The Wall Street Journal
Banking
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The European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
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An executive who oversaw risk management at the unit that made trading blunders that have cost J.P. Morgan Chase & Co. at least $2 billion this year earlier lost millions while trading for the unit.
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Madrid still hasn't explained how it plans to recapitalize Bankia. Unless the government acts fast to end the uncertainty, confidence in its ability to handle the crisis will continue to evaporate.
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Who knew what when? That is a big question still hanging over J.P. Morgan Chase's more than $2 billion trading loss. Also important, though, is the corollary: Who didn't know what and why?
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U.S. regulators closed a bank in Alabama, bringing the nationwide tally of bank failures to 24 for the year.
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Banks, savings banks and thrifts that have failed since 2008.
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