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According to IMF director general Dominique Strauss-Kahn, more major financial institutions may be in trouble in the coming months. He said he also believes the world economy will recover in the next year.
Many are worried about the federal bail out of AIG. …

European bank HSBC reported a 29% drop in first half profits. In the same half in 2007, HSBC posted a $10.9 billion profit, while in the same half this year they posted a $7.7 billion profit.
HSBC holds Household International Inc. partially responsible for the …

According to a press release put out today, Comcast has teamed up with Nintendo to offer the popular Wii console system to new subscribers to the “Triple Play” package. The triple play package includes digital cable, high speed cable internet, and digital telephone.
It …

The FBI is starting an investigation into IndyMac about home loan fraud. (as of right now) No one knows when the FBI started their inquest, but I am pretty sure it started around the time the government seized the bank.
The FBI doing an inquest …

On Friday, federal regulators seized IndyMac’s bank assets. The lender was overtaken because of falling home price and increasing foreclosures. It has become the second largest financial institution in the United States to close…ever.
I find it strange that this came the same day speculation about …