Entries tagged "Chevy Chase"
The latest layoff rumors and reports include Goldman Sachs Group, Bank of America and Chevy Chase Bank.
Earlier in the week, Dealscape speculated that should troubled U.K. bank the Royal Bank of Scotland Group plc sell its U.S. retail banking business, Citizens Financial Group, Capital One Financial Corp. would be a natural fit. McLean, Va.-based Capital One was flush with $3.5 billion from a U.S. Treasury capital injection via the Troubled Asset Relief Plan, and additional deposits could help the firm ride out the recession, which will undoubtedly batter its credit card business. A Citizens purchase also made sense geographically. The logic was half right. Capital One was on the prowl, and it just opted for...
Stocks opened lower Thursday after reports indicated factory orders dropped and layoffs are rising, but the market quickly started bouncing back. The Dow was up 12.58 points at 8,604.27, the S&P 500 was up 2.10 points at 872.84, and the Nasdaq was up 1.67 points at 1,494.05. Bank stocks were mostly in the positive, climbing slowly....
