Finance
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SEC, CFTC seek 'unimpeded' power over derivativesJun 22, 2009 11:00 pm - "Unimpeded" oversight of the $592 trillion over-the-counter derivatives market should be shared between the Securities and Exchange Commission and Commodity Futures Trad...
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Bank of America seeks new board members
May 07, 2009 11:00 pm - CHARLOTTE, N.C. -- Bank of America Corp. is looking for new directors following a shareholder revolt that stripped Chief Executive Ken Lewis of his chairman's title, the...
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5 regional banks must raise $8.2 bil after tests
May 07, 2009 11:00 pm - WASHINGTON -- Five of the nation's largest regional banks are vulnerable to a worsening recession and need to raise a total $8.2 billion in new capital based on results...
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Stress tests suggest 10 banks need $75 bil more
May 06, 2009 11:00 pm - WASHINGTON -- The government's long-awaited "stress-test" results have found that 10 of the 19 largest U.S. banks need a total of about $75 billion in new capital to wit...
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Auditors see SEC deficiencies in communication, use of resources
May 05, 2009 11:00 pm - WASHINGTON -- The Securities and Exchange Commission has made progress in tightening its procedures for managing its caseload of enforcement investigations but internal ...
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GMAC first quarter loss widens as credit markets remain weak
May 04, 2009 11:00 pm - NEW YORK -- GMAC Financial Services said Tuesday that it will not be automatically be forced to file for bankruptcy protection if General Motors Corp. is unable to restr...
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Mortgage rates dip, stay above record lows
Apr 22, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell slightly from last week but remained just ahead of record lows posted this month, Freddie Mac said Thursday. Average rates ...
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Treasury seeks to keep U.S. bank stakes after buybackApr 16, 2009 11:00 pm - The Treasury intends to retain an ownership interest in many U.S. banks even after the lenders buy back preferred stock the government currently holds as part of its res...
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Citigroup results surpass expectations
Apr 16, 2009 11:00 pm - NEW YORK -- Citigroup reported its smallest quarterly loss since 2007, but its problems are far from over. The bank released first-quarter results Friday that were buoye...
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JPMorgan Chase posts better-than-expected profit
Apr 15, 2009 11:00 pm - NEW YORK -- JPMorgan Chase's first-quarter profit was not as good as last year's, but it told investors what they wanted to hear: Banking is not dead. JPMorgan said Thur...