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The industry earned $21.6 billion in the second quarter, compared with a loss of $4.4 billion a year earlier. Still, one analyst predicts 'a couple more years of consolidation and cleanup.'..more |
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The Securities and Exchange Commission said Tuesday that it had declined to charge Moody's Investors Service for violating securities laws by failing to comply with its own procedures for rating complex derivative securities in 2007...more |
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Government-backed U.S. mortgage bonds underperformed Treasuries in August by the most since November 2008 amid concern federal intervention will spark a refinancing wave that reduces the value of the securities. ..more |
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Companies in the U.S. unexpectedly cut workers in August, data from a private report based on payrolls showed. ..more |
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