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Loans

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  • Watchdog: Don't wait to cut debt: Front & Center

    Watchdog: Don't wait to cut debt: Front & Center
    There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise their borrowing costs and cut economic growth. Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, told us in an email interview that putting off action to reduce deficit spending will only make solutions more painful. Excerpts of the interview follow. A full transcript is online at OrlandoSentinel.com/Opinion.
  • Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion

    Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion
    OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have owned...

    Cellmate: Ex-prison doc talked about shooting judge

    PHILADELPHIA — The long, strange story of Dr. Erik von Kiel took a sinister turn Tuesday as his cellmate testified about the former Lehigh County Jail doctor's jailhouse talk of intimidating witnesses and assassinating a federal judge. Von Kiel,...

    CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...

    The Huntington adds highlights to its American collection

    The Huntington adds highlights to its American collection
    Gainsborough's "Blue Boy," Thomas Lawrence's "Pinkie," landscapes by Constable and Turner: British art from the 17th, 18th and 19th centuries will always be a hallmark of the Huntington Library, Art Collections, and Botanical Gardens in San Marino. Yet...