Banks' Kitchen-Sink Quarter
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Expect massive write-downs as Vikram Pandit's Citigroup and other beleaguered banks try to start 2008 with a clean slate.
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By George Chamberlin , Daily Transcript Financial Correspondent. Wimpy&#39;s plea for a sandwich is representative of how many Americans have handled the cash flow in their checking accounts.
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Why Ben Bernanke's rate cuts may not get banks to ease credit.
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The Federal Home Loan Bank of Seattle, one of 12 regional institutions that provide money to home lenders, is seeking to branch into the turf of mortgage-finance giants Fannie Mae and Freddie Mac.
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Practical tips for when your financial house is in disarray.
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Caught in the midst of a makeover, Ingersoll-Rand checks in with a so-so quarter.
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On Thursday 13th September, after the market had closed, the Bank of England announced to have provided emergency cash to Northern Rock, the fifth largest mortgage lender in the country. The Bank of England played down the intervention, saying that it is not a "bail-out" but rather a loan meant to ease the bank's difficulties in financing its short-term operations in the face of the recent market turmoil. The bank's assets are reportedly solid and there is no risk for shareholders.  In spite of this reassurance, the stock price of this former market darling tumbled 30% on Friday. People were seen queing outside branches while the website went down as the bank clients rushed to withdraw their money using the online banking facility.  It's the first time in my life I've seen that Great Depression staple, the bank run.
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As a single parent with one income, Barbara George said she routinely relies on âthe floatâ when she writes a check. âIf Iâm writing a check for my kidsâ lunch money or while on vacation
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By Christopher Faille, Financial Correspondent
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And the banking giant is best in its class.
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North Carolina, Scotland, Pennsylvania and Canada could soon all have something in common: serving as the home base of New England&#39;s top four banks.
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It turns out that you and your banker are not on the same page.
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Business & money: Bank could step in to tackle fresh inflation fears.
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An online bank's offer this week of 6 percent interest on money deposited in its savings accounts demonstrates how aggressive some banks have become in trying to bring in new deposits, benefiting consumers who are willing to shop around for a better place to save their money.
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The bank was badly hurt by a huge spike in consumer credit costs and the poor performance of its investment banking unit, which has clamored for Wall Streetâs respect.
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BELFAST - A bank in Northern Ireland hit by a massive robbery said on Friday it was considering the drastic measure of taking several denominations of notes out of circulation as a means of preventing the criminals enjoying their haul.
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Smaller banks find problems in some commercial real estate loans.