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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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A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the ;100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was…

Category : Stocks

A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the €100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was followed up with the Fed’s QE. Will the ECB do the same? 3 comments!

Go here to see the original: A bit of perspective on what could be called a Spanish TARP: Given that Spain’s economy is 1/10th that of the U.S., the ;100B ($125B) Spanish rescue towers over the $700B U.S. TARP on a relative basis. Bazooka indeed. Of course, the U.S. TARP was…

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Rex Nutting’s column asserting "Obama’s spending binge never happened" has created a buzz in some high places, and it’s true that the president’s spending levels are little changed from FY2009, the last Bush budget. But that was a…

Category : World News

Rex Nutting’s column asserting “Obama’s spending binge never happened” has created a buzz in some high places, and it’s true that the president’s spending levels are little changed from FY2009, the last Bush budget. But that was a TARP-inflated one-off, and Obama must take the blame for choosing not to reverse that elevated level of spending… or for not spending enough. Post your comment!

View original post here: Rex Nutting’s column asserting "Obama’s spending binge never happened" has created a buzz in some high places, and it’s true that the president’s spending levels are little changed from FY2009, the last Bush budget. But that was a…

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US bailout fund ‘may make loss’

Category : World News

US taxpayers are unlikely to see a return on the $700bn Tarp rescue fund for financial sector, according to a report.

See the original post: US bailout fund ‘may make loss’

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Beach Business Bank Announces Third Partial Repayment of TARP Investment

Category : Stocks, World News

MANHATTAN BEACH, CA–(Marketwire – Mar 7, 2012) – Beach Business Bank (OTCBB: BBBC) (the “Bank”) has announced that on March 7, 2012, it entered into a third letter agreement with the United States Department of the Treasury to which the Bank repurchased 1,500 of the remaining 3,000 shares of the Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”) issued to the US Treasury. Previously, the Bank had repurchased 1,500 shares on July 6, 2011 and 1,500 shares on October 19, 2011 of the original 6,000 shares of the Series A Preferred Stock that the Bank had issued to the Treasury on January 30, 2009 under the TARP Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. The Bank paid $1.5 million to repurchase the preferred shares along with the accrued dividend for the shares repurchased.

Follow this link: Beach Business Bank Announces Third Partial Repayment of TARP Investment

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Home Loan Servicing’s Erbey Says No to Taxes After Saying Yes to TARP

Category : Stocks

NEW YORK (TheStreet — William Erbey had no problem taking taxpayer money when it came to TARP funds for Ocwen Financial, but he’s going out of his way to avoid paying taxes with a new venture, Home Loan Servicing Solutions Ltd., which is looking to go public next week.

Erbey remains the executive chairman of Ocwen, which has yet to pay back the $123 million in TARP funds it received. Home Loan Servicing, which Erbey founded, is looking to raise $200 million in its initial public offering, proposing to sell 13.3 million shares at 16 each, and it plans to use the proceeds to do a little bailing out of its own by purchasing Ocwen’s mortgage servicing business.

The problem for taxpayers is that Home Loan Servicing is based in the Cayman Islands in a rather transparent move to minimize the company’s tax liabilities.

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Read more: Home Loan Servicing’s Erbey Says No to Taxes After Saying Yes to TARP

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Regions Financial ([[RF]] -0.4%) is up 30% YTD, but there’s still time to jump on the bandwagon, Credit Suisse says in upgrading the shares to Outperform. The firm believes the next leg up will be driven by a lower-than-expected TARP capital…

Category : Stocks

Regions Financial (RF -0.4%) is up 30% YTD, but there’s still time to jump on the bandwagon, Credit Suisse says in upgrading the shares to Outperform. The firm believes the next leg up will be driven by a lower-than-expected TARP capital raise, NIM performance vs. peers, and loan growth inflection. The firm sees another 30% upside for RF in 2012. Post your comment!

Continue reading here: Regions Financial ([[RF]] -0.4%) is up 30% YTD, but there’s still time to jump on the bandwagon, Credit Suisse says in upgrading the shares to Outperform. The firm believes the next leg up will be driven by a lower-than-expected TARP capital…

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