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Tag: banking

Bank of America to Restructure Bank Accounts, Fees

by on Jan.06, 2011, under Towing

Bank of America plans to restructure customer bank accounts and fees to make up for lost revenue from new regulations.

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Bank of America to Restructure Bank Accounts, Fees originally appeared on DailyFinance on Thu, 06 Jan 2011 09:45:00.

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Inside Wall Street: Who Needs Banking Giants? Tiny Signature Is Outrunning Them

by on Dec.29, 2010, under Towing

Gene Marcial's Inside Wall Street

The pint-size Manhattan bank’s market cap of $2 billion is dwarfed by JPMorgan’s $161.5 billion and BofA’s $126.4 billion. Still, Signature has done far better for investors this year. By steering clear of risky derivatives and sticking with basic banking, Signature is thriving.

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Inside Wall Street: Who Needs Banking Giants? Tiny Signature Is Outrunning Them originally appeared on DailyFinance on Wed, 29 Dec 2010 07:30:00.

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Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk

by on Dec.27, 2010, under Towing

The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-out banks — up from 86 in the second quarter — now at risk.

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Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk originally appeared on DailyFinance on Mon, 27 Dec 2010 19:30:00.

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Expect More Banking Sector Takeovers in 2011

by on Dec.23, 2010, under Towing

Two recent acquisitions by Canadian banks likely foretell that M&A activity among U.S. banks will only accelerate next year. Smaller banks that survived the financial crisis, but have few growth opportunities, are now attractive takeover targets.

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Expect More Banking Sector Takeovers in 2011 originally appeared on DailyFinance on Thu, 23 Dec 2010 08:00:00.

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