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The Banks Are Going to Lose the FHFA Suits, So They Are Trying to Shoot The...
BY ABIGAIL CAPLOVITZ FIELD Ever since the Federal Housing Finance Authority (FHFA, Fannie Mae & Freddie Mac’s overseer) filed its blockbuster securities fraud suits against 17 banks and 131...
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“Living Wills” – a Proactive Step in Assessing Risk of Major US Banks |...
“Living Wills” – a Proactive Step in Assessing Risk of Major US Banks NEW YORK–(BUSINESS WIRE)–The Federal Deposit Insurance Corporation (FDIC) board voted on the final rules requiring large US banks...
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Crisis forces banks to tap ECB dollar funds again – chicagotribune.com
FRANKFURT (Reuters) – Two undisclosed banks tapped the European Central Bank for dollar funding on Wednesday, the second time in a month the facility has been used and the latest indication of the...
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AFP: Greeks fume over property tax demanded by EU, IMF
ATHENS — Greeks were fuming on Thursday at a surprise property tax that could leave out Church holdings while the country is being urged to make “costly” sacrifices to secure EU-IMF rescue loans. The...
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Citi introducing fees on low-balance bank accounts – WTAQ News Talk 97.5FM...
(Reuters) – Citigroup Inc said it will start charging a monthly fee of $10 on checking and savings accounts with combined balances of less than $1,500, joining a growing list of banks seeking to recoup...
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FDIC: Big Banks Must Create Contingency Plans | News | Money/Investing |...
NEW YORK (MainStreet) – A new ruling from the Federal Deposit Insurance Corp. this week puts big banks right behind the eight-ball in terms of a major failure. Now, the FDIC mandates that banks with...
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In Europe, echoes of Lehman, with much bigger consequences – The Term Sheet:...
What started as a sovereign debt crisis in Europe is slowly turning into a potentially disastrous banking crisis. It’s like watching a bad rerun of a movie with a worse ending. By Cyrus Sanati,...
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VISA And Mastercard Plan To Hike Debit Card Fees On Small Items For Merchants
VISA and Mastercard are planning to sharply raise the debit card transaction fees for small purchases for merchants, according to an analyst note. A $2 cup of coffee incurs about an 8 cent fee...
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California Atty. General’s Office Pulls out of Settlement with Banks – New...
SAN FRANCISCO — California Attorney General Kamala Harris announced yesterday that her office is pulling out of a pending 50-state settlement with banks over wrongful foreclosures. In a letter to...
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Iran leader urges ‘cutting hands’ in bank scam – Forbes.com
TEHRAN, Iran — Iran’s top leader called on Monday for “cutting off the traitorous hands” of those implicated in a $2.6 billion fraud case described as the biggest financial scam in the country’s...
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Banks could face new source of mortgage losses | Reuters
(Reuters) – A federal housing insurance program may be forced to deny bank claims for money lost in home loan foreclosures, costing them another $13.5 billion in mortgage-related losses, according to a...
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Whistleblower Lawsuit claims banks cheated veterans with fees – seattlepi.com
ATLANTA (AP) — A newly unsealed whistleblower lawsuit from 2006 claims several major banks and mortgage companies bilked military veterans and taxpayers out of hundreds of millions of dollars. The...
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EconoMonitor : Great Leap Forward » Are the Big Banks Insolvent?
Short Clip, L Randall Wray: “We know from the Saving&Loan crisis of the 1980s that the costs of eventual resolution explode when you leave fraudster banks open. Just like Watergate, it is the...
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Volcker rule on US banks to be unveiled next week | Reuters
(Reuters) – U.S. banking regulators will unveil next week a much-anticipated proposed rule that bans most proprietary trading by banks, the Federal Deposit Insurance Corp said on Wednesday. The ban is...
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Second Mortgages May Cost U.S. Banks $23B: Nomura – Bloomberg
Losses on home-equity and other second mortgages may cost the four biggest U.S. banks $22.6 billion more than budgeted, with Wells Fargo & Co. (WFC) most at risk, according to Glenn Schorr, an...
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Bill Still Announces Presidential Candidacy – MarketTicker Forums
Bill Still Announces Presidential Candidacy The Market Ticker ® – Commentary on The Capital Markets Posted 2011-10-11 18:21 by Karl Denninger …. in Politics For IMMEDIATE RELEASE For more info...
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US Politics | AMERICAblog News: Taibbi: The AG bank settlement is actually...
“In a little-noticed post last week, Matt Taibbi made the following observation (my emphasis throughout): [T]his settlement is not about getting money from the banks. The deal being contemplated is...
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Position Limits, Bank ‘Living Wills,’ EU Antitrust: Compliance – Bloomberg
The U.S. Commodity Futures Trading Commission may increase risk of manipulation and volatility in markets for oil, gas and other commodities unless new speculation limits apply similar treatment to...
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Lawmakers Propose Ban on Consumer Debit Card Fees – Business Focus –...
NATIONAL REPORT — Legislators in at least two states are taking action to reverse the latest trend of consumer debit card fees. The fees, which can reach as much as $5 a month as in the case of Bank of...
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