Finance
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Report: SEC Investigating canceled tradesSep 01, 2010 11:00 pm - NEW YORK -- The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, accordin...
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Source: JPMorgan Chase halting proprietary tradingAug 31, 2010 11:00 pm - BOSTON -- JPMorgan Chase & Co. is shutting down its proprietary trading desks and eliminating around 80 jobs to comply with new restrictions on investment banks, a sour...
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10 bailed-out banks spent $16.3 mil lobbying in first halfAug 31, 2010 11:00 pm - NEW YORK -- The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the deba...
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Economy in U.S. grew to a revised 1.6% in second quarterAug 26, 2010 11:00 pm - WASHINGTON -- The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slowdown in comp...
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Mortgage rates hit low of 4.36 percentAug 25, 2010 11:00 pm - NEW YORK -- Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac...
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Credit card debt drops to lowest level in 8 yearsAug 24, 2010 11:00 pm - NEW YORK -- The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders continued ...
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Survey of bankers shows another dip in economyAug 19, 2010 11:00 pm - OMAHA, Neb. -- A survey of rural bankers in 10 Midwest and Plains states released Thursday showed a further dip in the economy after signs of a rebound earlier this yea...
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Amcore Financial files for bankruptcy protectionAug 19, 2010 11:00 pm - Amcore Financial Inc. filed for bankruptcy protection, about four months after regulators closed the Chicago-based company's bank subsidiary. The company yesterday liste...
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Average mortgage rates hit low of 4.42 percentAug 18, 2010 11:00 pm - WASHINGTON -- Mortgage rates fell to the lowest level in decades for the eighth time in nine weeks, a sign that investors are concerned about the weak economy. The avera...
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Mortgage applications soar on low ratesAug 17, 2010 11:00 pm - WASHINGTON -- Mortgage applications rose 13 percent last week as consumers refinanced at the lowest rates in decades. The Mortgage Bankers Association says the increase ...