Friday, August 14, 2009

Colonial Bank to be Seized by FDIC. BB&T to Buy Assets

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TODAY'S HEADLINES

LATEST VIDEO

The State of the Consumer
A breakdown of the CPI numbers and whether there will be an increase in consumption, with CNBC's David Faber.
Econ Analysis: CPI Data
US consumer prices were flat in July versus June as expected, but fell over the past 12 months by the most since 1950, government data showed on Friday
ReFi on the Rise
Mortgage refinancing was red hot in July. James Lockhart, director of the Federal Housing Finance Agency, shares his insight.
No Old Ways For Wall St. - Sec. Geithner
Geithner says the government will not allow the financial system to go back to its old ways. (Bloomberg News)
Toxic Loans Threaten Health Of 150 Banks
A data shows that toxic assets can wipe out bank's equity and threaten banks survival. (Bloomberg News)

AROUND THE WEB

FDIC to seize Colonial, sell assets to BB&T: report
BB&T to buy Colonial bank - report
New York Fed purchases 100489.784 billion in agency coupons
Federal Housing Finance Agency Report Shows Refinance Volumes on the Rise for Fannie Mae and Freddie Mac
California to Stop Issuing IOUs a Month Early
American CoreLogic: More than 15.2 Million Mortgage Holders Underwater

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