AIG Seeks Clearance For More Bonuses: Officials at AIG, whose federal rescue package stands at $180 billion, have been reluctant to move forward without political cover from the government. Jim Hightower: Big Bankers Mounting Sneak Attack on Consumers: . In June, for example, Bank of America abruptly raised its fee for a basic checking account by 50 percent. Citibank jacked up the interest rate on some of its cards to 29.99 percent. And JPMorgan Chase more than doubled the required minimum payment on its cards. GM carmaker emerges from bankruptcy: GM has slashed its work force, closed 40 per cent of its dealerships and shed a number of brands.
Saturday 11 July 2009
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