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Banking News

Banking news continually updated from thousands of sources around the net.

3 hrs ago | Sydney Morning Herald

The RBA says you're probably better off renting

The conventional wisdom that has underpinned the Australian dream of home-ownership could be flawed, according to a research paper published by the Reserve Bank of Australia which seeks to answer the age old question: is it cheaper to own or to rent? The RBA's conclusion is that house prices would have to continue to rise at the same rate as they ... (more)

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Related Topix: Reserve Bank of Australia, Financial Services

Sun Jul 13, 2014

Wall St. Cheat Sheet

Is Wells Fargo Still a Safe Bank to Own?

Wells Fargo is a bank that many of us are familiar with and probably have done business with.

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Related Topix: Wells Fargo , Financial Services

Reuters

Citi, U.S. $7 billion settlement announcement expected Monday

Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

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Related Topix: Financial Services, CitiMortgage, Citigroup, us Travel, Travel, Home, Mortgage, Personal Finance, US News

Journalgazette.net

7 deadly sins made by eateries

Ryan DuVall, restaurant critic for The Journal Gazette, was a "foodie" long before joining The Journal Gazette in 1999.

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Related Topix: Northeast Indiana Bancorp, Financial Services, Potatoes, Life, Food, Vegetables, Restaurant Management

Sydney Morning Herald

Former CBA boss Norris blames scandal on 'rogues'

Former Commonwealth Bank of Australia chief executive Ralph Norris has broken his silence over the bank's financial planning scandal, labelling the advisers involved as ''rogue people'' and denying any conspiracy to defraud customers.

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Related Topix: Financial Services, Automakers, Commonwealth Bank of Australia, Brilliance China Automotive Holdings

USA Today

Ask Matt: Will LeBron's return help local stocks?

A: LeBron's return to the Cleveland may be good news for Cavs fans. But the same isn't true for investors in Cleveland-based stocks.

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Related Topix: Financial Markets, Manufacturing, Retail, Sherwin Williams, Chemicals, KeyCorp, Financial Services

Sunherald.com

Puppy love: 11 new pet therapy teams graduate, volunteers honored in Gulfport

Visiting Pet Teams of South Mississippi presented 11 new teams and 11 re-registered teams in a special ceremony at the eighth annual pet therapy graduation at Memorial Hospital at Gulfport on Saturday.

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Related Topix: Mississippi, Non-Profit, Financial Services, Hancock Holding

Sat Jul 12, 2014

Wall Street Journal

Unspoiled Children, No Rod Needed

You want to give your children everything. But sometimes you can go too far and create a spoiled, entitled brat.

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Related Topix: Wells Fargo , Financial Services, Metuchen, NJ, Adolescents and Pre-Teens, Family

Wall Street Journal

U.S.-Chinese Accelerator InnoSpring is Targeting $5 Million Fund

InnoSpring , a two-year-old accelerator founded in Silicon Valley to help U.S. and Chinese tech startups expand across borders, is raising a second fund, Venture Capital Dispatch has learned.

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Related Topix: Silicon Valley Bancshares, Financial Services, Venture Capital, Emerging Technology, Santa Clara, CA, Santa Clara County, CA, Aerohive Networks, World News, China, Science / Technology, Internet

Business Journal

SACU executive to serve on Dallas Fed advisory council

Steve Hennigan, president and CEO of the San Antonio Federal Credit Union, has been tapped to join the Federal Reserve Bank of Dallas' Community Depository Institutions Advisory Council.

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Related Topix: Financial Services, Federal Reserve Bank of Dallas

Business Journal

Regal Financial merges with Boise bank

Seattle's Regal Financial Bank has reached agreement to merge with another bank.

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Related Topix: Federal Deposit Insurance, Financial Services, Financial Institutions

Arkansas Online

Lapses with pathogens lead CDC to idle 2 labs

WASHINGTON -- Federal government laboratories in Atlanta improperly sent potentially deadly pathogens, including anthrax, botulism bacteria and a virulent bird flu virus, to other laboratories in five separate incidents over the past decade, officials said Friday.

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Related Topix: Financial Services, Centers for Disease Control and Prevention, Washington Federal

Wall Street Journal

Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%

Investors spend a great deal of time discussing when the Federal Reserve will begin raising short-term interest rates.

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Related Topix: Bank of New York, Financial Services, Federal Reserve Bank of New York

Fri Jul 11, 2014

The Globe and Mail

Elizabeth Comper was a fighter against racism on several fronts

Elizabeth Comper had a comfortable life a decade ago as wife of the Bank of Montreal's chief executive when she saw something on television that shocked and upset her: the world's oldest hatred flaring up again in her own country.

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Related Topix: Bank of Montreal, Financial Services, Libraries, Canada, Family, Adolescents and Pre-Teens, Marketing

Reuters

UPDATE 2-Wells Fargo's focus on energy shows growth strategy

Wells Fargo & Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

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Related Topix: Wells Fargo , Financial Services, Startups, Mach One, Institutional Venture Partners, Home, Mortgage, Personal Finance

KAUZ

Markets steady after Portuguese bank scare

The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops.

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Related Topix: Financial Services, Exchange Bank, South Korea, World News

GPB.org

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago more than triple the overall inflation rate.

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Related Topix: Pnc Financial Services GroupThe, Financial Services, Life, Fruits, Food, US News, United States Department of Agriculture

Business Journal

Wells Fargo earns $5.7 billion in Q2

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per-share earnings.

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Related Topix: Wells Fargo , Financial Services, Startups, Mach One, Institutional Venture Partners

The Globe and Mail

U.S. banks mired in trading doldrums

Second-quarter earnings reports likely to disappoint as fixed-income, currencies and commodities no longer spinning easy revenues.

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Related Topix: Financial Markets, Financial Services, CitiMortgage, Citigroup, Home, Mortgage, Personal Finance, Stanley

The Lebanon Daily News

Troubled Lisbon bank insists it is healthy

A currency trader passes by screens showing the Korea Composite Stock Price Index, left, and the exchange rate between the U.S. dollar and the South Korean won at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, July 11, 2014.

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Related Topix: World News, Portugal, Financial Services, Exchange Bank, South Korea,

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