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Editorial Results (free)
1. Federal Reserve Imposes New Penalties on Wells Fargo
- Monday, February 5, 2018
WASHINGTON (AP) – The Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank's growth until it can prove it has improved its internal controls. In addition, bank agreed to replace four board members.
2. A Fading Middle-Class Perk: Lower Mortgage Rates
- Monday, April 28, 2014
WASHINGTON (AP) – For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.
Now, even that perk is fading away.
Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more.
3. Risk-taking is Back for Banks One Year after Crisis
- Tuesday, September 15, 2009
NEW YORK (AP) - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.
Goldman Sachs, JPMorgan Chase and others – which have received tens of billions of dollars in federal aid – are once more betting big on bonds, commodities and exotic financial products, trading that nearly stopped during the financial crisis.
4. Public Scrutiny Blunted Bank Stress Tests
- Thursday, May 7, 2009
WASHINGTON (AP) - Treasury Secretary Timothy Geithner said in February that putting the nation's biggest banks through "stress tests" was vital to getting the financial system back on solid ground.
5. BofA CEO Lewis Says Nationalization is 'Absurd'
- Monday, February 9, 2009
CHARLOTTE, N.C. (AP) - Bank of America Corp. Chief Executive Ken Lewis capped off a week of defending his bank and his role in it on Friday by firing back against rumors that his company could be in danger of nationalization.