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By Rachel Witkowski
JUL 26, 2010 5:11pm ET

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Capital Bank's Earnings Press Release (PDF)

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2Q Results

Capital Bank's 2Q Loss Shrinks

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Capital Bank reported a net second-quarter loss of $594,000, which was an improvement of 43% compared with a year earlier.

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What the Mortgage Settlement Means to Banks
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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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17th Annual Best Practices in Retail Financial Services Symposium
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