Banks turn in hefty profits, but industry still has big problems NEW YORK (AP) — The big banks are making big money again, but they won’t be back to health as long as they have to deal with a recession and customers defaulting on mortgages and credit cards. The impressive n…
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Bank profits not as impressive as they seem – Wall Street
Posted on: July 18th 2009 in Market Outlook.
Ten US banks need to raise $74.6 bn in capital
Posted on: May 8th 2009 in Press Releases.
US regulators said 10 of the top 19 banks will need to raise a total of USD 74.6 billion in capital over the next six months. The USD 74.6 billion amount was smaller than what some analysts had estimated the results of the bank stress test to be. Bank of America had the largest …
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