Downey Financial Corp. (DSL) is in the Financial Services Industry

• Sort by
• View by Content Type
• View Related Content by Tag

• Wachovia, National City Tumble on Bailout, WaMu

  By Juan Lagorio and Jonathan StempelNEW YORK (Reuters) - Wachovia Corp WB and National City Corp NCC shares tumbled as talks on a $700 billion government bailout of the financial sector stalled and regulators seized Washington Mutual Inc WM.Investors fear a collapse of bailout talks could prolong the freeze in...

  News items 2008-09-26

  Tags: Bank, Washington Mutual Inc., J.P. Morgan Chase & Co., Wachovia Corp., Citigroup Inc., Downey Financial Corp., National City, National City Corp.

• Wachovia, National City Shares Tumble on Bailout, WaMu

  By Juan Lagorio and Jonathan StempelNEW YORK (Reuters) - Shares of Wachovia Corp WB and National City Corp NCC tumbled on worries about heavy mortgage losses, as talks on a $700 billion financial sector bailout bogged down and regulators seized Washington Mutual Inc WM in the largest bank failure in...

  News items 2008-09-26

  Tags: Bank, Washington Mutual Inc., J.P. Morgan Chase & Co., Wachovia Corp., Financial Services, Mortgages, Downey Financial Corp., National City Corp.

• The Option Arm Triplets: Dead Banks Walking

  Greg Weston submits: I am continually surprised that people are willing to hold, at any price, the common stock of regional Option-ARM mortgage disasters Downey Financial DSL, BankUnited Financial Corporation BKUNA, and FirstFed Financial FED.  They are dead banks walking. The big investment banks, money center banks, insurance companies, and...

  External links 2008-08-28

  Tags: Financial, Downey Financial Corp., Firstfed Financial Corp.

• 10 Financial Entities On the Brink

  Michael Shedlock submits: Clearly Lehman LEH is on the brink of disaster. On Wednesday, the Financial Times was reporting Lehman’s secret talks to sell 50% stake stall. by Michael Shedlock

  External links 2008-08-22

  Tags: Financial, Ambac Financial Group Inc., Corus Bankshares Inc., Downey Financial Corp., Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc., MBIA Inc., Merrill Lynch & Co. Inc., Regions Financial Corp., Wachovia Corp., Washington Mutual Inc.

• Why Downey Financial is Not IndyMac

  Christopher Whalen submits: The IRA is on the road part of this week in Oslo for our talk on Monday, "Do OTC Credit Derivatives Increase or Reduce Risk?"  But we wanted to comment on Downey Financial (NASDAQ:DSL) before we head to EWR.  We've been getting lots...

  External links 2008-08-17

  Tags: Financial, Downey Financial Corp.

• Another Leg Down for Financials Is Coming

  Colin Peterson submits: I think there will be at least one more big leg down. I see numerous potential catalysts; here are two:CFC or the creditors file a BK petitionbank failures, e.g. VNBC, BKUNA, and DSL Check out the deterioration in the enormous CFC option-ARM portfolio.  (Calculated Risk did...

  External links 2008-08-14

  Tags: Financial, Countrywide Financial Corp., Downey Financial Corp., Vineyard National Bancorp

Additional Resources

• Downey Names Charles R. Rinehart Chief Executive Officer

  NEWPORT BEACH, Calif., Sept. 22 /PRNewswire-FirstCall/ -- Downey Financial Corp. today announced that Charles R. Rinehart, 61, has been appointed as Chief Executive Officer of the Company and Downey Savings and Loan Association, F.A., effective September 23,2008. Mr. Rinehart has also been appointed to the Board of...

  Articles 2008-09-22

• Stocks on the Move: Citigroup, Wachovia, AIG, Goldman Sachs

  The following companies are having unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 11:40 a.m. in New York. Financial companies jumped after the U.S. Treasury and Federal Reserve announced efforts to halt the credit-market seizure and British...

  Articles 2008-09-19

• Downey Financial Corp. Announces Thirteen Month Selected Financial Data

  NEWPORT BEACH, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Downey Financial Corp. today released monthly selected financial data for the thirteen months ended August 31, 2008. Downey Financial Corp. is the parent company of Downey Savings and Loan Association, F.A., with assets of $13.9 billion and 169 branches...

  Articles 2008-09-18

• Paul M. Homan Appointed to Downey Financial Board of Directors

  New Director Brings Extensive Banking, Turnaround and Regulatory Experience NEWPORT BEACH, Calif., Aug. 21 /PRNewswire-FirstCall/ -- Downey Financial Corp. ("Downey") today announced it has appointed Paul M. Homan to the Boards of Directors of Downey and Downey Savings and Loan Association, F.A. Mr. Homan's appointment...

  Articles 2008-08-21

• Downey Financial Corp. Announces Thirteen Month Selected Financial Data

  NEWPORT BEACH, Calif., Aug. 15 /PRNewswire-FirstCall/ -- Downey Financial Corp. today released monthly selected financial data for the thirteen months ended July 31, 2008. Although, as previously reported, Downey experienced elevated levels of deposit withdrawals in July, deposit flows so far in August have stabilized. In...

  Articles 2008-08-15

• Once strong Downey Savings facing failure

  Downey's Prospects Dismal: Downey Savings and Loan, based in Newport Beach and with five branches in the county, could be the next savings bank to fail. On July 25, Moody's Investors Service downgraded the thrift a notch from D+ to D. That leaves two notches in Moody's rating...

  Articles 2008-08-04

• Real Estate-Related Companies Down by $1.8B

  FINANCE: Downey, Grubb & Ellis, First American see tough road ahead The real estate and mortgage slump has made it a year to forget for stockholders of Downey Financial Corp., First American Corp. and Grubb & Ellis Co. And there are signs there's still plenty of...

  Articles 2008-07-28

• EXECUTIVE SUMMARY

  This past week's news from www.ocbj.com and other sources TOP STRORIES Newport Beach-based savings and loan operator Downey Financial Corp. reported a big second-quarter loss, hired an investment bank to consider its options and saw longtime chairman Maurice L. McAlister step aside. The company reported a $218.9 million...

  Articles 2008-07-28

• Downey Announces Board and Management Changes

  Thomas E. Prince Appointed Interim CEO to Succeed Daniel D. Rosenthal Michael D. Bozarth and Gary W. Brummett Appointed Chairman and Vice Chairman, Respectively, Following Retirement of Founder Maurice L. McAlister NEWPORT BEACH, Calif., July 24 /PRNewswire-FirstCall/ -- Downey Financial Corp. ("Downey" or "the...

  Articles 2008-07-24

• Downey Announces Second Quarter 2008 Results

  NEWPORT BEACH, Calif., July 24 /PRNewswire-FirstCall/ -- Downey Financial Corp. reported a net loss for second quarter 2008 of $218.9 million or $7.86 per share on a diluted basis, compared with net income of $32.7 million or $1.17 on a diluted basis per share in the year-ago second...

  Articles 2008-07-24

• Downey Financial Corp. Declares Quarterly Dividend

  NEWPORT BEACH, Calif., July 23 /PRNewswire-FirstCall/ -- Downey Financial Corp. announced today that the Board of Directors declared a quarterly cash dividend of $0.01 per share payable on August 21, 2008, to shareholders of record on August 7, 2008. Downey Financial Corp., with assets of $12.6...

  Articles 2008-07-23

• Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Downey Financial Corporation

  Attorney Advertising. Notice is hereby giventhat a class action has been commenced in the United States District Courtfor the Central District of California on behalf of purchasers of thecommon stock of Downey Financial Corporation ("Downey" or the "Company")(NYSE: DSL) between October 16, 2006 and March 14, 2008 (the...

  Articles 2008-06-13

• EXECUTIVE SUMMARY

  This post week's news from www.ocbj.com and other sources TOP STORIES Broadcom Corp. cofounder and former chief executive Henry Nicholas was indicted on federal charges related to the backdating of stock options at the chipmaker and suspicion of violating drug laws. The widely expected indictments charge Nicholas...

  Articles 2008-06-09

• Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed Against Downey Financial Corporation (NYSE: DSL)

  A shareholder class action lawsuit has beenfiled in the United States District Court for the Central District ofCalifornia against Downey Financial Corporation ("Downey " or the"Company") (NYSE: DSL) and certain of its officers and directors on behalfof purchasers of Downey common stock, who purchased or sold between October16, 2006 and...

  Articles 2008-05-29