July 5, 2014

Investment financial definition of Investment

The move makes Britain the biggest economy to date to impose mortgage lending curbs as it tries to stop a repeat of the type of housing bubble seen in the United States and other countries before a 2007 bust that triggered the global financial crisis. ..more

For rich Canadians, having a mortgage may not be a necessity but a considered and deliberate investment strategy, finds an Investors Group survey. A poll of people with investable assets of $500,000 or more, finds 67% of those who have a mortgage also have ..more

The cost of fixed rate mortgages is edging up from record lows as lenders prepare for an interest rate rise. Research by Moneyfacts shows that after three months of historically low rates, loans for borrowers with deposits of between 10pc and 40pc have ..more

The Home Loan Arranger, Denver Mortgage Broker Jason M. Ruedy, is not a proponent of reverse mortgages for every senior. However, he believes this type of loan is an excellent option for seniors who meet a certain set of criteria. While many deem reverse ..more

It was the slicing and dicing of mortgages into digestible bite-sized chunks called derivatives that was a key contributor to the U.S. financial meltdown in 2007. Once they unwound, they threatened the banking system itself. Until recently, China has ..more

Average U.S. mortgage rates are near historically low levels. Mortgage company Freddie Mac says that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week. The average for the 15-year mortgage, which had taken a ..more

Washington: In his June 30 Op-Ed, Seize the loans of belly-up homes, Robert Hockett fails to recognize how using eminent domain to seize underwater mortgages would actually hurt many more borrowers than it would help. Lenders and investors would ..more

For the second straight week, homebuyers enjoyed rates on 30-year fixed-rate mortgages that were lower than they were at the same time last year, Freddie Mac reported. Rates on 30-year fixed-rate mortgages averaged 4.12 percent with an average point of 0.5 ..more

SunTrust Banks, Inc. (NYSE: STI) performs its banking operations through SunTrust Bank, which provides mortgages loans for borrowers. With the exception of loans backed by the Federal Housing Administration (FHA) for customers with low credit scores ..more

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June 26, 2014

The Alberta government

Have Banks Learned a Lesson on Easy Credit?
The U.S. has suffered through a financial crisis and a disappointingly slow recovery largely because too many people borrowed too much money, primarily for residential mortgages but also to finance credit-card purchases, and lenders let them. A study
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Not seen much credit growth this year: City Union Bank
City Union Bank s CFO S Sundar blames weak macro growth for their muted 6-7 percent credit growth. Despite some policy measures being announced, he does not see much improvement in credit growth so far. With the government deciding to provide additional
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Ex-Credit Suisse trader spared prison for faking mortgage prices
The former trader, David Higgs, who pleaded guilty in 2012 to a conspiracy charge, was ordered to forfeit $900,000 to the government and pay a $50,000 fine by U.S. District Judge Alison Nathan in New York. According to the office of Manhattan U.S. Attorney
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Make Money Off Credit Card Sign-Up Bonuses
If you could easily make several hundred extra dollars a year with minimal effort, would you do it? Most people would say yes, but when you tell them that the way to do it is by opening new credit card accounts, they get nervous. They're afraid the new
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Neil Barofsky, Old Foe of Bank Bailouts, Said to Be a Monitor for Credit Suisse
Neil Barofsky was a government gadfly who made a career of needling, and at times pillorying, Wall Street and Washington over the 2008 bank bailouts. Now a partner at a private law firm, without access to power he once wielded as a federal prosecutor, he
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June 24, 2014

Negotiable instrument representing financial value

How Credit Suisse Got Off Easy
Last fall, James Cole, the No. 2 man at the Justice Department, sent an intriguing email about the criminal investigation of Credit Suisse s offshore tax-evasion schemes for wealthy American clients. He asked Kathy Keneally, the agency s top official
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Hillary Clinton wants credit for paying income tax. Here s how much she deserves.
Just a week after Hillary Clinton stepped in it over her family s post-presidency finances, she has again offered some questionable comments suggesting a link with ordinary struggling Americans. She argued to the Guardian that her family's wealth would
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What Does Your Credit Score Mean?
So you have a credit score of 700 (or hopefully higher.) Great! What does this really mean? We all know a high credit score is better than a low score, but how do you know if your score is good? If you compare yourself to the average American, whose credit
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June 20, 2014

Investing for the future

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. To reduce the tax pinch, the Clintons are using financial planning strategies befitting the top 1 percent of U.S. households in wealth. The move could save the Clintons hundreds of thousands of dollars in estate taxes, said David Scott Sloan, a partner at Holland & Knight LLP … …more

Fitch Ratings affirms the 'AAAsf' senior notes and 'Asf' subordinate notes issued by SLM Student Loan Trusts 2006-8, 2006-9, and 2007-1. The Rating Outlook remains Stable on all of …more

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June 14, 2014

Loans

Savings would go where, exactly?: Letter
While I agree with the philosophy contained in The Star-Ledger s editorial Maxed out (June 8) on lengthy prison sentences, I have no confidence that any millions potentially saved would be invested to fund those services for treatment and job
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The 4 best ways to jump-start your retirement savings
Saving for retirement is a lot like dieting. We all know what we should be doing, but actually doing it is hard. It s much easier to make excuses. We re busy. We have responsibilities to children, to older parents that compete with our ability to
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Retirement Savings Fears Grip Americans: I Don t Have Enough
Americans are freaking out about their personal savings and for good reason. A recent Gallup poll found that 59 percent of those surveyed were very or moderately worried they won t have enough money for retirement by far their biggest concern.
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Tyson Will Need to Find Cost-Savings With Hillshire
While Hillshire would make Tyson one of the biggest suppliers of meat and higher-margin prepared foods to U.S. grocery stores, analysts said the cost is steep. Investors appeared to agree, pushing down Tyson shares 6.6% on Monday. "It's definitely
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Savings

Retired parents are taking out mortgages that will outlive them and be inherited by their children in order to get the next generation on to the property ladder, experts have revealed. Some parents and children are buying properties together, planning for ..more

Just 8% of mortgages in the L.A. metro area, and 17% in the Inland Empire, are underwater Rising home prices means fewer homes are underwater in Southern California Rising home prices pulled more Southland homeowners back above water on their mortgages at ..more

Andrew Grice has been Political Editor of The Independent since 1998. He was previously Political Editor of The Sunday Times, where he worked for 10 years, and he has been a Westminster-based journalist since 1982. His column, Inside Politics, appears in ..more

Justice initially asked for $10 billion to end its investigation into how the bank packaged mortgages into securities in the lead-up to the 2008 financial crisis. But Citigroup has refused to pay that amount, arguing it had a small share of the securities ..more

BANKS AREN T TACKLING the issue of buy-to-let mortgages which have been left to fester , according to one leading academic. Trinity College Dublin finance Professor Brian Lucey said that latest figures showed there has been no push to tackle the ..more

Commercials about reverse mortgages have been all over the airwaves with celebrity spokesmen encouraging seniors to learn more and take one out. In one of the countless commercials that the American Advisory Group has been airing nationally, former ..more

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June 13, 2014

Securities & Investment Institute

Americans are freaking out about their personal savings and for good reason. A recent Gallup poll found that 59 percent of those surveyed were very or moderately worried they won t have enough money for retirement by far their biggest concern. ..more

June 12, 2014 Bristol County Savings Bank (BCSB), headquartered in Taunton, Massachusetts, has been designated as an SBA Preferred Lender, according to an announcement made today by Robert H. Nelson, Massachusetts District Director of the U.S ..more

This is week six of the 52-week savings challenge series. For week five of the challenge, GOBankingRates suggested you save $5 by going meatless for one meal. For week six of the 52-week savings challenge, you ll need to save $6. We suggest you find ..more

Cult of Mac Deals has cooked up great savings on a slew of killer Mac apps apps that will foster the writer in you, bring out the best in your photos, and compress files like a champ. Scrivener is a winner of two Macworld Eddy Awards, and is also being ..more

While Hillshire would make Tyson one of the biggest suppliers of meat and higher-margin prepared foods to U.S. grocery stores, analysts said the cost is steep. Investors appeared to agree, pushing down Tyson shares 6.6% on Monday. "It's definitely ..more

Wal-Mart (NYSE: WMT ) has announced that it plans to expand Savings Catcher, its experimental price comparison service, nationwide this summer. The service, which was developed by Wal-Mart's @WalMartLabs R&D center, was tested in a pilot trial in seven ..more

Baltimore residents have struggled to find high savings account rates; the citywide average has hovered at a rather unimpressive 0.09% APY, as determined by a GOBankingRates savings rates investigation. Despite this average, however, Baltimore ..more

Saving for retirement is a lot like dieting. We all know what we should be doing, but actually doing it is hard. It s much easier to make excuses. We re busy. We have responsibilities to children, to older parents that compete with our ability to ..more

Michele Lerner, a contributing writer to The Motley Fool, has been writing about personal finance and real estate for more than two decades. Her work has been published in a wide range of publications and websites including Bankrate, The Washington Post ..more

The government claims that it has hit its targets with 14.3 billion of efficiency and reform savings announced this week, 200 million (or 1.4 percent) of which was due to its digital activity. Chancellor George Osborne and Cabinet Office minister ..more

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June 8, 2014

Securities & Investment Institute

ETF Securities Joins LME in Proposing Silver Fixing
ETF Securities Ltd., an exchange-traded-products provider with about $19 billion of assets, proposed an alternative to the century-old London silver fixing benchmark process that s set to end in August. The proposal made to the London Bullion Market
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Scott Brown Resigns From Firm Whose Executives Were Sued For Securities Fraud [UPDATE]
Former Sen. Scott Brown (R-Mass.), who has criticized the judgment of his Senate opponents, may face questions about his own. Executives at a Florida firm with substantial ties to Brown were sued in 2012 for allegedly committing securities fraud in a "pump
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Citic Securities: Interest in Chinese REITs High
As far as I know, there are investors who are looking forward to buying the REIT in the secondary market, said Zhou Qian, general manager of CITIC Goldstone Fund Management Co., in an interview with the Wall Street Journal. Citic Securities Co
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Thoughts On Investing In Convertible Securities
Monetary policy around the globe has been shifting visibly away from the ultra-accommodative approach that began during the 2008-2009 financial crisis, and many observers now believe interest-rate risk may be on the rise. Meanwhile, rising geopolitical
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SEC accuses Los Angeles firm Wedbush Securities of market-access violations
Wedbush allowed thousands of anonymous overseas traders to make billions in secret trades, the SEC says. Wedbush Securities disputes the SEC's allegations that it violated market-access rules. The U.S. Securities and Exchange Commission on Friday accused
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Wedbush Securities Faces SEC Claims of Market-Access Violations
Wedbush Securities Inc., the Los Angeles-based brokerage consistently ranked among the top firms by Nasdaq trading volume, was accused by the U.S. Securities and Exchange Commission of violating market-access regulations. Wedbush, by failing to maintain
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SEC charges Wedbush Securities, 'dark pool' broker Liquidnet with stock market violations
WASHINGTON A brokerage firm that operates a so-called "dark pool" trading system has agreed to pay $2 million to settle federal civil charges of using customers' confidential trading data to market its services. The settlement between Liquidnet Inc
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June 4, 2014

London Stock Exchange

AT&T Predicts Company Savings if DirecTV Merger Goes Through
AT&T s proposed near-$50 billion acquisition of DirecTV could pay off within three years, according to a new filing with the Securities & Exchange Commission. Three years after closing, AT&T will have made its money back and then some, predicting $1.6
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Cost Savings Rescue FMCG Giants From Currency Woes
In the last year or so, emerging market currencies such as the Brazilian Real, the Indian Rupee, the South African Rand, the Venezuelan Bolivar and the Argentine Peso have significantly depreciated relative to the dollar. This has negatively weighed in
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5 Strategies For Retirement Savings Success
You may be saving for retirement, but do you have a strategy for how you save? A strategy for how you save today can make a big difference in how much money you will have available in retirement. A solid retirement saving plan takes the guesswork out of
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Best gift ideas for babies' college savings
My best friend Joe and I are thinking of getting some savings bonds for the children of our friend who's in the Army. He and his wife are expecting twins. I'm leaning toward Series I savings bonds. Is there a good reason to steer toward Series EE?
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Debt Collectors Have Figured Out A Way To Seize Your Wages And Savings
People with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far more troubling strategy: Filing lawsuits against debtors — often
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Savings Account Interest Rates Today: Altier Credit Union at 2.50% APY
A savings account with a high interest rate is a savings account with potential. The higher the annual percentage yield, the more the account can help a depositor develop a strong financial foundation. Best of all, when such an account is free, it means
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Survey: 401(k) savings rates spiked in 2013
Like other 401(k) plan administrators, Principal is reporting that the average 401(k) balance in is nearly double the level of 2008. At $54,000, the average balance in Principal s accounts rose 17% in 2013 a very good year for the stock market and it
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May 29, 2014

The Stockmarket

Why the Credit Suisse tax fraud deal comes up short
When the Justice Department cracked down on UBS AG five years ago for helping thousands of wealthy Americans evade taxes, the giant Swiss bank avoided prosecution by agreeing to pay $780 million and crucially disclosing the names of 250 American
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Credit Unions Are Increasingly Business Friendly
Credit unions and their affiliates are the perfect partners for entrepreneurs and small businesses when need financing, as nearly all do at some point. Related: When Seeking Funding, Credit Unions Can Be Worth Checking Out Credit union lending to members
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Consumers Are Back to Paying Mortgages Ahead of Credit Cards
Americans are putting their mortgages ahead of their credit cards when they pay the bills, reversing an unusual pattern that had developed after the housing bust. As home values plunged during the downturn, consumers began to default on their mortgages
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Credit Agricole Said to Accuse EU of Bias in Euribor Case
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the lender sent to
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Accepting Credit Cards and PayPal on Your eCommerce Site
This excerpt is part of Entrepreneur.com's Second-Quarter Startup Kit which explores the fundamentals of starting up in a wide range of industries. In Start Your Own e-Business, the staff at Entrepreneur Press and writer Rich Mintzer explain how to build a
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