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Tag Archives: Citigroup Inc.

Post office nears historic default on $5B payment

WASHINGTON — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem ...

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U.S. bank earnings rose this winter to 5-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...

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Bank earnings to reflect slowdown from 3Q turmoil

NEW YORK — Investors are bracing for a rough earnings season from banks. Turbulence in stock and bond markets, combined with waning confidence among business and consumers, hurt banks’ business in the third quarter. IPOs were shelved, companies postponed plans ...

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Fed rejects Bank of America’s dividend hike plan

NEW YORK — Bank of America said Wednesday the Federal Reserve has objected to its plan for raising its dividend in the second half of this year, a setback that suggests regulators need to see more evidence that the nation’s ...

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