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What Did OCC, MF Global, and Ken Lewis Know, and When’d They Know It?

Receiving Wide Coverage ...

Interest Rates: The recent and rapid flattening of the yield curve could put a renewed squeeze on banks’ net interest margins in second quarter results, the Journal’s “Heard on the Street” column warns. On the bright side (from the banks’ perspective), the FT notes that consumer mortgage rates have fallen more slowly than the rates on their benchmark instruments, Treasury and mortgage-backed securities, juicing the profit margins in mortgage banking. Also in…

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