008 10:18:21 EDT Webster Bank on Tuesday lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key interest rate. Waterbury, Conn.-based Webster Bank, a unit of Webster Financial Corp., said its prime rate is now 5.00 percent, down from 5.25 percent. The Fed cut the federal funds rate, which is what banks charge each other for overnight loans, to 2.00 percent from 2.25 percent previously. http://www.ibtimes.com/articles/20080430/webster-bank-cuts-prime-rate-by-quarter-point-to-5-percent.htm Wed, 30 Apr 2008 17:22:26 EDT