Banks have opened record short futures position on S&P 500; Major U.S. banks set to close 1,000 branches this year

Major U.S. banks set to close 1,000 branches this year, with Bank of America leading the closures.

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Tanked: The Financial Crisis Is Still With Us

Every month, rise or shine, the Federal Reserve Bank, an institution that most Americans believe is a branch of government or a federally run central bank, has one of its computers add $55 billion—that’s dollars with a B—to its ledger and balance sheet.

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