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Tag Archives: Federal Deposit Insurance Corp.

Proposal gives banks more leeway on mortgage bonds

WASHINGTON — Banks may be allowed to hold a smaller stake in the mortgage investments they sell if those loans are made to homebuyers with stronger finances. The Federal Deposit Insurance Corp., the Federal Reserve and other agencies on Wednesday ...

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U.S. 4Q bank earnings up 37 pct as lending rises

WASHINGTON — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry’s ...

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Feds order Discover to refund $200M to cardholders

WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay ...

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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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