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April 15, 2007
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Yahoo! Finance: Banking News
Judge slams Credit Suisse's 'greedy antics'
[AP] - A federal bankruptcy judge said he would not reward the "greedy antics" of financial giant Credit Suisse by ordering the repayment of $229 million on a loan it arranged for Montana's exclusive Yellowstone Club.
Debit rules bigger risk for Visa than MasterCard
[AP] - Payment processors Visa Inc. and MasterCard Inc. face uncertainty as the Federal Reserve begins crafting the new rules for debit card fees called for in the financial reform legislation.
Don't tap retirement fund to pay off mortgage
[at MarketWatch] - In this week's Realty Q&A, a retiree says his only debt is his $94,000 mortgage, and he wonders whether he should tap his 401 to pay off that bill. Lew Sichelman offers some advice.
Is it safe to invest in a one-star bank?
[Bankrate.com] - What's more important: a bank's safety rating or its yield on deposits?
Financial crisis hits condo associations
[at MarketWatch] - People often buy a condo unit partly because they don?t need to worry about cutting the lawn or fixing the roof -- their condo association takes care of maintenance and repairs for them, with those services paid through homeowner assessments each month.
Are Credit Unions a Safe Way to Earn a Higher Yield?
[Morningstar] - These financial institutions offer protections equivalent to those of banks, but there may be drawbacks to making a switch.
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