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The Bank of America expects to shed 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch. But the final number of jobs cut from the US banking giant could be even higher,
The White House stepped into the breach early Friday, expressing support for Treasury to use TARP funds to bailout the U.S. automakers. “Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and
My wife and I have a monthly mortgage payment of $3,200 per month and our combined income is $180,000. We each made the maximum contribution to our 401(k) accounts of $15,500. I calculated that for the past 3 years, if we had redirected our 401(k)
Banks have promised to change the way they deal with business customers The banking industry says it will help small business customers in difficulty during the economic downturn. Lenders have revised their guidelines for dealing with these customers.