Thrifts lost $5.4B in second quarter
U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday...
View ArticleAstoria shares fall on missed earnings
Shares of Astoria Financial tumbled more than 13 percent Thursday afternoon after the thrift posted fourth-quarter profit far below analyst’s estimates. The thrift’s stock price fell to $9.86 per...
View ArticleFor local banks, more tough tests to come
Long Island’s banks have so far dodged the worst recession-related losses, but bad news is on the way. Bank analysts said loan defaults could spike as job losses mount. Laid off workers will struggle...
View ArticleUS thrifts earn $4M in 2Q; 40 on ‘problem’ list
U.S. thrifts eked out a $4 million profit in the second quarter, but the number of troubled institutions continued to rise, the government said Wednesday. The Office of Thrift Supervision said the...
View ArticleQuontic Bank rises from Great Neck thrift
Golden First Bank, a Great Neck thrift that has struggled since the start of the recession, has finally been thrown a lifeline. Local mortgage entrepreneur Steven Schnall, who founded and was former...
View Article
