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51 MINS AGO - Washington Business Journal

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U.S. banks post 7 percent profit growth in first quarter

U.S. banks boosted profits to $39.8 billion in the first quarter, up 6.9 percent from the first quarter of 2014. That’s the word from the Federal Deposit Insurance Corp. In addition, banks saw their net operating revenue jump 2.6 percent, to $168.4 billion. The results include roughly 6,400 FDIC-insured commercial banks and savings institution, 63 percent of which saw year-over-year ...

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1 HOUR AGO - Business Insider

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FINANCIAL ADVISOR INSIGHTS: Do these things to prepare clients for the loss of a spouse

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. How to prepare clients for the loss of a spouse (Financial Planning) Financial Planning spoke with Benjamin Birken, a CFP with Woodward Financial Advisors, about how to prepare financially for the death of a loved one. Birken suggests preparing in advance because, he says, "Giving ...

Tags: FINANCIAL ADVISOR INSIGHTS: Do these things to prepare clients for the loss of a spouse,  Insurance Latest News

1 HOUR AGO - Zero Hedge

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U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses

Submitted by Charles Hugh-Smith of OfTwoMinds blog, How do you support a consumer economy with stagnant incomes for the bottom 90%, rising basic expenses and crashing employment for males ages 25-54? Answer: you don't. Frequent contributor B.C. passed along a sobering set of charts that provide context for How The Average U.S. Consumer Spends Their Paycheck. The basic story is well-known to ...

Tags: U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses,  Insurance Latest News

2 HOURS AGO - Zero Hedge

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Goldman Sachs Warns “Too Much Debt” Threatens World Economy

Goldman Sachs Warns "Too Much Debt" Threatens World Economy - Debt load of many countries is an economic risk- Ageing populations in developed world to put pressure on economies- Goldman proposes "creative" social policy to deal with looming crisis- Entire debt-based monetary system needs reform The debt burden – particularly in "developed" countries – along with ageing populations poses a ...

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2 HOURS AGO - TheStreet

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Strong Dollar Is Killing U.S. Economic Growth and Putting Fed Rate Hikes on Hold

NEW YORK (TheStreet) -- The strong dollar continues to drag down U.S. growth, complicating the Federal Reserve's plans to raise interest rates, and casting serious doubts on President Obama's proposed free trade agreement with Asian nations. The Commerce Department reported first quarter GDP was down 0.7%. The severe winter put the skids on new home construction, and falling oil prices nixed ...

Tags: Strong Dollar Is Killing U.S. Economic Growth and Putting Fed Rate Hikes on Hold,  Insurance Latest News