Lehman to Merge Two Residential Mortgage Units
679275
The investment bank said BNC Mortgage will be combined with Aurora Loan Services into a single residential mortgage business, cutting 400 jobs.
702666
Lehman Brothers sees a tough future for the home lender.
578003
Countrywide Financial Corp ,  the largest U.S. mortgage lender, on Tuesday offered to  refinance or restructure up to $16 billion of adjustable-rate  mortgages through the end of 2008.
31610
Bank of America Corp said on Friday it agreed to acquire battered mortgage lender Countrywide Financial Corp in a $4 billion transaction that could help avert one of the biggest collapses from the U.S. housing crisis.
679411
Investment bank Lehman Brothers  Holdings Inc. is negotiating to buy GLG Partners, a large  British hedge fund, the Wall Street Journal reported on  Thursday, citing unnamed sources.
559148
Bank of America agrees to acquire struggling mortgage firm Countrywide Financial, which has been hit by the credit crisis.
26282
The Nationwide and Portman building societies are to merge, creating a mutual body with assets of more than Â£150bn.
707077
Wall Street brokerage house Lehman Brothers Holdings Inc. is close to reaching a deal to pay about $220 million to settle a class-action lawsuit alleging that it and other big brokerage firms participated in a scheme with Enron Corp.
685858
Bank of New York Co.  said on Monday it will buy Mellon Financial Corp.  for $16.5 billion, combining two storied names in American finance to create a powerhouse in custody services for institutional investors and one of the biggest asset managers.
358556
Freddie Mac (FRE.N: Quote, Profile, Research) , the No. 2 US mortgage finance company, on Monday said it will restructure its securities and sales trading group as part of an effort to streamline its business operations.
341840
The Nationwide and Portman building societies announce they are to merge.
502079
Nationwide, the nation's biggest mutually-owned bank, is to merge with smaller bank Portman, to create a new financial services group with more than 150 billion pounds in assets, the two groups have announced in a statement.
375773
Credit Suisse Group announced that it would integrate its Credit Suisse First Boston investment banking arm into the parent company over the next two years.
135755
Bond insurers may be split into two businesses -- one to guarantee municipal bonds and the other to back riskier securities linked to troubled mortgages -- in what would be the biggest overhaul of the industry since it was created almost four decades ago.
164769
Investment bank Lehman Brothers Holdings Inc  on Thursday said it would stop wholesale mortgage lending amid a continued slump in credit and housing markets, a move that will impact 1,300 jobs and result in a $40 million charge.
652124
Lehman Brothers Holdings will cease wholesale mortgage lending in the United States, a move that includes 1,300 job cuts.
362467
Two investment companies that for years have catered to the Washington-Baltimore region's wealthiest families and individuals are merging, according to executives for the firms.