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U.S. banks failed to follow mortgage standards -monitor
ReutersBy Margaret Chadbourn and Emily Stephenson WASHINGTON, June 19 (Reuters) - Four of the largest U.S. mortgage servicers failed to adhere to some of the new standards set out in a landmark settlement meant to help consumers facing foreclosure, a court-...Tags: Citigroup Incorporated, Shaun Donovan, Financial and Business Services, JPMorgan Chase & Co., Economy, Business and Finance
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INTERVIEW-China's Wanda aims to launch $1 bln NY hotel project this year -chairman
ReutersBEIJING, June 19 (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on...Tags: Environmental Issues, United Kingdom, Marketing, HSBC Holdings plc, Beijing (China)
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Syrians turn to dollar as local currency tumbles
Reuters* Falling pound pushes up prices * Syrians turn to dollar savings to preserve their wealth * Dollarisation spreads as Syria pound loses purchasing power By Suleiman Al-Khalidi AMMAN, June 19 (Reuters) - Since the latest nosedive in the Syrian...Tags: Government, European Union, Petroleum Industry, Central Bank, Politics
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U.S. banks failed to follow mortgage standards: monitor
ReutersWASHINGTON (Reuters) - Four of the largest U.S. mortgage servicers failed to adhere to some of the new standards set out in a landmark settlement meant to help consumers facing foreclosure, a court-appointed monitor said on Wednesday. Bank of America,...Tags: Shaun Donovan, Citigroup Incorporated, Financial and Business Services, JPMorgan Chase & Co., Economy, Business and Finance
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Local, global trends boost Gulf banks as foreign rivals retrench
Reuters* GCC banks climbing regional league tables * Double-digit growth in assets * Smaller local banks also expanding business scope * Basel III regulation one reason for contrast with foreign banks * Flow of high-profile personnel shifts to local...Tags: Qatar, Goldman Sachs Group, Inc., Deutsche Bank AG, Thomson Corporation, Economy, Business and Finance
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Britain says reckless bankers could face jail
ReutersLONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by Britain's prime minister on Wednesday. Many Britons blame bankers'...Tags: Government, Legal Services, United Kingdom, Lobbying, Parliament
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Mortgage monitor: Banks not yet complying with major settlement
The nation's biggest banks haven't yet kept all the pledges they made 16 months ago to settle state and federal investigations into abuses of troubled homeowners and the foreclosure process, the national monitor for the settlement reported. The banks...
Tags: Citigroup Incorporated, Financial and Business Services, JPMorgan Chase & Co., Ocwen Financial Corporation, Economy, Business and Finance
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NFP lone issuer to tap US markets before Fed
ReutersBy Rachelle Kakouris NEW YORK, June 19 (IFR) - National Financial Partners Corp was the only issuer to brave the US funding markets Wednesday, testing the waters while other issuers stayed on the sidelines ahead of the highly anticipated Federal...Tags: Federal Reserve, Deutsche Bank AG, Economy, Business and Finance, Morgan Stanley Dean Witter & Company, Finance
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Daniel Loeb Sends Second Letter to Sony Encouraging Entertainment Spinoff
VarietyThird Point CEO Daniel Loeb has sent a second letter to Sony CEO Kazuo Hirai, reiterating a proposal to spinoff as much as 20% of the company's entertainment assets and to argue that a separate showbiz entity would boost efficiency and accountability. In...Tags: Sandra Bullock, Will Smith, EMI Group Ltd., Entertainment Events, Science and Technology
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Marylanders aren't shy about complaining
Marylanders are big complainers. At least when it comes to the financial services they receive. Maryland ranked No. 2 in the nation in mortgage complaints per capita, second only to New Hampshire, for grievances lodged with the Consumer Financial...
Tags: Education, Colleges and Universities, Financial and Business Services, Computing and Information Technology Industry, Economy, Business and Finance
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Insight: Why Citi wants to rack up U.S. taxes
Reuters(Reuters) - Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes. The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 in part because the deal would have...Tags: Capital One Financial Corporation, Wachovia Corp., Financial Markets, Economy, Business and Finance, Taxation
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RPT-Starboard's battle with Smithfield over China-deal adds to activist image
ReutersBy Nadia Damouni and Olivia Oran NEW YORK, June 17 (Reuters) - Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in...Tags: AOL LLC, Tim Armstrong, Board of Directors, The Home Depot, Elections
Jun 19, 2013
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Jun 19, 2013
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Jun 19, 2013
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Jun 19, 2013
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Jun 17, 2013
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Jun 17, 2013
|Story| Baltimore Sun
Jun 17, 2013
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Jun 18, 2013
|Story| Reuters
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