Fitch Affirms EastGroup Properties, Inc. at ‘BBB’; Outlook Stable (Centre Daily Times)
October 1st, 2008Fitch Ratings has affirmed the ratings for EastGroup Properties, Inc. (NYSE:EGP) as follows: More…
The cars and trucks may gleam in the sun, but it’s the land underneath the Bill Heard chain of car dealerships that could hold the most value. More…
The prized Neuberger Berman asset management business of bankrupt Lehman Brothers Holdings Inc is being sold to private equity firms Bain Capital LLC and Hellman & Friedman LLC for $2.15 billion (1.2 billion pounds) — a lot less than original estimates. More…
The strategic benefits of Citigroup Inc.’s (Citi) acquisition of Wachovia Corporation’s (Wachovia) retail, corporate/investment and private banking operations are tempered by Citi’s own escalating asset quality challenges, according to Fitch Ratings. Fitch has placed Citi’s ‘AA-’ long-term Issuer Default Rating (IDR) on Rating Watch Negative following the announced agreement. More…
How bad is it? This is the worst financial crisis in 60 years, and it has shaken the banking system to its foundations. Even the Chancellor, Alistair Darling, has compared the crisis to the Great Depression and he is not given to overstatement. More…
WASHINGTON Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions. More…