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US bank earnings dip 2 percent in 1Q amid low oil prices

low oil prices

WASHINGTON (AP) — The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans. U.S. bank earnings dipped 2 percent in the first three months of the year to $39.1 billion from $39.8 billion a year earlier, data ...

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US stocks jump as JPMorgan gives banks a big boost

US stocks jump as JPMorgan gives banks a big boost

NEW YORK (AP) — U.S. stocks climbed again Wednesday as quarterly results from JPMorgan Chase gave banks a big lift. Economic news from China powered industrial and technology companies in the U.S. and stock exchanges overseas. JPMorgan Chase, the largest bank in the U.S., led a rally in financial stocks after its first-quarter results came in better than analysts expected. ...

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JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan Chase said its first-quarter profit fell more than 8 percent from a year earlier, and future profit growth could be threatened after it failed a key regulatory test designed to prevent another financial crisis. First quarter profit at JPMorgan, the nation’s largest bank by assets, was hurt by weak results at its investment banking division and by loans to ...

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ND counties raise housing loan limit

housing

As of Jan. 1 residents of the counties of Burleigh, McKenzie, Morton, Oliver, Sioux, Stark and Williams will be able to take out more money for FHA housing loans. Affordable housing has been an ongoing struggle in the western part of North Dakota, following an oil boom that has caused the population to increase exponentially an extreme amount. This increase ...

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Student debt and the reality of the US job market

John Deede | Shale Plays Media Google+ The Obama administration made efforts this week to reduce the student debt burden on millions of people repaying college tuition loans. Obama signed an executive order Monday that will limit repayments of federal student loans to 10 percent of monthly income for up to 5 million people. Unfortunately for those affected, the order does not ...

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