Harry Terris
ReporterHarry Terris is a Financial Planning contributing writer in New York. He is also a contributing writer and former data editor for American Banker. Follow him on Twitter at @harryterris.
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Some large issuers posted continuing signs of improvement in credit card performance in monthly reports for July.
August 17 -
Fannie and Freddie face a tough choice: buy bad loans out of MBS pools, and take a big capital hit; or keep advancing payments to bondholders, at taxpayer expense.
August 13 -
Columbia Bancorp's net loss widened more than threefold from the previous period to $23.3 million in the second quarter as its credit provision jumped almost 50%, to $14.4 million and it took a $7.2 million charge against deferred tax assets.
August 10 -
The Bancorp said Monday that it has launched an offering of $50 million of common stock.
August 10 -
Freddie Mac swung to a $768M profit in the second quarter as it recognized $4.2B of gains on its derivative portfolio and guarantee assets and its credit provision fell.
August 7 -
Fannie Mae lost $14.8 billion in the second quarter, 36.2% less than in the first quarter but over six times more than in the year-ago period.
August 6 -
The opposite of a walkaway? Tens of thousands file for bankruptcy to keep their homes — current mortgages intact; and more.
August 5 -
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Quarterly results at MasterCard Inc. and Visa Inc. showed how intense - and expensive - the payment networks' battle for issuer business has become as the crisis forces the banking industry to consolidate.
July 30 -
Visa Inc. reported a 72.7% increase in fiscal third-quarter net income, to $729 million, from the year earlier, or 97 cents per class A share.
July 29 -
Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, said indictments are "inevitable" as his office staffs up and continues to pursue an array of criminal and civil investigations.
July 28 -
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Given the glimmers of improvement in second-quarter results, credit card lenders are hoping for an endless spring.
July 24 -
For most bankers these days, commercial real estate is once again a millstone, and for Modern Bank Partners LLC in New York, that means now is a perfect time to jump into the business.
July 21 -
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For small-business credit cards, already tottering, Advanta Corp.'s decision to stop lending to its one million cardholders could be a fatal blow.
May 13 -
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