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Goldman exits China's ICBC, seven years and billions later
ReutersHONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original...Tags: Citigroup Incorporated, Financial Markets, Economy, Business and Finance, Joint Ventures, China
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Trade group SIFMA names ex-Senator Gregg as CEO
ReutersNEW YORK (Reuters) - SIFMA, the securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and Congress. The Securities Industry and...Tags: Government, Financial Markets, Economy, Business and Finance, Elections, JPMorgan Chase & Co.
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Broker-dealer LPL overhauling compliance practices after fines
ReutersNEW YORK (Reuters) - LPL Financial Holdings Inc, a fast-growing broker-dealer that offers services to more than 13,000 independent stockbrokers, is overhauling its compliance procedures following a flurry of regulatory complaints about sales abuses. LPL,...Tags: Finance, Regulatory Policy and Organizations, Morgan Stanley Dean Witter & Company, Punishment, Economy, Business and Finance
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FACTBOX-U.S. Treasury acts to avoid hitting debt limit
ReutersMay 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now...Tags: G7, Government, Financial Markets, Japan Earthquake and Tsunami (2011), Civil and Public Service
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Former GOP Senator Judd Gregg named CEO of lobbying group SIFMA
ReutersNEW YORK, May 20 (Reuters) - The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday. The appointment of the veteran politician, who also was...Tags: Management Change, Financial Markets, Finance, Economy, Business and Finance, Republican Party
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Missing Boca attorney had ties with companies facing FTC lawsuit
Missing Boca Raton attorney Timothy McCabe once had ties to what federal authorities have described as a web of South Florida businesses that financially preyed on people desperate to avoid foreclosure, the Sun Sentinel has found. McCabe got some of his...
Tags: Legal Service, Trials, Tampa, Loans, Laws
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SEC review of brokerages use of arbitration not seen in 2013
ReutersWASHINGTON (Reuters) - Wall Street brokerages' use of mandatory arbitration clauses merits a regulatory review, but the Securities and Exchange Commission will not have time to undertake one before 2014, an SEC commissioner said on Monday. The agency...Tags: Elisse Walter, Financial Markets, Arbitration, Finance, Economy, Business and Finance
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E-mail address locked in limbo
Star Tribune (Minneapolis)A company that overpromises what it can deliver should never deal with a lawyer. That's what Comcast did with Minneapolis attorneys Richard Fuller and Charles Horowitz, who recently opened a new two-person law firm. They ordered Comcast's business-...Tags: Computing and Information Technology Industry, Computer Networking and Internet, Legal Service, Email, Crime, Law and Justice
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3 big banks nearly halt foreclosure sales after U.S. tweaks orders
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...Tags: Citigroup Incorporated, Mortgages, U.S. Department of the Treasury, Foreclosures, Office of the Comptroller of the Currency
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READER SUBMITTED: Tara Scott Joins LPL Financial As Financial Consultant Representing American Eagle Financial Services
West HartfordTara Scott of West Hartford, has been hired as a Financial Consultant with LPL Financial to represent American Eagle Financial Services. Tara has 15 years of experience in the financial services industry and is a registered Investment Representative with...Tags: Farmington (Hartford, Connecticut), East Hartford, Hartford (Hartford, Connecticut), New Britain, Enfield
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Orlando woman lied about military service to avoid paying mortgage, feds say
No lie was too big to tell for an Orlando woman who wanted a new home in Pensacola, but didn't want to pay the mortgage for her Orlando home, federal officials said. Chantal M. Lanton, 37, of Orlando is accused of falsely claiming to be an officer in the...
Tags: Mortgages, Trials, U.S. Air Force, Crime, Law and Justice, Judges
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Smaller and cheaper
The Baltimore SunBALTIMORE - Greg Cantori plans to downsize when he retires. Really, really downsize. His retirement home is 238 square feet -- one-tenth the size of the average new American house -- and sits in his Anne Arundel County, Md., yard. He and wife, Renee,...Tags: Homes, Baltimore County, Roland Park, Pasadena (Anne Arundel, Maryland), Tameka Cottle
May 20, 2013
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|Story| South Florida Sun-Sentinel
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|Story| South Bend Tribune
May 19, 2013
|Story| Los Angeles Times
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|Story| Hartford Courant
May 18, 2013
|Story| Orlando Sentinel
May 18, 2013
|Story| South Bend Tribune
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