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Three major U.S. financial institutions have announced they will halt foreclosures after coming under intense pressure from U.S. politicians on Wednesday to do something to help U.S. citizens weather the financial crisis. Citigroup announced it will be halting foreclosures starting Feb. 12. The bank...
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Two Wall Street giants and their investors are betting that one of the Streets most baffling rules of thumb will prevail as the stock market prepared to open Friday after two days of a bullish market. The rule, one that definitely does not apply to your family finances, is if bad news is not as bad as...
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Three major U.S. banks announced on Monday that they were responding to some week-end jaw-boning by the Treasury Department and forming a consortium to address the beleaguered credit markets. Citigroup, Bank of America, and J. P. Morgan unveiled the broad outlines of a plan to buy troubled assets in...