Brokers

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Banks shuttered in Fla., Ill., Md., Utah

Thursday, March 17th, 2011

Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.

Credit card data hints at U.S. consumer rebound

Thursday, March 17th, 2011

Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others — a sign the lenders still face hurdles in the wake of the deep recession.

China pushes May meeting to ease strains with U.S.

Thursday, March 17th, 2011

A top-level dialogue between China and United States in May will be “very important” for defusing strains between the two big economies, Chinese Premier Wen Jiabao said on Monday.

BofA to start reducing mortgage principal

Thursday, March 17th, 2011

Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.

Eurozone leaders: Greece plan to stabilize euro

Thursday, March 17th, 2011

European leaders on Friday said their hard-won deal to rescue debt-ridden Greece after months of bitter wrangling will help calm jittery markets and stabilize the euro. But market reaction was cautious and experts warned the crisis had already dented the eurozone’s credibility.

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