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U.S. Treasury official defends bank rescue program

WASHINGTON –– Treasury Secretary Timothy Geithner defended the bank rescue program devised by the Obama administration Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global cr

Working longer, fewer benefits: Americans postponing retirement

America’s workers are delaying retirement, their human-resources executives said in a recent survey.

CD Partner: Money Smart Week

More than 400 free educational classes, seminars and activities will take place around the state and focus on financial topics for people of all walks of life.

CD Partner: Harris Bank

In the current economic environment, there is a greater need to be well informed about our financial choices. While there is no definitive instruction manual for money, financial education has become more of a necessity.

Four new board members up for vote at Citi meeting

NEW YORK — The anger was evident at Citigroup Inc.'s annual meeting, where shareholders took turns at the microphone to object to how the bank has been operating.

Geithner defends bank rescue program amid warnings

WASHINGTON — Treasury Secretary Timothy Geithner acknowledged continued weaknesses in the U.S. financial system Tuesday, citing declines in consumer lending and higher costs for credit despite billions of dollars of government money for financial in

Leading economic indicators dip more than expected

NEW YORK — A private sector group's index of leading economic indicators fell more than expected in March, but the forecast called for the U.S. recession's intensity to ease this summer.

White House: Obama to address credit card abuses

WASHINGTON — The White House says that it will back congressional efforts to clamp down on credit card abuses in an effort to address the recession's effect on Main Street.

Citigroup, GE earnings lift hopes for economy

WASHINGTON — A flurry of better-than-expected bank earnings reports this week, coupled with some tentatively encouraging economic data, suggest the economy and the financial system might not be quite as sick as many had believed.

Consumers cry foul over bank, debit card fees

WASHINGTON –– Carolyn Williams was unsure about the exact amount in her bank account when she went shopping. She wasn’t really worried because she knew her debit card would only cover costs for the amount of money she had in the bank.
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