90 at 9: Politicians attack bank profits; Dow down 2.5% as US retail sales fall
14th May 09, 9:24am
by
Bernard Hickey details the key news overnight in 90 seconds at 9 am, including comments from Finance Minister Bill English and Labour Finance Spokesman David Cunliffe that the banks should produce lower profits; and news the Dow is down 2.5% in late trade after weak US retails sales and a jump in home foreclosures (mortgagee sales).
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