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• Fannie Mae unveils management shakeup
But banking industry consultant Bert Ely, a longtime Fannie and Freddie critic, was unimpressed by the changes, noting that the company promoted current executives, rather than hiring from outside.
• Gustav intensifies, threatens Caymans
The Cayman Islands government released all civil servants from work and the offshore banking sector said it was ready. "It's not worth our lives to sit out a hurricane," said tourist Ann Railey of Atlanta, as she prepared to leave.
• Thursday's Biggest Winners and Losers
Very healthy growth, diversified markets, and one of a limited number of players in Irish banking. Despite the utter panic that seems to be gripping investors at the moment not every bank in the world will fail, and those that are healthier now will ...
• FBR: Gateway Financial exposed to Fannie, Freddie
Concerns have been mounting in recent weeks that a potential government bailout of the troubled mortgage finance companies could be rather costly for the scores of investment, banking and insurance companies that hold billions of dollars in their ...
• Gulf Coast watches as Gustav nears Jamaica
Gustav's projected track pointed directly at the Cayman Islands, an offshore banking center where residents boarded up homes and stocked up on emergency supplies.