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Feds seize 2 Southern California banks - 56 minutes ago - LOS ANGELES Federal regulators seized Downey Savings Loan and PFF Bank Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. The 0133 : Santa Rosa Press Democrat

Make first-home buyers' grants like HECS loans, says 0133 - 4 hours ago - FIRST-HOME buyers' grants should be axed and replaced with HECS-style interest-free government loans, Australia's key architects' body says. Archicentre, a national advisory service for the Australian Institute of Architects, wants the 0133 : News.com.au

Homes all locked up as banks close ranks - 4 hours ago - New home buyers are facing high borrowing barriers despite falling interest rates as the credit crisis breaks loose on the nation's real economy. The Commonwealth Bank of Australia became the latest of the primary Australian banks to 0133 : New Zealand Herald

FDIC lays out broad home loan modification plan - 11/13/2008 - WASHINGTON Reuters - The federal agency that insures most U.S. bank deposits unveiled a plan to prevent about 1.5 million home mortgage foreclosures by promising to share any losses with mortgage companies that agree to refinance certain 0133 : Boston Globe

National Guard troops return to Arizona in hard times - 41 minutes ago - Wilma Felan beamed with pride and relief watching the hangar doors roll open like a stage curtain to reveal her son's National Guard unit standing front and center. We're very proud of them, and we missed them dearly, she said. It's been 0133 : AZCentral.com

Regulators Close Downey, Other Banks - 2 hours ago - Three more U.S. financial institutions failed Friday, bringing to 22 the number of banks and savings and loans that have collapsed this year. The Office of Thrift Supervision closed Downey Savings Loan held by Downey Financial Corp. DSL 0133 : Street.Com

Spending cuts won t target flood relief - 1 hour ago - DES MOINES Iowa Gov. Chet Culver s call for state spending cuts doesn t apply to Iowa s disaster rebuilding efforts and won t reduce the funding available to disaster victims, officials said Friday. Culver asked state agencies this week 0133 : Waterloo Cedar-Falls Courier

Teba Bank still eyes Meeg if Absa is interested - 6 hours ago - IF TEBA Bank were to purchase Meeg Bank from Absa, the acquisition would help diversify Teba s asset base, which at the moment is geared towards deposits and money-market investments. Teba Bank has not given up the chase for Meeg, but the 0133 : Beeld