Finance
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Wells Fargo suspends bonuses for top executives
Feb 26, 2009 10:00 pm - NEW YORK -- Wells Fargo & Co.'s board has suspended its bonus policy for Chief Executive John Stumpf and its other top executives, according to a Securities and Exchange...
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Hedge-fund swindler due in NY court after checkup
Feb 26, 2009 10:00 pm - WHITE PLAINS, New York -- Fresh from a medical checkup, a New York hedge-fund cheat is returning to court on charges that he skipped out on a 20-year prison sentence. In...
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Source: Citi-gov't aid deal may come this week
Feb 25, 2009 10:00 pm - NEW YORK -- Citigroup Inc.'s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 per...
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JPMorgan to cut 12,000 jobs related to WaMu deal
Feb 25, 2009 10:00 pm - NEW YORK -- JPMorgan Chase & Co. said Thursday it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual Inc. According to slides on the com...
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Merrill Lynch 2008 loss revised higher by $533 mil
Feb 24, 2009 10:00 pm - NEW YORK -- Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing. Merrill r...
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Dollar 3-month interbank lending rate inches higher
Feb 24, 2009 10:00 pm - LONDON -- The cost of three-month dollar loans between banks rose modestly Wednesday amid concerns about the financial health of some big U.S. banks and despite assuranc...
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Northern Trust faces scrutiny for event spending
Feb 24, 2009 10:00 pm - NEW YORK -- Northern Trust Corp., a bank that received $1.6 billion in government funds, is facing scrutiny for hosting parties and other events connected to its sponsor...
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Credit card defaults could hit banks hardFeb 19, 2009 10:00 pm - Credit-card defaults may rise beyond 10 percent this year, breaking records and wiping out more than half of annual profit for lenders including Bank of America Corp. an...
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Regulators close banks in Nebraska, Florida
Feb 13, 2009 10:00 pm - WASHINGTON -- Regulators on Friday closed Sherman County Bank in Nebraska and Riverside Bank of the Gulf Coast in Florida, marking 11 failures this year of federally in...
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Credit card protections considered by lawmakers
Feb 12, 2009 10:00 pm - NEW YORK - Swiping your credit card would come with dramatic new protections under regulations considered by Congressional lawmakers Thursday. Among the industry practic...