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  1. Town and Country Financial Corporation reported third-quarter 2008 net income of $103 thousand, or $0.04 per share, including an $878 thousand charge for Other than Temporary Impairment on Fannie Mae and Freddie Mac preferred securities, following the government's conservatorship of those entities, a gain of $464 thousand on the sale of equity securities, and a $215 thousand benefit from ...
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  2. UPDATE 1-Kaupthing CDS initial value sr at 5.6%, sub 1.4% Reuters - 5 hours ago Auction administrators Markit and Creditex are set to announce the final settlement price for Kaupthing senior debt at 1400 GMT and for its subordinated ... Auction sets Glitnir CDS payout over 97 pct guardian.co.uk Landsbanki Settlement Price Surprises Derivatives Week SCI Bulletin: CLO collateral managers scrutinised Structured Credit Investor (subscription) Hemscott  - guardian.co.uk all 74 news articles
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  3. Voters in two states voted to restrict payday lending Tuesday, a blow to Spartanburg-based Advance America, Cash Advance Centers — the nation’s largest payday lender. Ohio voters approved a payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of loans customers can take to four per year. Arizona voters rejected extending that state’s ...
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  4. Nov. 11 (Bloomberg) -- American Express Co. , the credit-card company that relied most on the capital markets for fundraising, fell 5.1 percent in New York trading on concern that defaults will continue to rise as the economic slump deepens.
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