http://www.caymanmama.com Press Release Distribution - NewsWire- Caymanmama.com Thu, 20 Nov 2008 22:32:36 +0000 http://backend.userland.com/rss092 en GMAC Financial Services files for bank holding status Milwaukee, Wisconsin (CaymanMama.com) -- In a last ditch attempt for it's General Motors' financing branch to become eligible for financial assistance under the bank rescue plan, GMAC Financial Services has submitted application to become a bank holding company, an Associated Press report ... http://www.caymanmama.com/2008/11/20/gmac-bank-holding-company_200811203572.html Federal bank regulators deny a debt forgiveness plan requested by financial industry interest groups Syracuse, New York (CaymanMama.com) -- In light of the recent bailout plans for the mortgage and auto industries, it seems one aspect of the economic crisis will not be sent aid. In a recent report by the Associated ... http://www.caymanmama.com/2008/11/13/debt-forgiveness-plan-rejected_200811133527.html JPMorgan Chase formally announces a freeze on foreclosures for the next 90 days. Jacksonville, Florida (CaymanMama.com) -- Always staying one step ahead of the game, JPMorgan Chase formally announced on October 31st that they will be "ramping up" efforts in the betterment of the nationwide foreclosure problem by restructuring loans ... http://www.caymanmama.com/2008/11/04/jpmorgan-chase-foreclosure-freeze_200811043452.html Credit card company American Express is being investigated about merchant surcharging and policies Houston, Texas (CaymanMama.com) -- In a breaking news report by the Associated Press, American Express is being put under investigation by the Justice Department and are being required to turn over information about their policies related to merchant ... http://www.caymanmama.com/2008/10/31/american-express-under-investigation_200810313438.html New York's attorney general is asking nine banks to hand over financial reports Manhattan, New York (CaymanMama.com) -- In a breaking business news story by the Associated Press, news comes from New York on Wednesday indicating the the New York attorney general is holding banks accountable for their expenses. Andrew Cuomo, ... http://www.caymanmama.com/2008/10/29/new-york-attorney-general-business_200810293425.html Jackson, Mississippi (CaymanMama.com) -- In a breaking news story by the Associated Press, Wells Fargo Bank is seeking to acquire Wachovia for a price tag of $15.1 billion, but Citigroup is making demands that Wachovia call the deal off. According to the report, Wachovia Bank has said that it agrees to ... http://www.caymanmama.com/2008/10/03/wells-fargo-buy-wachovia_200810033249.html WAMU Website - Now Chase states. "We're proud to welcome you to one of the nation's largest banks; as of September 25, 2008, JPMorgan Chase & Co. has acquired the deposits, loans, ... http://www.caymanmama.com/2008/09/26/wamu-folds-sold-jpmorgan-chase_200809263220.html The President of the World Bank has urged an immediate curb on surging food prices to fight the problem of hunger and the resulting violence in many countries. Robert Zoellick has said that the international communities have to come forward and “to put our money where our mouth is” ... http://www.caymanmama.com/2008/04/14/world-bank-hunger_200804141557.html Milwaukee, Wisconsin (A P): CheckFree Corp., a service provider of online banking, has rolled out a technology which means that consumers can deposit checks into their bank branches without a need to go to the bank. The technology of (CRDC) Called Remote Deposit Capture has been about for a long ... http://www.caymanmama.com/2008/02/11/checkfree-crdc-technology_20080211603.html Grand Cayman - February 9, 2008 -- Bank Austria Cayman Islands Ltd. established as one of the leading offshore banks operating in the Cayman Islands over the last ten years has changed its name. The bank’s new name is UniCredit Bank Cayman Islands Ltd. which now reflects its new association ... http://www.caymanmama.com/2008/02/09/bank-austria-cayman-islands-ltd-changes-name_20080209589.html New York US is facing the threat of recession in the economy and in a bid to save it, Federal Bank announced a second interest –rate cut in a week and reduced a key short-term interest rate by a half-percentage point on Wednesday.Other interest rate reductions were also seen with ... http://www.caymanmama.com/2008/01/31/federal-bank_20080131415.html With a sudden fall in the Wall Street, investors are curious to know what measures can mend this fall and the only answer that market experts has with them is time. No corporate earning report, economic data, tax plan by government or move by Federal Reserve is expected to provide ... http://www.caymanmama.com/2008/01/21/us-banking-crisis_20080121270.html RICHMOND, Va. Friday, the President of the Richmond Federal Reserve said that in year 2008 the Economic growth is predictable to be fragile with decline in the market of housing and a distinguished slowdown in the business spending to elevate the chances of recession.Further cuts in interest rate are also ... http://www.caymanmama.com/2008/01/20/recession_20080120265.html WASHINGTON - On Friday, President Bush proposed a provisional tax-relief package as a measure to give a boost to the slowly increasing economy of the nation. Bush commented in White House that the economy of the nation is on the verge of taking a downturn, so Congress must take ... http://www.caymanmama.com/2008/01/20/tax-cut_20080120259.html New York: Expanding the 2008 sell off on depreciation worries, Stocks fell down on Thursday, a big quarterly loss by Merrill Lynch following remarks by Federal Reserve Chairman Ben Bernanke followed by weak reading in the sectors of manufacturing and housing as well. The outlook of economy has deteriorated and the lawmakers ... http://www.caymanmama.com/2008/01/18/wall-street-faces-another-vicious-day_20080118251.html