Washington Mutual Inc, the largest U.S. savings and loan, posted a $3.33 bln second-quarter loss on Wednesday as souring mortgages forced it to set aside more money for loan losses. The thrift's
A Bush administration plan to bolster Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 bln, congressional analysts said on Wednesday in a report that triggered debate as Congress moved toward
SemGroup LP declared bankruptcy on Wedneday after $3.2 bln in oil trading losses torpedoed the formerly 12th-largest private U.S. company. The Tulsa-based company racked up the massive losses as oil prices ran
The dollar rallied on Wednesday, boosted by a steep drop in oil prices and comments from a Federal Reserve official suggesting that U.S. interest rates may have to rise even before financial
Gold finished sharply lower after a volatile session on Wednesday as a combination of retreating oil, a higher dollar and recovering U.S. stocks pulled the precious metal from its earlier highs. Spot
Marfin Popular Bank (MPB) has agreed to sell 51% of its insurance subsidiaries to CNP Assurances (CNP) and entered into a long-term business partnership for the development of insurance and pensions sales
By Parisa Hafezi Any U.S. move to impose sanctions on the Central Bank of Iran could add to the woes of the world's financial system although the Islamic Republic will find ways
The Cyprus question and the situation in the broader Middle East region were discussed here today during a meeting between Cyprus House President Marios Garoyian and Catholicos of Cilicia of the Armenian
Cyprus Ministers of Justice and Public Order Kypros Chryrostomides and of the Interior Neoclis Sylikiotis will meet Wednesday in Brussels Vice-President of the European Commission Responsible for Justice, Freedom and Security Jacques
Wachovia Corp, the fourth-largest U.S. bank, on Tuesday posted an $8.86 bln second-quarter loss, slashed its dividend and announced the elimination of more than 10,700 jobs after losses tied to mortgages soared.
