Business news in briefWednesday, November 19, 2008 @ 2:34AMFourth-quarter sales at maternity-clothing retailer Mothers Work Inc. fell 4 percent to $130.5 million, partly because of a terminated agreement with Sears. The firm said it was making progress in its restructuring.
Audit Roundup: WaMu’s Boiler RoomMonday, November 3, 2008 @ 8:28AMNYT’s Morgenson on bank’s shady mortgage biz; Papers dig into AIG; etc. The NYT ’s Gretchen Morgenson talks to a former WaMu mortgage underwriter, who dishes on what sure seems to us like outright fraud at the bank, which because of all that dirty business became the biggest bank failure in American history.
WaMu loan underwriter recalls pressureMonday, November 3, 2008 @ 2:32AMAs a senior mortgage underwriter, Keysha Cooper was proud of her ability to detect fraud and other problems in a loan application. But as a senior mortgage underwriter at Washington Mutual during the late, great mortgage boom, Cooper says she found herself in a vise.
JPMorgan, WaMu will modify troubled home loansFriday, October 31, 2008 @ 1:29PMJPMorgan Chase expects to modify terms on $70 billion in loans to 400,000 families, including customers of Washington Mutual, and will delay foreclosure on any loans while it rolls out the new program over the next 90 days.
Banking Crisis: The Scape-goating BeginsThursday, October 30, 2008 @ 1:31PMWe are just now beginning to see the scapegoating that was probably inevitable in the great American banking crisis, just as it always seems to follow after any man-made disaster of colossal proportions.
Banking crisis – the scapegoating beginsFriday, October 17, 2008 @ 11:48AMWe are just now beginning to see the scapegoating that was probably inevitable in the great American banking crisis, just as it always seems to follow after any man-made disaster of colossal proportions.
Banking crisis – the scapegoating beginsFriday, October 17, 2008 @ 11:48AMWe are just now beginning to see the scapegoating that was probably inevitable in the great American banking crisis, just as it always seems to follow after any man-made disaster of colossal proportions.
Feds secretly investigated WaMu slide for monthsThursday, October 16, 2008 @ 4:18AMFor months, federal prosecutors in Seattle have kept the lid on an expanding criminal investigation into Washington Mutual Bank, fearing publicity of the probe would panic investors and depositors and cause a run on the teetering financial institution.
Business news in briefThursday, October 16, 2008 @ 2:59AMHarleysville National Corp.