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Buyout-Backed Japanese Banks to Merge (New York Times) |
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Two Japanese banks backed by American investors said Wednesday that they would merge next year in a bid to recoup large losses on risky investments overseas and bad loans at home, The New York Timess Hiroko Tabuchi reports.
Banks boost their profits by raising loan rates (Daily Mail: World News)
Banks boost their profits by raising loan rates
Student Loan Consolidation (WCAV Charlottesville)
A new federal student loan program goes into effect next month, offering grads an opportunity to consolidate their loans at a low interest rate.
Nordic countries come to Iceland's rescue (AP via Yahoo! Finance)
Denmark, Finland, Sweden and Norway signed loan agreements with Iceland on Wednesday that will provide the struggling nation with $2.5 billion over the long term.
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