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All three U.S. stock indexes closed down roughly 1% Monday. Investors sold out of stocks on worries over the political and economic stability of the eurozone and the safety of the U.S. banking sector.
Business and financial news – CNNMoney.com

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May/12

9

OCCUPY BANK OF AMERICA

The 99% are preparing to occupy Charlotte, North Carolina, home of Bank of America’s corporate headquarters, ahead of the bank’s annual shareholder meeting Wednesday.
Business and financial news – CNNMoney.com

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What would Bank of America look like if it were owned by its customers?
Business and financial news – CNNMoney.com

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Apr/12

16

WORLD BANK PICKS KIM

American Jim Yong Kim was tapped by the World Bank’s board Monday to be the organization’s next president, besting Nigerian finance minister Ngozi Okonjo-Iweala following what was the first-ever challenge to the U.S. nominee in the institution’s history.
Business and financial news – CNNMoney.com

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Apr/12

16

New World Bank pick expected Monday

The World Bank is expected to announce its next president on Monday, and for the first time ever, it’s got a competition on its hands.
Business and financial news – CNNMoney.com

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Apr/12

5

THE KING OF BANK CEOS

JPMorgan Chase (JPM) disclosed on Wednesday afternoon that it paid its CEO million in 2011.
Business and financial news – CNNMoney.com

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Mar/12

8

MORE BANK FEES COMING

Wells Fargo is rolling out checking accounts that charge a month in six more states, expanding on its move to do away with free checking accounts altogether.
Business and financial news – CNNMoney.com

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Feb/12

27

BYE, BYE BIG BANK

New fees and poor customer service have sparked an exodus among big bank customers, many of whom switched to smaller institutions last year.
Business and financial news – CNNMoney.com

China’s central bank said it would cut the amount banks must hold in reserve, a step toward boosting lending and maintaining strong economic growth.
Business and financial news – CNNMoney.com

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The Justice Department charged Switzerland’s oldest bank Thursday with helping American taxpayers hide more than .2 billion from the Internal Revenue Service. The case marks the first time an overseas bank has been charged in the U.S. for aiding tax evasion.
Business and financial news – CNNMoney.com

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