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Thursday, May 17, 2012

Reuters Money: Only the ECB can make it a bank run: James Saft

Reuters » Money 2012
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05/17/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Only the ECB can make it a bank run: James Saft
(Reuters) - A spreading bank run could hasten Greece's exit from the euro zone but it certainly doesn't have to end that way.
The $1,000 vacation cellphone bill
NEW YORK (Reuters) - Using my cellphone to check e-mail while traveling internationally has always made life easier - until my last trip, that is.
Several brokerages stop taking Facebook IPO orders
NEW YORK (Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.
AIG, Allstate, others on ResCap creditor committee
(Reuters) - Nine creditors of Residential Capital LLC, including the insurers American International Group Inc and Allstate Corp, were selected to join the unsecured creditors committee for the mortgage lender's bankruptcy.
Avoiding a year-end fiscal cliff
WASHINGTON (Reuters) - The November 6 elections are less than six months away, but lawmakers and Washington insiders are already trying to figure out what Congress will do in a post-election session to avoid what is being described as a January 1 "fiscal cliff."
Shareholders sue JPMorgan Chase over trading loss
NEW YORK (Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
A post-IPO Facebook strategy
NEW YORK (Reuters) - Try as they might, many retail investors won't be able to get shares of Facebook in its first hours of trading.
No big insights at "best ideas" hedge-fund event
NEW YORK (Reuters) - A highly anticipated hedge-fund conference on Wednesday where managers are invited to share their "best ideas" with investors fell flat on that score.
Stern Advice: How to vet that investment adviser
WASHINGTON (Reuters) - The Securities and Exchange Commission is taking its own sweet time coming up with a rule that would make all investment advisers put their clients' interest first.
Foreclosed Americans find way back to homeownership
NEW YORK (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.
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