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By now, the $2.7 billion in profits that JP Morgan reported last week are starting to fade into the ether. After all, during earnings season, it’s hard to keep track, even when it comes to the bigger names.
But we were far more interested in the second quarter slideshow that JPMorgan Chase filed with the SEC [...]
Normally, the FDIC waits until Friday to close a troubled bank. But apparently, they couldn’t wait any longer on BankUnited, announcing yesterday that the bank was now being run by the FDIC in what has been described as this year’s biggest failure.
Having spent several years in Florida, I was familiar with the bank and footnoted [...]
It’s no secret that housing prices in places like Riverside County, Ca. have fallen sharply, in part due to a wave of foreclosures that at least according to this article has one out of every eight homeowners facing foreclosure. Indeed, the county is working hard to avoid more foreclosures.
Still, the 8K that Circor (CIR) filed [...]
I’ve been down in Bradenton, Florida the past few days where I started my career as a journalist. After spending the weekend walking door to door to get out the vote for Barack Obama, I’m now turning my attention to reporting and plan to attend the daily 11 a.m. foreclosure sale run by the Manatee [...]
It’s no secret that San Diego is awash in foreclosures. Indeed, Realty Trac lists 18,885 bank-owned homes in the county and another 12,041 in pre-foreclosure. Given that kind of distressed supply, prices have fallen dramatically — about 30 percent, according to this report.
So perhaps it’s not all that surprising that when Sunpower (SPWRA) announced yesterday [...]
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