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Discreditable reports: are bankers letting racism interfere with profits? Now that would be news - how a Washington Post three-part report, June 6-8, 1993,
The Washington Post abused facts about mortgage loans to African Americans to show that banks favor white applicants. Banks make loans based upon credit ......(Continue Reading)BB&T Corp. to purchase First Virginia Banks Inc. for 4.21 times revenue
The Deal: BB&T Corporation has agreed to acquire First Virginia Banks for $3.38 billion in stock. Under the terms of the agreement, BB&T will pay 1.26 ......(Continue Reading)Savings institutions - Industry Overview
The savings industry has moved from losses to profitability, but credit quality continues to hamper the industry. Problem loans remain historically high, suggesting that difficulties are not entire...(Continue Reading)Another S&L crisis looms: Congress has a plan to shore up an underfunded insurance pool, but banks are lobbying against it - savings and loan banks
The federal insurance fund for thrifts is based on the sale of bonds. The interest is paid by assessments of thrift accounts. Mergers of thrifts into commercial ......(Continue Reading)1980s AD - Decade
Savings and loan bank (S&L) failures were due to their economic policies that were created in the 1930s. This put the burden of financial liability on taxpayers rather than on the firms' investors. It...(Continue Reading) |
