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Britain looks to sell off parts of Royal Bank of Scotland
Tuesday, March 27, 2012
Britain faces the same dilemma as the U.S. when it comes to bailed-out companies: When to sell off the billions of dollars worth of assets it bought from those companies at the height of the crisis.
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Chase slips up
Friday, March 2, 2012
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
Bank of America to test new fees
Thursday, March 1, 2012
The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
My very first at-B.A.T.
Wednesday, February 29, 2012
A letter found in the attic tells a story of the ATM's origins.
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J.P. Morgan profits despite its depositors
Wednesday, February 29, 2012
J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Banks to dole out compensation to homeowners
Thursday, February 9, 2012
A settlement has been reached between state attorneys general and five major banks, but the problems of the housing market in the U.S. are far from over.
States nearing mortgage settlement with big banks
Thursday, February 9, 2012
The Obama administration and nearly every U.S. state are reportedly ready to settle for $26 billion with five of the country's largest banks over allegations of abusive foreclosure practices.
Weekly Wrap: Greece and American banks
Friday, January 20, 2012
A review of the week's biggest business news. This week: News of a debt deal for Greece and what U.S. bank earnings says about the industry in the future.
How about a bi-weekly mortgage payment?
Friday, January 20, 2012
After refinancing my house with a low-rate, conventional 15-year mortgage, I received an offer to set up bi-weekly or weekly payments. What are the benefits and pitfalls of such a plan? Ron, Richmond Hill, GA
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Wells Fargo and Citigroup: A tale of two banks
Tuesday, January 17, 2012
Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.
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Recent comments on our stories..
Times-Picayune to cut back jobs and production schedule
As someone born and breaded in New Orleans I'm sorry to see this news from my hometown paper, but as someone who's found reading it an...
BostonPeng | May 24, 2012
High-frequency trading: Bad for markets... and the soul?
Hi,
First I'd like to thank everyone for listening to what I had to say, it's really an honor to have been on marketplace. Second...
Nick Hanauer on the TED talk, income inequality controversy
If the idea of "trickle-down economics" hasn't worked---when governments have actually *tried* it, rather than a form they...
kingjon | May 18, 2012 Time to bring back Glass-Steagall?
I can finally agree with Robert Reich100%. To our detriment, banks have forgotten that there is a difference between manipulating money, and...
pauliswood | May 16, 2012
