Items by By LOUISE STORY
NYT > Business
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Big Banks Facing Inquiry Over Possible Insurance Fraud
Posted: January 11th, 2012, 12:53am EST by By LOUISE STORY
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New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies.
NYT > Home Page
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Big Banks Facing Inquiry Over Possible Insurance Fraud
Posted: January 11th, 2012, 12:53am EST by By LOUISE STORY
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New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies.
NYT > Business
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S.E.C. Investigates S.& P. Over Mortgage Securities
Posted: September 27th, 2011, 1:20am EDT by By LOUISE STORY
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The federal agency is considering whether to recommend civil legal action against the company over its rating of a 2007 mortgage security.
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U.S. Inquiry Is Said to Focus on S.&P. Ratings
Posted: August 18th, 2011, 10:06am EDT by By LOUISE STORY
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The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis.
NYT > Home Page
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U.S. Inquiry Is Said to Focus on S.&P. Ratings
Posted: August 18th, 2011, 10:06am EDT by By LOUISE STORY
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The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis.
NYT > Sports
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No Need for a Mountain
Posted: August 3rd, 2011, 2:59pm EDT by By LOUISE STORY
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In the style of rock climbing known as bouldering, ropes are replaced with crash pads and days-long ventures give way to climbs that can be completed in minutes.
NYT > Business
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Still Writing, Regulators Delay Rules
Posted: June 16th, 2011, 1:06am EDT by By LOUISE STORY
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Regulators overseeing financial reform are delaying many changes in the $600 trillion market for derivatives because they are running behind schedule in writing their new rules.
NYT > Home Page
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Still Writing, Regulators Delay Rules
Posted: June 16th, 2011, 1:06am EDT by By LOUISE STORY
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Regulators overseeing financial reform are delaying many changes in the $600 trillion market for derivatives because they are running behind schedule in writing their new rules.
NYT > Business
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Banks Want Pieces of Fannie-Freddie Pie
Posted: January 21st, 2011, 2:00am EST by By LOUISE STORY
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Wells Fargo and other large banks want to become the new housing finance giants and bundle mortgages into securities. But they want an explicit government guarantee.
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A Secretive Banking Elite Rules Trading in Derivatives
Posted: December 12th, 2010, 2:48am EST by By LOUISE STORY
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Daniel Singer runs a heating oil company in Elmsford, N.Y., and is a derivatives customer. In order to offer homeowners fixed-rate oil plans, he buys derivatives contracts. But since the trading system is not transparent, he can’t tell whether the prices he gets are fair or not.In theory, clearinghouses exist to safeguard the integrity of the multitrillion-dollar derivatives market. In practice, they also defend big banks’ dominance.
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House Advantage: Banks Shared Clients’ Profits, but Not Losses
Posted: October 18th, 2010, 7:40am EDT by By LOUISE STORY
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Banks offer to help big investors like pension funds earn a little extra. When it doesn’t work, only the client loses.
NYT > Home Page
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House Advantage: Banks Shared Clients’ Profits, but Not Losses
Posted: October 18th, 2010, 7:40am EDT by By LOUISE STORY
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Banks offer to help big investors like pension funds earn a little extra. When it doesn’t work, only the client loses.
NYT > Business
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Former Moody’s Executive Files Suit
Posted: September 13th, 2010, 6:10pm EDT by By LOUISE STORY
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Ilya Eric Kolchinsky claims that Moody’s has tried to damage his reputation, an accusation that the company says is without merit.
NYT > Home Page
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Former Moody’s Executive Files Suit
Posted: September 13th, 2010, 6:10pm EDT by By LOUISE STORY
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Ilya Eric Kolchinsky claims that Moody’s has tried to damage his reputation, an accusation that the company says is without merit.
NYT > Business
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Income Inequality and Financial Crises
Posted: August 21st, 2010, 1:00pm EDT by By LOUISE STORY
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In Depression-era New York City, scenes like this underscored the sudden hardship.New research raises a question: Do widening gaps between rich and poor necessarily lead to financial crises?
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Regulators Unearth Merrill’s Dodging of Risk Disclosure
Posted: August 10th, 2010, 1:00am EDT by By LOUISE STORY
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Merrill Lynch kept quiet about the extent of its exposure to risky subprime investments. Now regulators are studying that decision and others that helped lead to the financial crisis in 2008.
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From S.E.C. and Goldman, Generals Ended the War
Posted: July 17th, 2010, 7:50pm EDT by By LOUISE STORY
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For Robert Khuzami of the S.E.C. and Gregory Palm of Goldman Sachs, it was one of the cases that can define a career. Each side is claiming a victory.
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Cuomo Is Said to Question Banks’ Influence on Ratings
Posted: May 13th, 2010, 6:26am EDT by By LOUISE STORY
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The New York attorney general is said to be scrutinizing eight banks that may have provided misleading information to rating agencies to inflate the grades of securities.
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Crisis Panel to Probe Window-Dressing at Banks
Posted: May 5th, 2010, 1:04am EDT by By LOUISE STORY
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Many of the practices that enabled investment banks to mask deteriorating finances are still being employed.
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Microcosm of the Housing Crisis on an Arizona Street
Posted: March 23rd, 2010, 7:20am EDT by By LOUISE STORY
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Deciding which homeowners get federal money to help with mortgages is raising questions of fairness in Arizona.
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Judge Accepts S.E.C.’s Deal With Bank of America
Posted: February 22nd, 2010, 11:02pm EST by By LOUISE STORY
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But in his ruling, the judge delivered harsh words for the S.E.C., saying that the settlement was “half-baked justice at best.”
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Bank of America Opposes Judge’s Proposal for an Outside Pay Consultant
Posted: February 17th, 2010, 10:04pm EST by By LOUISE STORY
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Judge Jed S. Rakoff wants to add the compensation expert to a settlement between the bank and the Securities and Exchange Commission.
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R.B.S.’s Shining Star in Connecticut
Posted: February 17th, 2010, 8:49pm EST by By LOUISE STORY
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The Royal Bank of Scotland, which may be one of Britain’s most bailed-out banks, has a gleaming new $500 million U.S. headquarters.
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BofA and S.E.C. Say Settlement Needs No Changes
Posted: February 17th, 2010, 8:23pm EST by By LOUISE STORY
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Bank of America and the Securities and Exchange Commission said in court filings that they do not believe their latest settlement needs to be changed to reflect the suggestions of the federal judge overseeing the case.
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Judge Questions Bank of America’s New Deal With S.E.C.
Posted: February 9th, 2010, 12:16am EST by By LOUISE STORY
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The court might reject a new $150 million settlement over the takeover of Merrill Lynch, which could send the case to trial.
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Cuomo Sues Bank of America as It Settles With S.E.C.
Posted: February 4th, 2010, 3:02pm EST by By LOUISE STORY
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The attorney general accused the bank and two executives of securities fraud. Meanwhile, the bank settled an S.E.C. claim for $150 million.
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Bank Is in Talks to Settle State Claims Over Merrill
Posted: January 11th, 2010, 11:05pm EST by By LOUISE STORY
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Bank of America is negotiating with the staff of the New York attorney general to settle claims that the bank failed to adequately disclose the risks of the takeover to its shareholders.
NYT > Home Page
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Goldman Sachs Weighs Requirement for Charity
Posted: January 11th, 2010, 1:20am EST by By LOUISE STORY
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The firm may expand a program that requires executives to give a certain percentage of their earnings to charity.
NYT > Business
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Goldman Sachs Weighs Requirement for Charity
Posted: January 10th, 2010, 11:24pm EST by By LOUISE STORY
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The firm may expand a program that requires executives to give a certain percentage of their earnings to charity.
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Buying a Share of Victory. Or Not.
Posted: January 2nd, 2010, 12:52pm EST by By LOUISE STORY
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War bonds helped pay for World Wars I and II. But they may not be such a good idea for Iraq and Afghanistan.
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New Aid for Fannie and Freddie
Posted: December 25th, 2009, 1:34am EST by By LOUISE STORY
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The compensation for the two executives includes a $900,000 salary, $3.1 million in deferred payments and a possible bonus of $2 million.
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Goldman’s Curbs on Bonuses Aim to Quell Uproar
Posted: December 11th, 2009, 1:33pm EST by By LOUISE STORY
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It’s unclear if the move, which comes ahead of rulings by the government’s compensation czar, will placate critics.
NYT > Home Page
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Bank of America Executive Under Scrutiny
Posted: December 8th, 2009, 1:31am EST by By LOUISE STORY
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The New York attorney general is focusing on testimony by Greg Curl, the bank’s chief risk officer and a leading candidate for C.E.O., about a merger with Merrill Lynch.
NYT > Business
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Bank of America Executive Examined
Posted: December 7th, 2009, 11:43pm EST by By LOUISE STORY
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The New York attorney general is focusing on testimony by Greg Curl, the bank’s chief risk officer and a leading candidate for C.E.O., about a merger with Merrill Lynch.
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Congress Digs Deeper Into BofA-Merrill Deal
Posted: November 16th, 2009, 4:08pm EST by By LOUISE STORY
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Bank of America will be on the witness stand yet again on Tuesday, when two of the bank's board members and one of its senior executives appear before a Congressional committee that has been investigating its merger with Merrill Lynch.
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Concerns Growing Over Another Mortgage Giant
Posted: October 8th, 2009, 2:59pm EDT by By LOUISE STORY
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Problems at the Federal Housing Administration are raising worries among industry executives and Washington policy makers.
NYT > Home Page
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Concerns Growing Over Another Mortgage Giant
Posted: October 8th, 2009, 2:59pm EDT by By LOUISE STORY
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Problems at the Federal Housing Administration are raising worries among industry executives and Washington policy makers.
NYT > Business
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In Merrill’s Failed Plan, Lessons for Pay Czar
Posted: October 7th, 2009, 11:27pm EDT by By LOUISE STORY
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Merrill’s attempt to align pay with performance did not keep executives from risking the bank’s stability.
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Report on Bailouts Says Treasury Misled Public
Posted: October 5th, 2009, 6:14am EDT by By LOUISE STORY
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A Treasury official made incorrect statements about banks’ health even as the government was doling out billions in aid.
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Bank of America Seeks to Pay Back Federal Aid
Posted: September 22nd, 2009, 2:35am EDT by By LOUISE STORY
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The bank, under investigation by several agencies for its conduct while acquiring Merrill Lynch, is trying to smooth relations with regulators.
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DealBook: Bank of America Misses Congressional Deadline
Posted: September 21st, 2009, 5:23pm EDT by By LOUISE STORY
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Bank of America did not meet a noon deadline set by a Congressional committee to disclose legal conversations it had regarding its acquisition of Merrill Lynch.
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Congress Aims to Force Bank of America to Give Details on Merrill
Posted: September 21st, 2009, 1:12am EDT by By LOUISE STORY
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Bank of America is being told by a House Democrat that it cannot use attorney-client privilege to withhold legal conversations about acquiring Merrill Lynch.
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Bank Firing of Counsel Is Examined
Posted: September 9th, 2009, 1:21am EDT by By LOUISE STORY
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Timothy J. Mayopoulos, Bank of America’s former general counsel, has refused to reveal certain specifics of disclosure decisions he weighed in on at the company.
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Scrutiny for S.E.C. In Merrill Bonuses
Posted: August 25th, 2009, 9:11pm EDT by By LOUISE STORY
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The judge has refused to sign off on Bank of America’s $33 million settlement with the Securities and Exchange Commission.
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Bank of America Defends Its S.E.C. Settlement
Posted: August 24th, 2009, 7:35pm EDT by By LOUISE STORY
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The finger-pointing in Merrill Lynch’s bonus troubles shifted to a new target on Monday in two court documents that essentially said: blame the lawyers.
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Plain Talk From Judge Weighing Merrill Case
Posted: August 24th, 2009, 1:08am EDT by By LOUISE STORY
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Jed S. Rakoff, a United States District Court judge in Manhattan, is not one to rubber-stamp administrative decisions.
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G.M.’s Unit for Investing to Attract Pay Scrutiny
Posted: August 14th, 2009, 12:15am EDT by By LOUISE STORY
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Traders at Promark Global Advisors accounted for many of the top 25 earners at General Motors.
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Judge Attacks Merrill Pre-Merger Bonuses
Posted: August 11th, 2009, 1:17am EDT by By LOUISE STORY
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Bank of America and the S.E.C. must provide Judge Jed S. Rakoff with specifics about disclosure of bonuses.
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For Private Equity, a Very Public Disaster
Posted: August 8th, 2009, 11:44pm EDT by By LOUISE STORY
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Cerberus Capital Management had high hopes for Chrysler. But by this spring, a $7.4 billion stake had dwindled to $1.4 billion.
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Risk Cuts at Morgan May Lead to a Loss
Posted: July 2nd, 2009, 1:42am EDT by By LOUISE STORY
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Late last year, after the financial crisis, Morgan Stanley made a decision that its biggest rivals avoided: burned by the crisis, it would take far fewer risks in its trading.
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Second Longtime Director Resigns at Bank of America
Posted: May 29th, 2009, 8:58pm EDT by By LOUISE STORY
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O. Temple Sloan, who had been an ally of the chief executive, Kenneth Lewis, is leaving after 13 years.
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Bank of America Said to Sell Stake in Chinese Bank
Posted: May 12th, 2009, 9:39am EDT by By LOUISE STORY
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The U.S. bank, under pressure to raise additional cash, sold a 5.8 percent stake in the China Construction Bank Corporation for about $7 billion, a person briefed on the sale said.
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Bank Chief’s Future at Issue as Shareholders Meet
Posted: April 29th, 2009, 12:04pm EDT by By LOUISE STORY
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Shareholders stripped Kenneth D. Lewis of his chairman title in a vote that may mark the beginning of the end of his leadership at the embattled bank.
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Bank of America Chief in Battle to Hold His Job
Posted: April 28th, 2009, 1:40am EDT by By LOUISE STORY
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Kenneth D. Lewis, the bank’s chief executive, is under fire for the controversial acquisition of Merrill Lynch, but his job may be saved by proxies wielded by brokers.
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After an Off Year, Wall Street Pay Is Bouncing Back
Posted: April 25th, 2009, 9:23pm EDT by By LOUISE STORY
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If the pace set in the first quarter continues all year, the average pay for bankers — much of it in bonuses — will rebound from the lows of last year.
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Quadrangle Is Facing Questions Over Pension Funds
Posted: April 22nd, 2009, 2:35am EDT by By LOUISE STORY
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Steven Rattner’s private investment company is the subject of an investigation into corruption in public pension funds.
NYT > Home Page
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Quadrangle Is Facing Questions Over Pension Funds
Posted: April 22nd, 2009, 2:35am EDT by By LOUISE STORY
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Steven Rattner’s private investment company is the subject of an investigation into corruption in public pension funds.
NYT > Business
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U.S. Program Lends a Hand to Banks, Quietly
Posted: April 15th, 2009, 2:11am EDT by By LOUISE STORY
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Some banks, including Goldman Sachs, are quietly holding on to a government subsidy that allows them to issue debt cheaply with the backing of the F.D.I.C.
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Goldman Using Share Sale to Return Bailout Funds
Posted: April 14th, 2009, 9:03am EDT by By LOUISE STORY
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If successful in raising money in the capital markets, Goldman could be the first major bank to return funds.
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Goldman Posts Profit and Will Raise $5 Billion
Posted: April 14th, 2009, 1:33am EDT by By LOUISE STORY
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Goldman Sachs said it earned $1.66 billion in the quarter and that it would raise $5 billion through a stock offering.
NYT > Home Page
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Goldman Posts Profit and Will Raise $5 Billion
Posted: April 14th, 2009, 1:33am EDT by By LOUISE STORY
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Goldman Sachs said it earned $1.66 billion in the quarter and that it would raise $5 billion through a stock offering.
NYT > Business
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A Rich Education for Summers (After Harvard)
Posted: April 6th, 2009, 7:33am EDT by By LOUISE STORY
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After leaving Harvard, Lawrence H. Summers earned nearly $5.2 million advising elite math wizards and scientists at a New York hedge fund.
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Obama’s Top Auto Industry Troubleshooter
Posted: April 6th, 2009, 12:49am EDT by By LOUISE STORY
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Steven Rattner, a well-known media banker, is playing a crucial role for Washington as he advises the Detroit automakers on their overhauls.
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Cerberus Tries to Salvage What It Can From Chrysler
Posted: April 1st, 2009, 12:55am EDT by By LOUISE STORY
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Cerberus Capital Management has agreed to give up its 80.1 percent stake in Chrysler, and the private investment firm is now trying to save its investment in GMAC and Chrysler Financial.
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Goldman Bailed Out 2 Executives
Posted: March 28th, 2009, 12:39am EDT by By LOUISE STORY
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The executives, both shareholders, were caught short of cash, and the bank was worried that a big share sale would alarm investors.
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Top Hedge Fund Managers Do Well in a Down Year
Posted: March 25th, 2009, 3:10pm EDT by By LOUISE STORY
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Alpha magazine’s rankings show that the top earners took in $11.6 billion by trading above the pain in 2008.
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$2.5 Billion in Merrill Bonuses Would Elude Tax
Posted: March 21st, 2009, 2:21am EDT by By LOUISE STORY
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Most of the Merrill bonuses, which included some 700 awards of over $1 million, would not be affected by a new bonus tax being considered in Congress.
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Cuomo Wins Ruling to Name Merrill Bonus Recipients
Posted: March 19th, 2009, 12:38am EDT by By LOUISE STORY
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Andrew M. Cuomo is starting to unearth some of the most closely guarded secrets on Wall Street: the identities of Merrill Lynch employees who collected large bonuses even as the brokerage firm lost billions.
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More Money From Fees Gives Banks Good Start
Posted: February 23rd, 2009, 1:58am EST by By LOUISE STORY
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For all the dire developments among banks, the heavyweights of Wall Street actually had some of their business start off well this year, at least relative to 2008 standards.
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Some Banks Want to Return Government Money
Posted: February 11th, 2009, 12:16am EST by By LOUISE STORY
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Goldman Sachs and Morgan Stanley have indicated their companies were hoping to return bailout funds as quickly as possible, on worries the government may intrude further in their business.
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Hedge Funds, Unhinged
Posted: January 17th, 2009, 6:06pm EST by By LOUISE STORY
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Two out of three hedge funds lost money last year. How many will claw their way back to profitability?
NYT > Home Page
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Hedge Funds, Unhinged
Posted: January 17th, 2009, 6:06pm EST by By LOUISE STORY
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Two out of three hedge funds lost money last year. How many will claw their way back to profitability?
NYT > Business
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For Bank of America, the Pressure Mounts Over Merrill Deal
Posted: January 17th, 2009, 12:46am EST by By LOUISE STORY
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Bank of America’s chairman came under fire from investors wanting to know why the bank did not notify them of Merrill’s losses in December.
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The Reckoning: On Wall Street, Bonuses, Not Profits, Were Real
Posted: December 18th, 2008, 11:10am EST by By LOUISE STORY
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As regulators sift through the financial rubble, there are questions about the role of lavish bonuses in the debacle.
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The Reckoning: On Wall Street, Bonuses, Not Profits, Were Real
Posted: December 18th, 2008, 11:10am EST by By LOUISE STORY
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As regulators sift through the financial rubble, there are questions about the role of lavish bonuses in the debacle.
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With Little Optimism for 2009, Morgan Stanley Posts $2 Billion Loss
Posted: December 18th, 2008, 12:09am EST by By LOUISE STORY
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The bank closed out one of its most wrenching fiscal years ever with a $2.36 billion quarterly loss and downbeat forecasts for the year ahead.
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With Little Optimism for 2009, Morgan Stanley Posts $2 Billion Loss
Posted: December 18th, 2008, 12:09am EST by By LOUISE STORY
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The bank closed out one of its most wrenching fiscal years ever with a $2.36 billion quarterly loss and downbeat forecasts for the year ahead.
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Morgan Stanley Posts $2.36 Billion Loss in Quarter
Posted: December 17th, 2008, 1:14pm EST by By LOUISE STORY
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Revenues in every corner of the bank fell, even when compared to last quarter, showing a deteriorating environment that cut across businesses.
NYT > Home Page
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Morgan Stanley Posts $2.36 Billion Loss in Quarter
Posted: December 17th, 2008, 1:14pm EST by By LOUISE STORY
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Revenues in every corner of the bank fell, even when compared to last quarter, showing a deteriorating environment that cut across businesses.
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Morgan Stanley Posts $2.36 Billion Loss in Quarter
Posted: December 17th, 2008, 1:14pm EST by By LOUISE STORY
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Revenues in every corner of the bank fell, even when compared to last quarter, showing a deteriorating environment that cut across businesses.
NYT > Business
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Extreme Makeover at Morgan Stanley
Posted: November 26th, 2008, 2:47am EST by By LOUISE STORY
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The former investment bank, now a bank holding company, plots its future.
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Bank Industry Analysts Fall Prey to the Shrinkage
Posted: November 24th, 2008, 11:19pm EST by By LOUISE STORY
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Analysts, once prominent within the industry, are joining a growing pool of bankers and traders losing their jobs before bonus times, with few job prospects on the horizon.
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Awaiting Reaction to 3rd Try at Bailout
Posted: November 24th, 2008, 12:49am EST by By LOUISE STORY
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The question, as a new week begins, is whether this plan will produce lasting effects not only for Citigroup but also for the broader stock market.
NYT > Home Page
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Awaiting Reaction to 3rd Try at Bailout
Posted: November 24th, 2008, 12:49am EST by By LOUISE STORY
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The question, as a new week begins, is whether this plan will produce lasting effects not only for Citigroup but also for the broader stock market.
NYT > Business
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As Stock Falls, Morgan Looks to Japanese Bank
Posted: October 10th, 2008, 10:28pm EDT by By LOUISE STORY
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Morgan Stanley was racing to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.
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Debate as Ban on Short-Selling Ends: Did It Make Any Difference?
Posted: October 7th, 2008, 9:21pm EDT by By LOUISE STORY
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The end of the ban, on Wednesday night, is not expected to spark another plunge in the stock market, but some steps remain in place to hem short-sellers.
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Hedge Fund Finds Itself on Defense
Posted: October 7th, 2008, 12:07pm EDT by By LOUISE STORY
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The Citadel Group of Chicago, the giant hedge fund that Kenneth C. Griffin has run successfully for nearly 20 years, is leaking money.
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Morgan Stanley Completes Mitsubishi Deal
Posted: September 29th, 2008, 10:18am EDT by By LOUISE STORY
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Mitsubishi will pay $9 billion for 21 percent ownership of Morgan Stanley. The companies also announced a strategic alliance with a focus on corporate and investment banking.
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Hedge Funds Are Bracing for Investors to Cash Out
Posted: September 29th, 2008, 1:11am EDT by By LOUISE STORY
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A spate of hurried sales could unleash a vicious circle within the industry, with the sales leading to more losses, and those losses leading to more withdrawals, and so on.
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Wall Street Workers Find New Niches, or Move On
Posted: September 24th, 2008, 1:28am EDT by By LOUISE STORY
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As the turmoil in the markets spreads, it is as much a pandemic of the everyman as it is of the Hamptons set.
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As the Giants of Wall Street Topple, Smaller, Nimbler Rivals Move In
Posted: September 23rd, 2008, 2:21am EDT by By LOUISE STORY
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In many ways, these small and midsize firms look like the Wall Street of old, before firms took on large amounts of leverage and began trading aggressively.
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Goldman Posts Profit, and Morgan Follows Suit
Posted: September 17th, 2008, 1:32am EDT by By LOUISE STORY
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Goldman Sachs posted quarterly profit that beat analysts’ expectations, while Morgan Stanley reported profit that was even stronger than Goldman’s.
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Wall Street Report Tries to Dissect Financial Meltdown
Posted: August 6th, 2008, 12:37pm EDT by By LOUISE STORY
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Wall Street failed to anticipate how wide-reaching problems with mortgage bonds would spread into seemingly distant corners of the financial markets, the report said.
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Morgan Stanley to Advise U.S. on Fannie and Freddie
Posted: August 6th, 2008, 12:48am EDT by By LOUISE STORY
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The Treasury secretary, Henry M. Paulson Jr., asked Morgan Stanley to submit a formal proposal about the new role the federal government could take in a rescue of the troubled lenders.
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Merrill’s Chief Defends Recent Sale
Posted: August 5th, 2008, 12:10am EDT by By LOUISE STORY
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Merrill Lynch’s chief said he sold mortgage investments at fire-sale prices to bolster employee morale.
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An Acid-Tongued Maverick Keeps Bankers on the Edge of Their Seats
Posted: August 4th, 2008, 2:18am EDT by By LOUISE STORY
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Richard X. Bove is one of the few analysts to predict the housing market blow-up. He is also one of the few whose advice would have made money for investors over the past year.
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For Stock Exchanges, a Tumble Along With Markets
Posted: July 31st, 2008, 5:35pm EDT by By LOUISE STORY
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The share price of the company that owns the venerable New York Stock Exchange has tumbled even more than the stock market, losing 45 percent of its value this year.
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Regulators Seize Mortgage Lender
Posted: July 11th, 2008, 9:53pm EDT by By LOUISE STORY
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IndyMac Bancorp, one of the country’s largest mortgage lenders, was a star in the subprime era.
NYT > Home Page
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Regulators Seize Mortgage Lender
Posted: July 11th, 2008, 9:53pm EDT by By LOUISE STORY
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IndyMac Bancorp, one of the country’s largest mortgage lenders, was a star in the subprime era.
NYT > Business
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Loan Pains Turned Site Into a Hit
Posted: July 8th, 2008, 2:08am EDT by By LOUISE STORY
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The Mortgage Lender Implode-O-Meter, a Web site, is gleefully tallying the number of lenders that run into trouble.