Saturday, November 8, 2008

Steven Wevodau - Regulators shut banks in Texas, California - FOX News

WASHINGTON — Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed receiver Steven Wevodau

Nov. 8 (Bloomberg) -- Billionaire Warren Buffett 's Berkshire Hathaway Inc. posted a fourth straight profit drop, the longest streak of quarterly declines in more than a decade, as hurricanes hurt returns at insurance operations and investments lost Steven Wevodau

WASHINGTON — Two insurance companies have said they will not participate in the government's rescue program to directly invest billions in financial companies. Some insurers likely would be eligible under the Treasury Department's expanding plan or Steven Wevodau

NEW YORK ( -- The tally of failed banks in 2008 rose to 19 as the government announced that a Texas and a California bank had been shuttered Friday night. Franklin Bank, a Houston, Texas-based bank and Security Pacific Bank, a Los Steven Wevodau

NEW YORK, Nov 7 (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts Steven Wevodau

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