Fitch Affirms JPMorgan Chase’s Ratings; Outlook Stable
NEW YORK—-Fitch Ratings has affirmed its ratings for JPMorgan Chase & Co as follows:
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Fitch Downgrades COMM 2006-CNL2; Assigns Outlooks & Recovery Ratings
NEW YORK—-Fitch Ratings has downgraded 13 classes of COMM 2006-CNL2, reflecting Fitch’s base case loss expectation of 7.3%. Fitch’s performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines.
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Western Asset Global Corporate Defined Opportunity Fund Inc. as of June 30, 2010
NEW YORK—-Western Asset Global Corporate Defined Opportunity Fund Inc. announces its portfolio composition as of June 30, 2010.
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Fitch Affirms Wells Fargo & Company, Inc.; Outlook Stable
CHICAGO—-Fitch Ratings has affirmed Wells Fargo & Co., Inc’s. ratings, including its long- and small-term Issuer Default Ratings at ‘AA-’ and at ‘F1+’, respectively. The Rating Outlook for WFC remains Stable.
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HMN Financial, Inc. Announces Second Quarter Results
ROCHESTER, Minn.—-HMN Financial, Inc. : Second Quarter Summary • Net loss of $7.8 million compared to net loss of $9.2 million in second quarter of 2009 • Diluted loss per common share of $2.20 compared to diluted loss per common share of $2.62 in second quarter of 2009 • [...]
Fitch Downgrades 10 Classes of MSCI 2007-XLF; Revises Recovery Ratings
CHICAGO—-Fitch Ratings has downgraded 10 classes from the pooled part of MSCI 2007-XLF, reflecting Fitch’s base case loss expectation of 0.7%. Four non-pooled junior participation certificates were also downgraded to reflect Fitch’s updated analysis on the loan.
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Wells Fargo Introduces Enhanced Identity Theft Protection
SAN FRANCISCO—-Wells Fargo today announced the availability of Enhanced Identity Theft Protection, which provides customers an simple way to monitor their credit and check for inaccuracies that may indicate identity theft.
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FSCM Bank Announces the Acquisition of Milestone Mortgage
NEW ORLEANS—-First Southern Capital Mortgage Bank announced today the signing of a definitive agreement with Aviation Mortgage Partners, Inc , Manhattan Beach, CA, a retail mortgage originating firm established in their market for over 10 years, for the acquisition of AMP’s Milestone Mortgage division.
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Wells Fargo Announces $1 Million in Funding to Support U.S. Expansion of Grameen America
SAN FRANCISCO—-Wells Fargo & Company and Grameen America today announced a $1 million equity-equivalent investment by Wells Fargo in Grameen America, a non-profit microfinance organization located in the U.S.
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Umpqua Holdings Reports First Quarter 2010 Results
PORTLAND, Ore.—-Umpqua Holdings Corporation , parent company of Umpqua Bank and Umpqua Investments, Inc., today announced first quarter 2010 net income of $9.7 million, compared to a net loss of $15.2 million for the same period in the prior year.
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