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Tag Archives: Citigroup Inc.

JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through ...

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Treasury demands banks with TARP funds report lending

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to ...

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