New York City, NY – In 2008, U.S. banking giant Citigroup, about to become yet another failed financial institution, received in the ballpark of $45 billion in federal help. Now Citigroup has made a good profit of $2.99 billion in 2011 1st Quarter (1Q) for the fifth straight quarter. Though that number is down...
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Lisbon, PORTUGAL – Today Portugal’s Prime Minister Jose Socrates stated that his country is not going to be asking for a financial bailout from the European Union (EU). As of now PM. Socrates’s announcement has halted some bailout speculations. However, many economists still say it is only a matter of time and that the...
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– The Office of Fair Trading is threatening 129 out of 142 firms which, unless they improve the way they treat consumers, they will lose their credit license putting them out of business. These companies have sprung up in recent years in direct response to Britain’s personal debt crisis. Collectively we owe some £1.7trn...
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