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First Financial of S.C. Plans to Raise Capital for Growth

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Though its credit quality weakened, First Financial in Charleston, S.C., said Friday that earnings for its fiscal fourth quarter, which ended Sept. 30, increased 21.5% from ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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