Buffett’s $50 million credit card blunder

Peddling credit cards isn’t so easy that a caveman can do it.

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Buffett’s $50 million credit card blunder

Market for hard-to-sell assets gets a big boost

The charity foundation of Li Ka-shing, Hong Kong’s richest man, and Singapore’s sovereign wealth fund said Tuesday they had invested $15 million in SecondMarket. You may not have heard of this fast-growing New York-based company, but it’s created new exchanges where companies and investors can sell assets they might otherwise have had trouble unloading.

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Market for hard-to-sell assets gets a big boost

‘A rival stole my staff’

Last time we checked in with Debra Killian, the co-founder of Charter Oak Lending Group in Danbury, Conn.

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‘A rival stole my staff’

How Main Street banks get what they want

In the wake of the financial meltdown, Wall Street banks remain pariahs in Washington.

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How Main Street banks get what they want

American Express profit tumbles

Read full story for latest details.

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American Express profit tumbles

Consumer protection agency moves ahead

A key House committee on Thursday approved the most high-profile part of the White House plan to prevent future financial collapse: The creation of a new agency to regulate consumer financial products.

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Consumer protection agency moves ahead

Federal action prevented second Great Depression — White House

Without the bold steps taken by the federal government over the past year, the country could have fallen into a second Great Depression, said the White House’s chief economic adviser.

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Federal action prevented second Great Depression — White House

Overdraft fees: Senate gets tough

Senate leaders on Monday unveiled their proposal to tackle overdraft fees, the penalties banks charge customers who spend more than they have in their accounts.

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Overdraft fees: Senate gets tough

Crisis chief: AmEx’s Chenault

American Express CEO Ken Chenault is one of the few Wall Street chiefs who have come through the financial meltdown and recession looking good.

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Crisis chief: AmEx’s Chenault

Time for big banks to show the money

A year after the government applied a tourniquet to the banking industry, the bleeding has slowed — but it hasn’t stopped.

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Time for big banks to show the money

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