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Schwab reverses ban on client class-action lawsuits
ReutersBy Jed Horowitz May 16 (Reuters) - Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry and plaintiffs'...Tags: Corporate Crime, Financial Markets, Crime, Law and Justice, Charles Schwab, Securities
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Florida court rules state time limits apply to securities arbitration
ReutersMay 16 (Reuters) - Florida's statute of limitations can apply not only to court proceedings, but to securities arbitration cases between investors and their brokers, the Florida Supreme Court ruled Thursday. The ruling, in favor of Raymond James...Tags: Lawyers, Financial Markets, Finance, Crime, Law and Justice, Economy, Business and Finance
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Mortgage rates climb on strong economic reports
Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...Tags: Money and Monetary Policy, Freddie Mac, Finance, Economy, Business and Finance, Mortgages
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INTERVIEW-Liechtenstein open to bank data exchange talks with EU
Reuters* Secrecy helped create big Liechtenstein banking industry * Financial sector in crisis over global clampdown on tax evasion * Hope EU would accept British-style amnesty deal * Budget cuts raise questions over prized political stability By Emma...Tags: Politics, European Union, Finance, International Organizations, Economy, Business and Finance
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Liechtenstein open to bank data exchange talks with EU
ReutersVADUZ (Reuters) - Liechtenstein is reluctantly prepared to discuss exchanging data on bank clients in response to a new European Union push for more transparency from the secretive principality and other tax havens, its prime minister said. "We have...Tags: Politics, European Union, International Organizations, Finance, Austria
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Windsor's SummerWind To Offer 'Hassle-Free' Friday Concerts
The Hartford CourantThe upcoming SS&C SummerWind Performing Art Center season will begin May 31 with a new feature called Fridays at 5, described as a casual, inexpensive end-of-the-work-week concert series. The idea, SummerWind Executive Director Michael Campbell said, is...Tags: Finance, Economy, Business and Finance, U.S. Coast Guard, Agriculture
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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...Tags: Loans, Freddie Mac, Mortgages, Credit Ratings
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Ex-Citi CEO Pandit in tie-up with India's JM Financial
ReutersMUMBAI (Reuters) - Former Citigroup Chief Executive Vikram Pandit is buying a stake in Indian financial services company JM Financial Ltd , JM Financial said in a statement on Thursday. Pandit, who resigned from Citi last October, will also become non-...Tags: Finance, Wipro Limited, Economy, Business and Finance, India, Morgan Stanley Dean Witter & Company
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US homebuilder confidence rebounds on stronger outlook for sales as demand for homes improves
AP Real Estate WriterConfidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years. The National Association of Home...Tags: Real Estate Sales, Homes, Real Estate, Services and Shopping, Ryland Group Incorporated
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Delinquency rates fall at major U.S. banks in April
ReutersMay 15 (Reuters) - Delinquency rates fell in most major U.S. banks for the month of April as more consumers continued to keep up with their bill payments. Credit card charge-offs rose except for Capital One Financial, Discover Financial Services and...Tags: Discover Financial Services, Social Issues, Finance, Economy, Business and Finance, Capital One Financial Corporation
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Stern Advice-Retiring on 0.25 percent a year
ReutersBy Linda Stern WASHINGTON, May 15 (Reuters) - It isn't like Federal Reserve Board Chairman Ben Bernanke and his colleagues have it in for old people - I'm sure they are all very respectful of their elders. (The policy-setting reserve bank presidents...Tags: Mutual Funds, Economy, Business and Finance, Federal Reserve, Real Estate, Services and Shopping
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Orlando still most 'financially distressed' in U.S., despite slight 1st-quarter improvement
Fighting economic crosscurrents, Orlando-area residents managed to improve their financial situation in recent months, though not enough to change the region's first-place ranking among the country's most financially troubled metropolitan areas, according...
Tags: Consumers, St. Petersburg (Pinellas, Florida), Economy, Business and Finance, Fort Lauderdale, Mortgages
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| Chicago Tribune
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| Reuters
May 15, 2013
|Story| Hartford Courant
May 16, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| Reuters
May 15, 2013
|Story| AP Broadcast
May 15, 2013
|Story| Reuters
May 15, 2013
|Story| Reuters
May 15, 2013
|Story| Orlando Sentinel
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