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Bank of America Announced to Pay Back $45 Billion in Bailout Money

by R. MAK. on December 3, 2009

in Banks

On Wednesday it has been announced by Bank of America that it will pay back the $45 billion it received from the Troubled Assets Relief Program, or TARP.

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In response to the positive news from America’s largest bank both the U.S. dollar and euro has shown a rise.

The announcement has highlighted the speedy recovery of U.S. banks that received bailout funds.

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Bank of America Clarifies Credit-Card Terms

by R. MAK.December 1, 2009 Banks

On Monday Bank of America Corp. launched a program in which it is offering its credit-card customers an easy-to-understand list of terms and conditions for each account.It has been said by the bank that in this Credit Card Clarity Commitment program they will provide…

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Canadian Banks rap fix for Retirement Savings

by R. MAK.November 28, 2009 Retirement plans

In a new report it has been said by the Canadian Bankers Association that Canada’s retirement savings system is not broken and rushing into a…

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Hanging Up On Debt Collectors

by noorAugust 13, 2009 Legal Issues

If you are under any kind of significant debt, you must have experienced, or heard from your friends about debt collectors. You may be relaxing in your home and suddenly the phone rings, and its no one you know, it is a stranger who is trying to harass you about the debt you owe. As if you already don’t know about it!

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New Student Loan Laws

by Q.AB.June 26, 2009 Loans

A good news for past, current or future loan takers with a new amendment to renegotiate your monthly student loan repayment bill to a maximum 15% of your discretionary income.

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Posts about Interest Rate as of February 24, 2009

by R. MAK.February 24, 2009 Interest Rates

ABC Ignores Personal Responsibility in Segment on Home Foreclosures – businessopportunitystartup.com
02/24/2009
Tuesday’s “Good Morning America” ignored the liberal leanings of a Florida attorney who is instructing people on how to stall home foreclosures … to the Rescue? Banks may be required to offer interest rate relief for… Citigroup to help

How [...]

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Fed Cuts Rates by 50 Basis Points: Can It Go Below One Percent

by R. MAK.October 29, 2008 Banks

Moments Ago Fed Funds Rate was cut to down to 1.00% bringing it down 50 basis points. It was expected as 25 basis was too low and 75 basis points were thought as too high.

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PNC Bank Bids $5.6 Billion for National City Corp.

by R. MAK.October 24, 2008 Banks

Before the Friday’s opening bell, PNC bank has announced that it will buy National City Corp. for $5.6 billion. National City has been in trouble for quite a while now. This news was not taken well by WallStreet and shares of both banks plunged even lower. Share value of PNC dropped almost 5%, while National City Corp dropped more, shedding 30% of its opening value so far. While all stocks are going down, It is difficult to stay that this sharp decline in share value is because of the Announcement.

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