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Bank of America earnings disappoint

Jul 19, 2011
An expensive mortgage-backed security settlement and a balance sheet still weighed down by bad loans contributed to a $9 billion second-quarter loss for the largest bank in the country.
Posted In: Banks

Is the ratings agency model broken?

Jul 18, 2011
Julia Coronado, chief economist with the investment bank BNP Paribas, talks about the ratings agency S&P's possible downgrade of U.S. credit, and what ratings agencies mean to modern markets.
Posted In: Banks

Analysts dismiss flawed stress tests

Jul 18, 2011
In a series of stress tests conducting in Europe, 82 out of 90 European banks were deemed strong enough to survive another financial crisis. But are the tests asking the right questions?
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Could bank profits translate into jobs?

Jul 14, 2011
The second-largest U.S. bank said it earned more than $5 billion last quarter, as New York bureau chief Heidi Moore explains.
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Banks push bank against regulators' plan to 'claw-back' pay

Jul 6, 2011
The Federal Deposit Insurance Corporation is expected to finalize a proposal today that would require big back executives to return pay if their bank fails.
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U.S. banks line up for another bailout

Jun 30, 2011
The latest GOP plan to jumpstart bank lending may leave taxpayers holding the bag.
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Fed places new restriction on swipe fees

Jun 29, 2011
Banks were previously able to collect $15 billion a year from swipe fees. Now, the Federal Reserve is capping that, but it doesn't necessarily mean the end of debit cards.
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Bank of America mortgage settlement could set framework for other banks

Jun 29, 2011
Richard DeKaser, economist with the Parthenon Group, explains Bank of America's $8.5 billion settlement over risky mortgage backed securities.
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Bank of America agrees to $8.5 billion mortgage settlement

Jun 29, 2011
Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.
Posted In: Banks

Lagarde's appointment may be a missed opportunity

Jun 29, 2011
Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.
Posted In: Banks

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