Home sales rise in September, but a housing glut and concerns remain | Business Agenda

Home sales rise in September, but a housing glut and concerns remain | Business Agenda The pace of home sales gathered steam in September, a welcome sign for a housing market that remains troubled across much of the United States. Previously owned homes sold at an annualized pace of 4.53 million units, up from 4.12 [...]

Third Quarter Foreclosure Activity up in 65 Percent of U.S. Metro Areas but Down in Hardest-Hit Cities

Third Quarter Foreclosure Activity up in 65 Percent of U.S. Metro Areas but Down in Hardest-Hit Cities Seattle, Chicago and Houston Post Biggest Increases Among 20 Largest Metros Read more on Marketwire

William K. Black: Foreclose on the Foreclosure Fraudsters, Part 2: Spurious Arguments Against Holding the Fraudsters …

William K. Black: Foreclose on the Foreclosure Fraudsters, Part 2: Spurious Arguments Against Holding the Fraudsters … The “too big to fail” doctrine has always been unproven, dangerous, and counter to the law. An institution that is not permitted to fail or be resolved by the government faces obvious adverse incentive problems. Read more on [...]

First Community Bancshares, Inc. Announces Third Quarter 2010 Results

First Community Bancshares, Inc. Announces Third Quarter 2010 Results BLUEFIELD, Va. — First Community Bancshares, Inc. today reported net income for the quarter ended September 30, 2010, of $6.55 million, or $0.37 per diluted common share. Read more on GlobeNewswire via Yahoo! Finance

Sandy Spring Bancorp Reports Continuing Improvement With Third Quarter Results

Sandy Spring Bancorp Reports Continuing Improvement With Third Quarter Results OLNEY, Md. — Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, today announced net income available to common stockholders for the third quarter of 2010 of $6.4 million compared to a net loss available to common stockholders of $14.8 million ( per [...]

SBA Hopes to Prime Jobs Pump With Increase in Loan Limits

SBA Hopes to Prime Jobs Pump With Increase in Loan Limits Last month’s approval of federal legislation extending 90 percent guarantees on Small Business Administration loans also boosted the maximum loan sizes of those same loans. Read more on San Diego Business Journal

BoQ flags higher dividend on profit jump

BoQ flags higher dividend on profit jump Bank of Queensland has posted a 27% rise in annual net profit, and predicted higher growth in the current year. Read more on Business Day

JPMorgan Chase Reports Third-Quarter 2010 Net Income of $4.4 Billion, or $1.01 Per Share, on Revenue1 of $24.3 Billion

JPMorgan Chase Reports Third-Quarter 2010 Net Income of $4.4 Billion, or $1.01 Per Share, on Revenue1 of $24.3 Billion JPMorgan Chase & Co. today reported third-quarter 2010 net income of $4.4 billion, an increase of 23% compared with $3.6 billion in the third quarter of 2009. Earnings per share were $1.01, compared with $0.82 in [...]

Boomers’ Shrunken 401[k ]s Spark Interest in Reverse Mortgages

Boomers’ Shrunken 401[k ]s Spark Interest in Reverse Mortgages Ten years ago, reverse mortgages were primarily used by widowed or single women well into their 70s with little other means of retirement income. Now, big losses to retirement savings as a result of the financial crisis have stoked interest among younger retirees of both sexes. [...]

Guilty Plea Filed in Federal Money Laundering Case

Guilty Plea Filed in Federal Money Laundering Case U.S. Attorney William J. Hochul, Jr., announced last week that John Sorrentino of East Aurora pleaded guilty before U.S. District Court Chief Judge William M. Skretny to money laundering. The charge carries a maximum penalty of 20 years in prison, a fine of $500,000 or both. Read [...]

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