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The US Federal Reserve has announced a slowdown in its effort to boost the US economy Is the beginning of the end of this unique era of almost free money good or bad for us?...The US central bank will still be buying US government debt and mortgage
A contractor works on a new home under construction at Taylor Morrison Home Corp.'s La Solara Community in Dublin, California. Dow Jones Industrial Average jumped 228 points, or 1.5%, to 16,105.40. The S&P 500 index rallied 24 points, or 1.3% to 1,
AP Photo/Seth Wenig) Texas unemployment insurance recipients were among the prepaid debit card users whose personal information was exposed in a security breach of a JPMorgan Chase & Co. server, the Texas Workforce Commission said late yesterday.
They predict that continued market strength will open the door to more issuer-friendly terms, while the impact and timing of the Federal Reserve's stimulus-tapering plans will be a wildcard. Worries about Europe's credit woes and the dysfunctional U.
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Police are asking the public to help identify a woman who drained a man's bank account after he assisted her in cashing a check...Bank of America parking lot in Newark with another unidentified female. Both suspects asked the man to help cash a check
Trader pleads not guilty in Libor rigging case Tom Hayes was a trader at UBS and Citigroup A former UBS and Citigroup trader has pleaded not guilty to eight charges related to the manipulation of an important benchmark interest rate. Tom Hayes is
Global banking regulators have reinforced their campaign to impose more consistent ways for banks to assess risks on their trading books with a second finding of wide variations between systems in use in the sector. The Basel Committee said on
Anti-riot police used teargas to quell disturbances in central Harare on Monday when angry depositors stormed the Allied Bank, demanding their cash, as the liquidity crunch deepens ahead of the festive season. The mob forced their way into the bank
Royal Bank of Scotland has terminated a contingent capital deal that would have seen the Government inject another £8bn into the bank if its core capital ratio fell below 5 per cent. The facility, set up in 2009, acted as an additional debt buffer.