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RBS Restructuring: The Good, the Bad, the Costly
Thirty-eight billion pounds ($60.8 billion) of high-risk assets are being siphoned out of the Royal Bank of Scotland (NYSE: RBS) and will be placed in an internal “bad bank.” CEO Ross McEwan set the...
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How Is JPMorgan Walking Away with a $13B Settlement and a Steal?
Wrongs were finally righted Tuesday when JPMorgan Chase (NYSE:JPM) agreed to pay a settlement of $13 billion – a record figure for a single company that will help the government claim that justice was...
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Analysts: Retailers Won’t Suffer Sales Slip Despite Snow
It has been a snowy couple of days for consumers residing in the Northeast and Midwest regions, but luckily, analysts report that despite the ice, holiday retail sales still aren’t forecasted to...
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Zuckerberg Tops 2013 Charitable Giving
The past five years — those that followed the 2008 financial crisis — saw a massive upheaval in terms of wealth distribution in the United States. While the figure that jumped out of Oxfam’s 2014...
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Here’s Why Barclays Has Drawn the Ire of Investors
Source: http://www.flickr.com/photos/alwyn_ladell/ Barclays (NYSE:BCS) — like many other large banks — still bears the scars of the financial crisis; litigation and regulatory charge are ongoing, with...
View ArticleStress Tests 2014: Can Banks Withstand Increasing Interest Rates?
Investors and analysts alike are confident the six largest United States financial institutions — JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup, Wells Fargo, Morgan Stanley, and...
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Marc Faber Is Predicting Another Crisis — Is He Right?
Source: https://www.flickr.com/photos/87680439@N07/ Famed investor Marc Faber — author of the Doom, Boom, and Gloom report — recently told CNBC that he believes that we could be setting up for a...
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What Kind of President Would Jeb Bush Be?
Source: Andy Jacobsohn/Getty Images When a candidate announces the intention to run for president he (and perhaps soon she) immediately becomes a moving target for the media; and it is only natural...
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How the Economy Can Hurt Your Mental Health
Source: Thinkstock Money problems got you down? You’re not alone. The Great Recession of 2008 was linked to a significant increase in major depression in U.S. adults, researchers at Loyola University...
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Why is Wall Street Demanding Billions From Taxpayers?
Spencer Platt/Getty Images News There’s still considerable residual anger left from the 2008 financial crisis and subsequent recession, and in hearty supply. Many middle class Americans are still...
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