There are some really odd things occurring -- the eurozone naturally leads the list. Italy and Spain will contribute funds they don't have to the IMF, which then in turn will lend it back to them. That's something sillier than a Ponzi scheme. From the Telegraph: "Ministers confirmed today that, as part of a broader international effort to improve the adequacy of IMF resources, euro area Member
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Big Banks Hit: Dave's Daily
Posted by Dimitrios 50 days ago (http://www.thestreet.com)Central Banks Euro Stick Save: Dave's Daily
Posted by skullman157 236 days ago (http://www.thestreet.com)
Evidently central banks, including our own no doubt, like a weak dollar. So with markets on edge, central banks stepped-in with rumors of intervention against the rising dollar. This led to a reversal in stocks as a weak dollar has been supportive to U.S. stocks. (This, ladies and gentlemen, is done while articulating a strong dollar policy.) But, stocks were oversold anyway so a rally was due
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American Express Banks on Prepaid Card
Posted by Sunumbrella 237 days ago (http://www.thestreet.com)
NEW YORK (MainStreet) -- American Express launched a prepaid debit card Tuesday in what the company claims will be a "game changing move" that brings prepaid cards into the mainstream.
The card, which can hold as much as $2,500, charges no activation or maintenance fees, with the only fee being a $2 charge each time users withdraw funds from an ATM. There is also no charge to reload the card, the
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Buy Beaten-Down Banks, Kovalski Says
Posted by daviejones 278 days ago (http://www.thestreet.com)
NEW YORK (TheStreet) -- Technology and commodities stocks are hot this year, but the Alpine Dynamic Financial Services Fund's Peter Kovalski says beaten-down banks such as Synovus, the IntercontinentalExchange and MF Global are the best bets.
The mutual fund has returned 9% this year, better than 89% of its Morningstar peers. During the past three years, the Alpine Dynamic Financial Services Fun
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Brandon Banks of Washington Redskins in hospital after stabbing
Posted by badboy1458 359 days ago (http://sports.espn.go.com)
Washington Redskins kick returner Brandon Banks is one of two men who were injured in a stabbing outside a D.C. nightclub.
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Legg Mason Likes Blue Chips, Banks and Big
Posted by Beowulf309 502 days ago (http://www.thestreet.com)
A fund manager sees the best buys since the 1950s in some U.S. stocks, even out-of-favor megacaps.
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Bailed-out banks are snubbing small businesses
Posted by magusjones 506 days ago (http://www.chron.com)
U.S. taxpayers helped the San Francisco-based bank weather the 2008 financial crisis with a $25 billion loan and $9.5 billion of debt guarantees.
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Debated in D.C.: Banks that are 'too big to fail'
Posted by scudmaster 524 days ago (http://www.chron.com)
Lehman, Wachovia, regulators answer for fiscal crisis.
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Car dealers, smaller banks avoid new oversight
Posted by robert4452 579 days ago (http://www.chron.com)
The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credit cards and other products from big banks don't abuse or confuse you.
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Regional Banks to Write Home About
Posted by MrGoodcat 654 days ago (http://www.thestreet.com)
SPDR KBW is among the ETFs that are likely to be influenced by the strong performance of regional banks.
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Obama Erases Banks From Student Loans
Posted by NecroDrake 674 days ago (http://www.thestreet.com)
The government has remade student-loan programs, saving the country $61 billion over 10 years.
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Banks Go After Orphan Retirement Funds
Posted by WarriorZ100 716 days ago (http://www.thestreet.com)
Banks are vying with investment firms for the more than $1 trillion in so-called orphan 401(k)s.
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These Banks Are Primed for Growth
Posted by noob54321 796 days ago (http://www.thestreet.com)
Regional and community banks that avoided bad loans are finding themselves in the enviable position of acquirers.
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JPMorgan, U.S. Bancorp Grow as Banks Fail
Posted by diva77677 810 days ago (http://www.thestreet.com)
JPMorgan and U.S. Bancorp have boosted deposits by more than a third by acquiring failed banks.
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Three Undervalued and Overlooked Banks
Posted by fredfred2 834 days ago (http://www.thestreet.com)
Bank shares have rallied and are now more expensive than the overall stock market. Here are three regional banks that beat their bigger peers in almost every way.
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Florida's Weak Banks Get Even Weaker
Posted by kevin2336 846 days ago (http://www.thestreet.com)
There are only seven Florida banks with 'recommended' status by TheStreet.com, as the state suffers from bad real-estate loans.
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More Banks Fall Short of Capital Mandates
Posted by Killer5434 891 days ago (http://www.thestreet.com)
Three times as many U.S. banks and thrifts are undercapitalized compared to last year.
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ETFs for Smaller Banks
Posted by rakketytam 928 days ago (http://www.thestreet.com)
When it comes to community banks, is a passively traded ETF or a actively managed mutual fund a better fit?
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Obama eyes tighter controls on banks, Wall Street
Posted by valarauko87 968 days ago (http://www.chron.com)
The goal is to prevent a recurrence of the economic crisis that erupted in the United States and exploded last fall with devastating consequences still reverberating around the world.
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Eighty-Nine U.S. Banks, Thrifts Lack Capital
Posted by Killerheals 986 days ago (http://www.thestreet.com)
Eighty-nine U.S. banks and thrifts lack required capital, according to newly released industry figures.
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Community Banks Thrive in Tough Economy
Posted by Straightos 1007 days ago (http://www.thestreet.com)
While big banks have become cash-strapped in this recession, community banks fuel the local economy by continuing to lend.
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Fed says more banks tighten home loan standards
Posted by MihaVitez 1009 days ago (http://www.chron.com)
A larger share of banks has made it more difficult for people to obtain home mortgages over the last three months even as demand has grown, the Federal Reserve reported.
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Financial Funds Rally on Banks' Results
Posted by Calimehtar 1024 days ago (http://www.thestreet.com)
Financial funds were the top performers among industry groups, as banks reported better-than-expected results.
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