Topic: Wachovia Corporation

Three major U.S. banks - including Fifth Third Bancorp. The funds were invested the premiums from so-called "Bank Owned Life Insurance Vehicles," or BOLIs, which are designed to pay off when key employees die.. Like most life-insurance-type policies, BOLI policies contain both ...

Deadbeat Homeowners Hit The Road

There was a time in America when losing your home to the mortgage lender was about the worst financial calamity that could befall a person. In March, according to foreclosure database RealtyTrac, foreclosures rose 54.0% year-over-year, but bank repossessions surged at double ...

New Ways to Save

THE DAYS OF earning 4% or more in a savings account aren't over quite yet.. However, a few big-name banks, such as Wachovia and Washington Mutual, are aiming to buck that downward trend. Like their high-yield reward checking counterparts, they come with ...
Shares of CarMax (KMX) fell 7% Wednesday after the used-car retailer's earnings missed Street targets and it warned of flat comparable sales and a challenging economic environment. Income at the firm's CarMax Auto Finance [CAF] unit fell 49% to $16.3 million from ...
Shares of CarMax (KMX) fell 7% Wednesday after the used-car retailer's earnings missed Street targets and it warned of flat comparable sales and a challenging economic environment. Income at the firm's CarMax Auto Finance [CAF] unit fell 49% to $16.3 million from ...