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If banks are hit once more, and perhaps not bailed out once more, will this impact their ability to purchase stocks and bonds? Breaking monetary market information from Reuters and leading third-celebration sources. Examples were given of banks like Nedbank (RSA) and J P Morgan (USA) which management huge real property investments in their portfolios.
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Although the stock market breathed an indication of reduction at this settlement information, because it quantified Bank of America’s losses from such lawsuits, some market observers aren’t convinced that that is the last settlement that Bank of America will pay for its involvement in the mortgage-backed securities business.