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Bank profits not as impressive as they seem – Wall Street

Posted on: July 18th 2009 in Market Outlook.

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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Goldman Sachs posts $3.44 bn profit in Q2

Posted on: July 14th 2009 in Press Releases.

NEW YORK: Goldman Sachs Group Inc. said on Tuesday its second-quarter profit easily surpassed expectations as profit was buoyed by strength in Goldman Sachs Top 20 Global Banks Largest US bankruptcies Financial crisis Five facts on stock falls its trading and underwriting businesses…

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US bailout repayment seen bigger than expected: Report

Posted on: June 7th 2009 in Press Releases.

WASHINGTON: The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition. Citing unnamed sources who spoke on the…

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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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