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Utility Sues Banks over Derivative Sales

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Bank of America, UBS and JPMorgan Chase were sued by a California public utility that claimed they had rigged sales of municipal derivatives and shared illegal profits ...

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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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