Finance
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Discover Financial 2Q net income falls, revenue upJun 19, 2012 10:13 am - Discover Financial Services says its second-quarter net income fell 10 percent as the company freed up less money from reserves set aside to cover customers’ unpaid bill...
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First Midwest Bank names Prame head of retail bankingJun 18, 2012 9:00 am - Itasca-based First Midwest Bank announced Thomas M. Prame has joined the bank as executive vice president and director of retail banking. “I am very pleased to welcome T...
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Irish tell Spain to imagine the worst in bank failuresJun 17, 2012 9:39 am - Ireland has this banking advice for Spain: imagine the worst and double it. Like Ireland, Spain sought a bank bailout after being felled by a real-estate crash. Now, jus...
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Even with short-term fixes, European future bleakJun 17, 2012 7:35 am - BOSTON — Europe’s on-again, off-again progress in tackling its debt problems has kept U.S. investors on edge for the better part of two-and-a-half years. It seems like t...
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Americans hang on after recession drains accountsJun 16, 2012 4:00 pm - Looking back, the financial lives many Americans enjoyed until just a few years ago can seem like a mirage. On a suburban cul-de-sac northwest of Atlanta, Michael and Pa...
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Central banks stand ready on eve of Greek voteJun 15, 2012 4:28 pm - FRANKFURT, Germany — On the eve of Greek elections, Europe’s central bankers are hoping to avert a financial panic by signaling their readiness to support banks. At the...
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Former Goldman Sachs director convictedJun 15, 2012 1:21 pm - NEW YORK — A former Goldman Sachs director was found guilty Friday of feeding confidential information to a corrupt hedge fund manager, becoming the most prominent defen...
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JPMorgan CEO says execs may have pay taken backJun 13, 2012 10:57 am - WASHINGTON — JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of t...
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3 foreign stock funds to smooth the bumps overseasJun 09, 2012 11:00 pm - BOSTON — Could the international investments in your mutual fund portfolio be setting you up for a summer of anxiety, rather than rest and relaxation? Recent headlines s...
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Intrigue mounts over ouster of Vatican bank chiefJun 09, 2012 1:47 pm - VATICAN CITY — Intrigue mounted Saturday over the controversial ouster of the Vatican bank’s president, with leaked documents showing board members and even a psychiatri...