Financial and Business Services

Mortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...

* Secrecy helped create big Liechtenstein banking industry * Financial sector in crisis over global clampdown on tax evasion * Hope EU would accept British-style amnesty deal * Budget cuts raise questions over prized political stability By Emma...

VADUZ (Reuters) - Liechtenstein is reluctantly prepared to discuss exchanging data on bank clients in response to a new European Union push for more transparency from the secretive principality and other tax havens, its prime minister said. "We have...

The upcoming SS&C SummerWind Performing Art Center season will begin May 31 with a new feature called Fridays at 5, described as a casual, inexpensive end-of-the-work-week concert series. The idea, SummerWind Executive Director Michael Campbell said, is...

Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...

MUMBAI (Reuters) - Former Citigroup Chief Executive Vikram Pandit is buying a stake in Indian financial services company JM Financial Ltd , JM Financial said in a statement on Thursday. Pandit, who resigned from Citi last October, will also become non-...

May 15 (Reuters) - Delinquency rates fell in most major U.S. banks for the month of April as more consumers continued to keep up with their bill payments. Credit card charge-offs rose except for Capital One Financial, Discover Financial Services and...

By Linda Stern WASHINGTON, May 15 (Reuters) - It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people - I'm sure they are all very respectful of their elders. (The policy-setting reserve bank presidents...

Fighting economic crosscurrents, Orlando-area residents managed to improve their financial situation in recent months, though not enough to change the region's first-place ranking among the country's most financially troubled metropolitan areas, according...

WASHINGTON -- American families reduced their debt load in the first three months of the year by 1 percent, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household...

By Sarah N. Lynch WASHINGTON, May 14 (Reuters) - A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of...

WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...