Tag Archives: Financial services

CHARLESTON, W.Va. (AP) — A Virginia bank says it will delay plans to auction off land at West Virginia Gov. Jim Justice’s posh resort in an attempt to recover more than $300 million on defaulted business loans by the governor’s family. In a filing Friday in Greenbrier County Circuit Court, Carter Bank & Trust of Martinsville, Virginia, said it will …

NEW YORK (AP) — New York Community Bancorp tried to reassure investors Wednesday that it is financially sound, a day after the bank’s credit rating got downgraded to “junk.” Shares of NYCB recovered from steep losses earlier in the day to close with a gain of 6.7%, but are still down nearly 57% over the past week, Last Wednesday, the …

BANGKOK (AP) — A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday after the announcement by Central Huijin Investment, whose subsidiaries include Chinese …