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Va. – Sallie Mae , the nation's largest student lender, says it earned a profit for the first quarter, reversing a year-ago loss, as bad loans eased and it lent to more students. After paying preferred dividends, Sallie Mae, formally known as SLM
Terracciano, a longtime banker who built a reputation on Wall Street as a turnaround specialist, has resigned a board seat at CIT Group Inc. ( CIT ), citing health reasons. Terracciano, who is the chairman of college-loan provider SLM Corp. ( SLM ),
SLM Corp., better known as Sallie Mae, said Tuesday investment losses pushed it to a loss for the second quarter. The company reported a loss of $123 million, or 32 cents per share, compared with profit of $266 million, or 50 cents a share, a year
Shares of student lending firm Sallie surged in pre-market trade Thursday after the company said the U.S. Department of Education awarded it a contract to service federal student loans. Sallie Mae shares /quotes/comstock/13*!slm /quotes/nls/slm ( 7.
Sallie Mae, a US-based company which gives loans to students, Monday announced to move back as many as 2,000 overseas jobs, including those from India, even if it means an additional financial burden on the company because of higher labour expenses. "
The $85-billion U.S. college student loan business reeled Thursday from a proposal in President Barack Obama's 2010 federal budget that would axe the giant federally guaranteed student loan program. In a major shift that severely undercut shares in
Va. » Sallie Mae, the nation's largest student lender, says it lost $159 million in the third quarter as strains in the credit markets pushed its funding costs higher...That was narrower than the loss of $344 million, or 85 cents a share, in the same