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Pimco Seeks as Much as $5 Billion for Distressed Debt (Update1) - Bloomberg
Aug. 27 (Bloomberg) -- Pacific Investment Management Co., the biggest manager of bond funds, is seeking as much as $5 billion to buy mortgage-backed debt that plunged in value after the subprime market collapsed, according to two investors with ...

American Sterling Bank revises practices after federal scrutiny - Kansas City Star
Federal regulators have found that American Sterling Bank and its owners violated several banking laws, including keeping “inaccurate books” and certain transactions. Michael Thompson, co-chief executive, on Thursday acknowledged errors and ...

Bank of China beats forecasts - International Herald Tribune
HONG KONG : Bank of China, the country's flagship foreign exchange lender, posted a forecast-beating 15 percent increase in second-quarter profit on Thursday, as rising fee income helped offset its exposure to U.S. subprime-related holdings. The ...

Bank of China profit up; overseas holdings weigh - Forbes
HONG KONG/BEIJING, Aug 28 (Reuters) - Bank of China, the country's flagship foreign exchange lender, posted a forecast-beating 15 percent rise in second-quarter profit as rising fee income helped offset its exposure to overseas holdings including ...

Realtors say existing home sales rose in July - Times West Virginian
WASHINGTON — Sales of existing homes rose 3.1 percent in July, easily beating Wall Street’s expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold ...

Buyers warned on shared equity schemes - This is Money
Unfortunately, these schemes are not quite what they seem. Lenders, mortgage brokers, housing associations and others are all urging extreme caution, warning purchasers that these deals could store up massive problems for the future. Buyers should ...

More Business - San Francisco Gate
Stocks rise following durable goods report 08.27.08 Merriman to play despite 2 torn knee ligaments 08.27.08 Oil ends higher as Gustav spins toward Gulf 08.27.08 Durable goods post strong gains in June, July 08.27.08 However, the number of unsold ...

American Sterling Bank broke laws, federal regulators allege - Kansas City Star
Federal regulators have found that American Sterling Bank and its owners violated several banking laws, including keeping “inaccurate books” and engaging in transactions that violated banking laws. Co-CEO Michael Thompson acknowledged errors and ...

Existing-home sales rise in July - Nashville Tennessean
WASHINGTON — Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties hit an all-time high ...

Salvation Army extending assistance to local clients - TriVallyCentral
For citizens of Lincoln and Lawrence counties, getting assistance during tough times is about to get a little easier - and closer to home. Beginning Thursday, Sept. 11, the Salvation Army Corps from McComb will begin keeping office hours in ...

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