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  • Lloyds Banking Will Cut 5000 Jobs in Operations, Insurance, Retail Units

    Nov 10th, 2009 - Bloomberg

    Lloyds Banking Will Cut 5000 Jobs in Operations, Insurance, Retail UnitsNov. 10 (Bloomberg) -- Lloyds Banking Group Plc, Britain’sbiggest mortgage lender, said it plans to cut about 5,000 jobsin its administration, insurance and mortgage units.

  • BNY Mellon Rises After Selling Mortgage Assets, Cutting Risks

    Oct 20th, 2009 - Bloomberg

    BNY Mellon Rises After Selling Mortgage Assets, Cutting RisksOct. 20 (Bloomberg) -- Bank of New York Mellon Corp., theworld’s biggest custody bank, rose the most in more than fivemonths after selling mortgage securities that hurt earnings overthe past five quarters.

  • Florida bank collapses - firms swoop in

    May 21st, 2009 - CNNMoney

    NEW YORK (CNNMoney.com) -- A consortium of private equity firms has acquired BankUnited FSB in Florida after the savings and loan was shut down by federal regulators Thursday. The 34th bank to fail this year and the largest so far...

  • Bank of America scraps Countrywide name

    Apr 27th, 2009 - Reuters

    NEW YORK, April 27 (Reuters) - Bank of America Corp (BAC.N) onMonday discarded the Countrywide brand in its mortgage operations,a name now sullied by risky home loans...

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