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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Want to buy banks? Look at some of the regionals, says Dick Bove. The big universals are dealing with a multitude of issues that impede their competitiveness, while community banks are being weighed down by regulations that are driving them out of…

Category : Stocks, World News

Want to buy banks? Look at some of the regionals, says Dick Bove. The big universals are dealing with a multitude of issues that impede their competitiveness, while community banks are being weighed down by regulations that are driving them out of the business. Firms in the middle tier however, are growing their key commercial and industrial lending portfolios while their competitors have had to pull back. His picks: US Bancorp (USB), PNC Financial (PNC) and Capital One (COF). 7 comments!

Read more here: Want to buy banks? Look at some of the regionals, says Dick Bove. The big universals are dealing with a multitude of issues that impede their competitiveness, while community banks are being weighed down by regulations that are driving them out of…

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Where Large Banks Fail, Regionals are Succeeding: Bove

Category : Stocks

By Jeff Cox, CNBC.com Senior Writer

NEW YORK (CNBC) — Large regional banks are filling a void created by the biggest institutions’ regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.

Firms in the middle tier of banking — think US Bancorp , PNC and Capital One, for instance — are growing their key commercial and industrial lending portfolios while their competitors have had to pull back their activities, according to an analysis from the widely followed Rochdale Securities vice president of equity research. …

Link: Where Large Banks Fail, Regionals are Succeeding: Bove

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10 Greatest Ballparks for Foodies

Category : Business

NEW YORK (MainStreet) — If Major League Baseball teams are going to charge a premium for concessions, fans should at least get a premium product for their money.

It’s just an accepted fact that concessions at a big-league baseball game are going to batter fans’ wallets between innings. This year, the average cost of a draft beer on the concourse is $6.15, according to Team Marketing Report. Throw in a hot dog ($4.13) or a soda ($3.71) and you’ve already increased the cost of your ticket ($26.98 on average) by more than a third. Citi Field offers a classic New York experience: waiting on line for a ridiculously long time for a delicious Shake Shack burger.

So why settle for those bottom-shelf items? In some markets, regional fare and expanded selection help fans compensate for the cost a bit. You can get a hot dog anywhere, but the food and drinks in the following 10 markets have local flavor that peanuts and Cracker Jack lack: …

Link: 10 Greatest Ballparks for Foodies

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7 Stocks Hit 52-Week Highs

Category : Business

NEW YORK (TheStreet) — The following stocks reached 52-week highs on Tuesday: Verizon, Intel, Comcast, Discover Financial Services , PNC Financial, Brinker International and La-Z-Boy.

Verizon

“Verizon lagged the market in 1Q12, delivering -4.7% stock price return and a -3.47% total return (compares to S&P total return of 12.59% and AT&T total return of 4.80%),” Credit Suisse analysts wrote in an April 20 report. “Verizon now trades at an 18% premium to the market on consensus 2012 EPS. The multiple is probably justified given higher earnings growth and an 5% dividend yield; however, it leaves little room for multiple expansion. With estimates that are largely in-line with consensus, we are staying Neutral for now.”

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5 Bank Earnings Winners From Jefferies

Category : Stocks

NEW YORK (TheStreet) — Jefferies analyst Ken Usdin on Friday highlighted five regional bank “winners” based on first-quarter earnings reports this week.

The analyst said that in addition to beating consensus earnings estimates, the group of five banks “have also put up decent loan growth and kept net interest margin relatively stable,” which isn’t easy in the prolonged low-rate environment.

Usdin said the only “definitive miss” this week was First Horizon National of Memphis, Tenn., which on Thursday reported first-quarter net income available to common shareholders of $30.5 million, or 12 cents a share, missing the consensus EPS estimate of 13 cents, among analysts polled by Thomson Reuters, which the analyst blamed on higher-than-expected mortgage putback expenses, along with net interest margin pressure.

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Read more here: 5 Bank Earnings Winners From Jefferies

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7 Reasons Job Gains Could Last This Time

Category : Business

By Paul Wiseman

WASHINGTON — Wait — haven’t we seen this movie before?

Companies are generating waves of jobs, and unemployment is down.

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See the article here: 7 Reasons Job Gains Could Last This Time

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Bank Deals are Proving Profitable (Update 1)

Category : Stocks

Updated to include additional analyst comments and earnings estimates.

NEW YORK (TheStreet) — Bank of Montreal’s $4.1 billion acquisition of Midwestern lender Marshall and Ilsley is turning out to be a big earnings driver, proving the benefits of U.S. bank deals.

That is good news for Capital One,PNC Financial and First Niagara as they try to close billion dollar-plus acquisitions.

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5 Bank Stock Value Plays: Guggenheim (Update 1)

Category : Business, Stocks

Updated with late morning market action.

NEW YORK (TheStreet) — Even with bank stocks showing a major recovery so far this year, Guggenheim Securities analyst Marty Mosby says “the earnings recovery of the Large Cap Banks actually has eclipsed the stock price rebound.”

While raising his price targets for a baker’s dozen bank holding company stocks, Mosby on Tuesday highlighted two major banking names with neutral ratings that could represent long-term value “if investors begin to increase their appetite for risk,” and three buy-rated holding companies with “the most upside potential relative to downside risk.”

Click to view a price quote on BAC.

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Read more from the original source: 5 Bank Stock Value Plays: Guggenheim (Update 1)

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