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Banks
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Current Banks News Today Banks Depleting Earnings Backstop Banks are releasing reserves against bad loans. That money flows to the bottom line, helping to boost earnings. Fri, 03 Feb 2012 08:59:56 -0800 Swiss question 12 banks as LIBOR probe widens ZURICH (Reuters) - Switzerland is investigating 12 U.S., European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates on hundreds of trillions of dollars of securities. The Swiss Competition Commission (COMCO) said on Friday it had received information of possible collusion between derivatives traders concerning London Interbank Offered ... Fri, 03 Feb 2012 04:34:09 -0800 Spain tells banks to cover toxic assets or merge Spanish banks must raise an additional euro50 billion ($65.5 billion) to cover their exposure to toxic real estate loans and assets accumulated during a construction boom that went bust with the financial crisis, according to new regulations unveiled Thursday. Thu, 02 Feb 2012 11:38:58 -0800 Portugal PM wants easier bailout terms for banks Portugal's prime minister wants his bailed-out country's banks to be given more leeway to meet their capital requirements because an acute credit crunch is dooming viable companies. Fri, 03 Feb 2012 04:40:07 -0800 NY's Schneiderman sues banks in foreclosure effort New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion. Fri, 03 Feb 2012 14:55:46 -0800 |
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