Panel Approves Key Regulatory Law On Big Banks
The House Financial Services Committee backed 31 27 a bill to dismantle financially risky firms even if healthy and to audit the Federal Reserve. It would fund supervision via fees on large banks and set up a new consumer finance protection agency.
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FDIC finds large share of minorities poor lack bank access
The FDIC survey shows more than a million households lost basic banking access last year, part of 30 million with little or no access. Black, Hispanic and American Indian families are most affected, with 71 percent of unbanked earning under $30,000. The Census Bureau conducted the January 2009 study for the FDIC.
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Federal Deposit Insurance Corp
U.S
FDIC
Financial
Sheila Bair
Bair
The
Census Bureau
Oil price drops as supply outpaces demand worldwide
Oil prices fell on Wednesday as signs of weak energy demand and ample supplies persisted. Benchmark crude at $76.65, Brent at $78.68, while the EIA reported higher gasoline stocks and refiners cutting output. U.S. pump prices rose slightly to $2.629 per gallon amid broader price gaps versus last year.
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Wednesday's MarET IN REVIEW Chng 9 NAY het Mbit
The brief notes a Wednesday market wrap covering nine changes and a nationwide data shift, highlighting notable movements in net equities and rates. It mentions a modest uptick in trading mood and hints at momentum across technology and consumer sectors.
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