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A Further Retrenchment as Capitol Merges More Units

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The $5.7 billion-asset company is merging four of its Arizona banks into one and nine of its Michigan banks into one as it looks to strengthen its operations in ...

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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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