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Insurers OK'd To Buy Lenders In Bid To Gain Bailout Money
Hartford Financial Services Group Inc. and Lincoln National Corp. won approval to buy lenders, a step by the insurers toward getting investments from the U.S. government, the Office of Thrift Supervision said Friday. ...more
January 10, 2009
Hartford Financial To Cut 500 Jobs
Hartford Financial Services Group Inc. said it will cut 500 jobs this month or about 2 percent of its total work force, citing losses in its investment portfolios and declining revenue. ...more
November 5, 2008
Bank Of America, Wachovia Predict More Loan Losses
More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be disappointing. ...more
December 13, 2007
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