Washington Federal Inc. (WFSL) is in the Financial Services Industry

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• Ten Banks That Will Be Hurt by the Takeover of Fannie and Freddie

  The government takeover of Fannie Mae FNM and Feddie Mac FRE should be a positive for most banks.  The deal will lower mortgage rates and will also allow the Treasury Department to purchase mortgage-backed securities from firms in the open market.  That will allow a lot of mortgage paper that is currently clogging the system to start...

  External links 2008-09-08

  Tags: Financial, Astoria Financial Corp., Associated Banc-Corp., Cathay General Bancorp, City National Corp., East West Bancorp Inc., Flushing Financial Corp., Financial Institutions Inc., Fifth Third Bancorp, Fannie Mae, Freddie Mac, Frontier Financial Corp., Gateway Financial Holdings Inc., J.P. Morgan Chase & Co., Midwest Banc Holdings Inc., M & T Bank Corp., New York Community Bancorp Inc., Synovus Financial Corp., Sovereign Bancorp Inc., Valley National Bancorp, WestAmerica Bancorporation, Washington Federal Inc.

• A Few Banks We Like: NTRS, USB, WFSL, SCHW, BOH

  Christopher Whalen submits: Integrity Bank, Alpharetta, Georgia, with $1.1 billion in total assets and $974.0 million in total deposits as of June 30, 2008, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation was named receiver. The FDIC Board of...

  External links 2008-09-02

  Tags: Financial, Bank of Hawaii Corp., Northern Trust Corp., Charles Schwab & Co. Inc., Washington Federal Inc.

Additional Resources

• Evidence excluded in Stevens trial

  WASHINGTON -- The federal judge presiding over the corruption trial of Sen. Ted Stevens dealt a sharp blow to the prosecution Wednesday by excluding some evidence because he said Justice Department prosecutors used documents that they knew contained lies. Judge Emmet G. Sullivan of U.S. District Court...

  Articles 2008-10-09

• FDIC seeks more fees from banks to insure consumer deposits

  WASHINGTON -- The Federal Deposit Insurance Corp. Tuesday proposed doubling the fees it charges banks to protect consumer deposits, predicting its reserve fund could take a $40 billion hit through 2013 as more troubled lenders fail. The FDIC insures bank deposits, including personal savings accounts and certificates of...

  Articles 2008-10-08

• Budget deficit hits record $438 billion, CBO says

  WASHINGTON -- The federal budget deficit hit a new record in the just-completed 2008 budget year under the latest estimates from the Congressional Budget Office. The record $438 billion shortfall for the budget year that ended last week is up from $162 billion posted last year. The...

  Articles 2008-10-08

• Frantic Fed buying more debt

  WASHINGTON -- The Federal Reserve reached deeper into its bag of tricks Tuesday to slow the financial crisis. Wall Street was not amused. Frantically trying to thaw frozen lending and get the economy moving again, the Fed for the first time said it would lend directly to...

  Articles 2008-10-08

• Fed steps in with cash to calm markets

  WASHINGTON -- The Federal Reserve and the Treasury Department struggled to ease severe credit pressures Monday that threatened to bring down the global economy, including doubling to $900 billion the amount of cash available to banks through a Fed lending program. But the moves, along with the Fed's...

  Articles 2008-10-07

• Federal Spending Increased 4.4 Percent in 2007

  WASHINGTON -- The federal government allocated $2.56 trillion in domestic spending for fiscal year 2007, up 4.4 percent from 2006, according to the U.S. Census Bureau. This and additional information on federal funding is included in two new reports being released today. Consolidated Federal Funds Report: 2007 provides a broad...

  Articles 2008-10-02

• Bernanke warns of bleak results if Congress balks

  WASHINGTON -- Federal Reserve Chairman Ben Bernanke warned Tuesday that the economy could plunge into a prolonged downturn if Congress doesn't pass a $700 billion plan to rescue the financial sector. "If the credit markets are not functioning ... jobs will be lost, the unemployment rate will rise,...

  Articles 2008-09-24

• FDIC Rolls Out Deposit Insurance Awareness Campaign

  Personal Finance Expert Suze Orman Featured in PSAs WASHINGTON -- The Federal Deposit Insurance Corporation FDIC today launches a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The campaign's public service announcements PSAs will feature personal finance expert Suze Orman. ...

  Articles 2008-09-22

• Washington Federal Declares 103rd Consecutive Cash Dividend

  The Board of Directors of Washington Federal,Inc. (NASDAQ: WFSL), parent company of Washington Federal Savings, todayannounced a quarterly cash dividend of 21 cents per share. The dividendwill be payable October 17, 2008 to common stockholders of record onOctober 3, 2008. This will be Washington Federal's 103rd consecutivequarterly cash...

  Articles 2008-09-22

• Washington Federal Announces Writedown of Fannie Mae, Freddie Mac Preferred Stock

  Washington Federal, Inc. (NASDAQ: WFSL), theparent company of Washington Federal Savings, today announced that, as aresult of a one-time writedown of its holdings in Fannie Mae and FreddieMac Preferred Stock, the Company will report its first ever quarterly lossof approximately $39 million for the quarter ending September 30, 2008.For the...

  Articles 2008-09-19

• Zacks Bull and Bear of the Day Highlights: CSX Corp., Anheuser-Bush, Trimble Navigation, AvalonBay and Washington Federal

  CHICAGO -- Zacks Equity Research highlights CSX Corporation (NYSE: CSX) as the Bull of the Day and Anheuser-Bush (NYSE: BUD) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Trimble Navigation (Nasdaq: TRMB), AvalonBay Communities (NYSE: AVB) and Washington Federal, Inc. (Nasdaq: WFSL). ...

  Articles 2008-09-18

• Feds take control after Columbian Bank in Kansas fails

  WASHINGTON -- Federal regulators on Friday shut down Columbian Bank and Trust Company in Kansas. The Federal Deposit Insurance Corp. was appointed receiver of Columbian Bank of Topeka, Kan., which had $752 million in assets and $622 million in deposits as of June 30. ...

  Articles 2008-08-23

• Pension agency downplays risks, GAO says

  WASHINGTON -- The federal agency charged with backstopping pension benefits for 44 million Americans has understated the risks of its new investment policy, a congressional watchdog said. The Government Accountability Office said in a report released today that the Pension Benefit Guaranty Corp.'s new strategy could significantly...

  Articles 2008-08-18

• Fitch Takes Actions on Washington Federal Savings & Loan Assoc. Prime Pre-2005 Transaction

  NEW YORK -- Fitch Ratings has taken numerous rating actions on the Washington Federal Savings and Loan Association Prime RMBS transaction listed below: --Washington Federal 2001-01 The rating actions were taken as part of Fitch's ongoing surveillance process of existing transactions. A spreadsheet detailing...

  Articles 2008-08-18

• Multisource drugs a boon to AIDS care

  WASHINGTON -- The federal government's program to provide AIDS treatment in poor nations has become dominated by generic drug manufacturers, many of them based in India. Generic drugs represented about 57% of the some $131 million that the United States spent in fiscal 2007 on the President's Emergency...

  Articles 2008-08-18

• Huntington's drug approved

  WASHINGTON -- Federal regulators on Friday cleared the first treatment approved in the United States for Huntington's, a rare inherited disease that causes uncontrolled movements, deterioration of mental abilities and, ultimately, death. The medication, called Xenazine, will not cure the condition -- and it has some potentially...

  Articles 2008-08-16

• Fed leaves key interest rate at 2%

  WASHINGTON -- Federal Reserve policymakers on Tuesday left interest rates unchanged and stressed they're concerned about both the struggling economy and high inflation, suggesting they're unlikely to change rates soon. Stocks jumped, in part because there was nothing in the Fed statement to scare or surprise investors. The...

  Articles 2008-08-06

• Fed unlikely to change rates this week

  WASHINGTON -- Federal Reserve policymakers are finding their jobs aren't getting any easier as a sluggish economy and stubbornly high inflation put them in an interest-rate bind. Given the competing challenges, Fed Chairman Ben Bernanke and his colleagues are expected to keep their target for short-term interest rates,...

  Articles 2008-08-04