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MOVES-American Express, Castle Trust, Stifel Nicolaus
ReutersMay 7 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. AMERICAN EXPRESS The credit card company said Chief Financial Officer Daniel Henry...Tags: Raymond James Financial Incorporated, American Express Company, Economy, Business and Finance, Morgan Stanley Dean Witter & Company, Finance
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Special Report: Subprime bond bounces back, leaving behind a subprime borrower
ReutersWOLFEBORO, New Hampshire (Reuters) - During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006-FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including...Tags: Moody's Corporation, Credit Ratings, Rentals, Real Estate, Money and Monetary Policy
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Mundelein hopes to save $120,000 through bond refinancing
Mundelein plans to refinance $5 million worth of bonds in a move that will save the village more than $100,000 by 2025, officials said. The village board approved a $22,000 contract with financial services firm Kane, McKenna and Associates, Inc. to...Tags: Economy, Business and Finance, Finance, Money and Monetary Policy
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BofA settles another mortgage lawsuit but is facing a new one
NEW YORK — As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under. BofA agreed to settle a big insurer's claims over faulty mortgage bonds for $1.7 billion Monday. But...Tags: JPMorgan Chase & Co., Litigation, Insurance, Kamala D. Harris, New York City
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Opel expects cheaper car deals after taking finance in-house
ReutersBy Edward Taylor RUESSELSHEIM, Germany, May 6 (Reuters) - General Motors' lossmaking European carmaker Opel expects to boost the proportion of cars sold on financing with the offer of cheaperer loans and leasing deals now that it has taken its German...Tags: Manufacturing and Engineering, Vehicles, Automotive Equipment, New Products, Germany
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REFILE-Opel expects cheaper car deals after taking finance in-house
ReutersBy Edward Taylor RUESSELSHEIM, Germany, May 6 (Reuters) - General Motors' lossmaking European carmaker Opel expects to boost the proportion of cars sold on financing with the offer of cheaper loans and leasing deals now that it has taken its German...Tags: Manufacturing and Engineering, Vehicles, Automotive Equipment, New Products, Germany
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US housing perks up, but too few homes for sale
GRAND RAPIDS, Mich. (AP) — Beth Heinen Bell and her husband, Christian — like a rising number of Americans — are ready to jump into the real estate market and become homeowners. Yet they're running into an obstacle that's keeping the...
Tags: Rentals, Realty, Real Estate, Real Estate Buyers, Real Estate Sellers
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New York AG to sue BofA, Wells Fargo over mortgage practices
ReutersBy Karen Freifeld NEW YORK, May 6 (Reuters) - New York Attorney General Eric Schneiderman on Monday said he plans to sue Bank of America Corp and Wells Fargo and Co over their mortgage practices. Schneiderman alleges the banks have repeatedly violated...Tags: Litigation, Wells Fargo & Co., Trials, Bank of America Corp., Mortgages
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Opel espera aumentar ventas con financiación tras recuperar licencia
ReutersPor Edward Taylor RÜSSELSHEIM, Alemania, 6 mayo (Reuters) - La deficitaria automotriz europea Opel, controlada por General Motors, dijo el lunes que espera aumentar la proporción de autos vendidos por financiación con la oferta de préstamos y...Tags: General Motors Corp.
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CORRECTED-SPECIAL REPORT: Cheap money bankrolls Wall Street's bet on housing
Reuters(Corrects Tony Hsieh's title to CEO of Zappos, not founder, in 40th paragraph) * Institutional investors inflating Las Vegas market * Fed easy money policy boosting some housing markets * Some investors backing away from housing trade * Vegas...Tags: Lifestyle and Leisure, Auction Service, Rentals, Realty, Money and Monetary Policy
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Special Report: Cheap money bankrolls Wall Street's bet on housing
ReutersLAS VEGAS (Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qualified by a bank for a $130,000 mortgage, which a year ago would have landed a typical three-...Tags: Lifestyle and Leisure, Auction Service, Rentals, Realty, Real Estate
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N.Y. to sue Wells Fargo, Bank of America over mortgage practices
NEW YORK -- New York state's attorney general plans to sue Wells Fargo and Bank of America over alleged violations of a national mortgage settlement reached last year. Atty. Gen. Eric Schneiderman's office said Monday it intends to sue the banks for...
Tags: JPMorgan Chase & Co., Litigation, Trials, Bank of America Corp., Citigroup Incorporated
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Reuters
May 6, 2013
|Story| Chicago Tribune
May 7, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Petoskey News
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Los Angeles Times
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