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CIT has $1.07 billion loss before bankruptcy (Reuters)

Reuters – CIT Group Inc , the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. Read the original: CIT has $1.07 billion loss before bankruptcy …

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Hanmi Financial posts hefty loss, is ordered to raise $100 million

The Los Angeles-based parent of the largest bank focused on the Korean American market loses $59.7 million in the third quarter. Regulators give it till July 31 to raise the needed capital. Hanmi Financial Corp., which owns the largest bank focused on the Korean American market, reported another large quarterly …

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Judge fast tracks CIT bankruptcy plan hearing

NEW YORK (Reuters) – A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc’s reorganization plan, aiding the large commercial lender’s effort to emerge from bankruptcy by year’s end. Read more here: Judge fast tracks CIT bankruptcy plan hearing

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General Growth retail net operating income falls

NEW YORK (Reuters) – General Growth Properties Inc , the large U.S. mall operator that filed for bankruptcy in April, on Tuesday reported a 2.1 percent decline in quarterly net operating income from its retail properties, citing weakness in the economy and falling occupancy rates. Read this article: General Growth …

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General Growth retail net operating income falls (Reuters)

Reuters – General Growth Properties Inc , the large U.S. mall operator that filed for bankruptcy in April, on Tuesday reported a 2.1 percent decline in quarterly net operating income from its retail properties, citing weakness in the economy and falling occupancy rates. Visit link: General Growth retail net operating income falls …

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Amex, Capital One card losses dampen results

NEW YORK (Reuters) – American Express Co and Capital One Financial Corp said rising customer delinquencies reduced second-quarter earnings, and shares of the large U.S. credit card issuers fell after hours More: Amex, Capital One card losses dampen results

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