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The President Of Iceland Tells Us How He Had The Balls To Stand Up To Britain
The president of Iceland sits in his study drinking tea from an immaculate china set. "If a collapse in the financial sector can bring one of the most stable and secure democracies and political...
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Here's What To Expect From Bank Of America's Earnings Call Tomorrow
Last quarter, Bank of America beat expectations, but is that going to last? The bears have a good argument. Bank of America sold a ton of assets last year (its stake in the Commercial Bank of China,...
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How 9 Banks Are Exposed To $200 Trillion Worth Of Derivatives [Infographic]
Demonocracy created a great infographic detailing the exposure of the nine banks with the largest exposure to derivatives. Combined, these nine banks are exposed to $228.72 trillion in derivatives, a...
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This Has To Be The Craziest Bank Sign-Up Bonus We've Ever Seen
Banks have upped their signup bonus game to attract better customers, but this offer from Florida's C1 Bank takes the cake. The bank is giving away one of four Mercedes Benz roadsters to new...
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The Most Badass Banker On Wall Street Is A 3rd Generation Marine And Three...
If you know anyone on Wall Street more badass than Owen West, please let us know. Until then, from what we've read, we're fairly certain that West, a managing director at Goldman Sachs, takes the...
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Someone Just Paid Off Their $114K Student Loan Bill In CASH
We're dying to know the identity of a mystery Canadian who strolled into a Toronto bank Thursday and plopped down a whopping $114,460–IN CASH–to pay off his student loans. A Reddit user and friend of...
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The Little Known Story Of How ExxonMobil Seized $300 Million From Hugo Chavez
We're reading Private Empire: ExxonMobil and American Power by Steve Colls and learning a lot about one of the world's most powerful corporations. ExxonMobil is so powerful, in fact, that it...
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Student Loan Debt Shot Up Nearly 300% In The Past Decade
Finance experts have long estimated that America's student loan debt has swelled past $1 trillion, but a new report offers startling insight into exactly what consumers are up against. Since 2003,...
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REVEALED: The True Origins Of The Piggy Bank
With the advent of online banking and multi-thousand-dollar at-home safes, sometimes it's hard to remember where humans stashed their valuables in humbler times. Believe it or not, the basic piggy...
View ArticleYour 70-Second Guide To The Spanish Bank Bailout
Spain is dominating headlines today, as European finance ministers schedule meetings for this weekend aimed at containing the euro crisis contagion that has seeped into the Spanish banking sector....
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Jamie Dimon Just Mentioned Two Specific Things The JP Morgan CIO Was Hedging...
For the last month or so, everyone wishes they had been a fly on the wall in JP Morgan's Chief Investment Office in London. And by everyone we mean journalists, hedge funders, politicians... everyone....
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Karl Marx Bank Cards Are Taking Germany By Storm
Apparently there's a new banking trend in Germany: having a picture of Karl Marx on your bank card. That's right, Reuters reported this morning that over a third of the customers of Sparkasse Bank in...
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Traders Are Betting That These 14 Banks Will Default
As Italian and Spanish sovereign borrowing costs shoot higher, corporate credit default swaps (CDS) have remained remarkably high. CDS is essentially insurance on a security that pays in the event of...
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US Housing Continues To Weigh On The Banking Sector
Good comments here from the Bank of Canada brought to our attention via David Rosenberg’s morning note. They discuss the significant malaise in residential real estate and put the effect of this drag...
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Morgan Stanley's Top Banking Analyst Sums Up The Moody's Downgrades In Just...
On Thursday, markets tanked and bank stocks whipsawed on rumors that Moody's would downgrade the world's biggest banks. The media made a bing stink about it. However, many experts were taken...
View ArticleThe Unofficial Problem Bank List Rises To 921
This is an unofficial list of Problem Banks compiled only from public sources. (And only US banks). Here is the unofficial problem bank list for June 22, 2012. (table is sortable by assets, state,...
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A Huge RBS Glitch Resulted In One Man Being Stuck In Jail For A Weekend
When the Royal Bank of Scotland computer system experienced a glitch last week, most account holders complained about not being able to receive paychecks or access their money for a few days. One man...
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Banks Are Winning The Intimidation Campaign Against Journalists
Last week, Gillian Tett of the Financial Times wrote how five years previously, she and her fellow journalists were intimidated into backing off of a huge story about banks manipulating LIBOR. This is...
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The FDIC Just Seized Another Bank
WASHINGTON (AP) — Federal regulators have closed a small bank in Georgia, bringing the number of U.S. banks that have failed so far this year to 32. The Federal Deposit Insurance Corp. said Friday...
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The 10 Weirdest Bank Robber Disguises, From Darth Vader To The 'Geezer Bandit'
The topic of creative bank-robber disguises might make you think of the movies "The Town" and "Point Break." But real-life bank robbers can get pretty creative too, including a thief in Texas who...
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