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« Previous Entries Next Entries »Banks shuttered in Fla., Ill., Md., Utah
Thursday, March 17th, 2011Regulators 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.
European stocks edge ahead as investors await data
Thursday, March 17th, 2011Europe’s leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.
Franco-German spat fuels EU economic debate
Thursday, March 17th, 2011An economic policy dispute between France and Germany threatens to distract the eurozone as it faces fierce competition from Asian rivals, analysts and German media warned Tuesday.
BofA to start reducing mortgage principal
Thursday, March 17th, 2011Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
Fed’s Evans: Monetary policy not effective for pricking bubbles
Thursday, March 17th, 2011Monetary policy is not an effective tool for pricking asset bubbles, but central banks without authority to supervise banks may have no alternative, Chicago Federal Reserve President Charles Evans said Tuesday.
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