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BofA purchase of Merrill will make a megabank even bigger - Los Angeles Times
Defending his controversial purchase of Countrywide Financial Corp. early this year, Bank of America Corp. Chief Executive Kenneth D. Lewis emphasized that the nation's largest consumer bank would now be No. 1 in three "anchor" financial products ...

Merrill deal adds muscle, reach to BofA's operations - Chicago Tribune
Defending his controversial purchase of Countrywide Financial Corp. early this year, Bank of America Corp. Chief Executive Kenneth Lewis emphasized that the nation's largest consumer bank would be No. 1 in three "anchor" financial products: deposits ...

Bank of America in talks to acquire Merrill Lynch - Los Angeles Times Blogs
Bank of America Corp. is in talks to buy brokerage giant Merrill Lynch & Co., in a deal that could help limit the repercussions from the expected demise of investment bank Lehman Bros. Holdings Inc. In a day of extraordinary upheaval on Wall Street ...

A crisis, but how bad? - Philadelphia Daily News
LEHMAN BROTHERS, one of the most venerable brokerage houses on Wall Street, survived the Civil War, various economic panics of the late 1800s, the Great Depression and the Nazi blitzkrieg through Europe. But it couldn't survive the mortgage crisis of ...

PhillyDeals: Harrisburg's OK needed for AIG asset exchange - Philadelphia Inquirer
The plan by federal and New York State officials to save American International Group , the largest U.S. insurer, from choking on decayed subprime home loans, requires the permission of officials in Harrisburg who are pledged to protect policyholders ...

One year after: RP largely unscathed from US subprime mess - ABS-CBN
More than a year after the US sneezed from its subprime mortgage troubles, the Philippines, unlike other Asian countries, did not catch a cold, local financial experts said. Two factors explain why the twin impact of collapsing real estate and ...

A Wild Day Expected as Opening Nears - Wall Street Journal
The U.S. financial markets are headed for a tumultuous morning , with the Dow futures down more than 300 points as traders struggle to get out of bad positions in equities, corporate bonds, credit-default swaps and the like in the wake of Lehman ...

Market's tanking but Mayor happy to invest $134m - Brisbane Times
Brisbane Lord Mayor Campbell Newman is pushing ahead with plans to invest council money in the share market, despite uncertain global economic conditions. Cr Newman this morning outlined his bid to invest $134 million held in council's version of the ...

Smith on Injured Reserve - San Francisco Gate
The 49ers placed Alex Smith on injured reserve and signed quarterback Jamie Martin , who has worked with offensive coordinator Mike Martz in the past and knows his system. More later. This was not a huge surprise, but Jamie Martin and Hill as our ...

McCain Doesn't Grasp Cause of Finance Crisis - Common Dreams
There are a lot of ironies in the fire as a Republican administration, the most conservative since Herbert Hoover, strives to invest $700 billion to create a socialist financial system. The current president uses the same style of intense concern ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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