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2Q Results

BB&T 2Q Profit Jumps 74% as Net Interest Income Rises

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BB&T's second-quarter earnings rose 74% on fewer charges, though results missed analysts' estimates, as the mid-Atlantic and Southeast regional bank saw net interest income ...

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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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