Financial Crisis and Merger
After heavy losses due to the real estate crash, Fidelity negotiated an acquisition of its second largest competitor, LandAmerica Financial Group, which was approved in December, 2008. Soon after Fidelity acquired LoanCare Servicing Center Inc., a leading provider of mortgage servicing and once a wholly owned subsidy of LandAmerica Financial Group.
Read more about this topic: Fidelity National Financial
Famous quotes containing the words financial and/or crisis:
“A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of gov’t as beyond its control, of itself as wholly controlled by gov’t. Somewhere in between and in gradations is the group that has the sense that gov’t exists for it, and shapes its consciousness accordingly.”
—Lionel Trilling (1905–1975)
“One theme links together these new proposals for family policy—the idea that the family is exceedingly durable. Changes in structure and function and individual roles are not to be confused with the collapse of the family. Families remain more important in the lives of children than other institutions. Family ties are stronger and more vital than many of us imagine in the perennial atmosphere of crisis surrounding the subject.”
—Joseph Featherstone (20th century)