Philip van Doorn

Downey Plummets on Loss, CEO Departure

By Philip van Doorn

The troubled thrift is exploring strategic alternatives after a board shake-up and another poor quarter.

Related Topics: Financial Services | Banks

01:50PM 07/24/08

WaMu May Need to Hit the ATM Again

By Philip van Doorn

The Seattle thrift is adequately capitalized for now, but if bad loans continue to mount like they did in the second quarter, it will need to raise more capital.

Related Topics: Financial Services | Banks

01:44PM 07/23/08

SunTrust's Coke Sale Gives It Profit Pop

By Philip van Doorn

The Atlanta bank beat expectations after selling its stake in the beverage giant.

Related Topics: Banks | Earnings | Financial Services

12:46PM 07/22/08

Downey Plummets Ahead of Weekend

By Philip van Doorn

The battered savings and loan's shares swooned again Friday, giving up gains during the market rally earlier this week.

Related Topics: Financial Services | Banks

03:56PM 07/18/08

Marshall & Illsely Shares Rise After Loss

By Philip van Doorn

The Milwaukee-based bank boosted its provision, as its construction loan portfolio continued to sour.

Related Topics: Financial Services | Earnings | Banks

01:03PM 07/16/08

U.S. Bancorp Weathering the Credit Storm

By Philip van Doorn

The bank grew revenue and its balance sheet, while keeping well ahead of nonperforming loans.

Related Topics: Earnings | Banks | Financial Services

12:11PM 07/15/08

IndyMac Insurance Tab Could Hit $8B

By Philip van Doorn

The Federal Deposit Insurance Corp. fund set up to protect deposits at failed banks will have to pay out between $4 billion and $8 billion to cover insured accounts.

Related Topics: Financial Services | Banks

05:42PM 07/14/08

Is Your Ohio Bank Financially Safe?

By Philip van Doorn

Philip van Doorn looks at the financial solvency of Buckeye State institutions.

Related Topics: Markets | Bonds/Economy | Budget-Debt | Financial Services | Ratings | Saving | Personal Finance | Banking-Credit | Money Management | Retirement | Banks

11:04AM 07/14/08

IndyMac Wreck Could Lead to S&L Pile-Up

By Philip van Doorn

Washington Mutual and Downey Financial are prime candidates for similar action from the Office of Thrift Supervision.

Related Topics: Earnings | Financial Services | Banks

01:25PM 07/08/08

Is Your California Bank Financially Safe?

By Philip van Doorn

Philip van Doorn looks at how well-capitalized banks are in the Golden State.

Related Topics: Budget-Debt | Banks | Bonds/Economy | Saving | Financial Services | Personal Finance | Money Management | Retirement | Banking-Credit | Family and Love

03:20PM 07/02/08