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California sues JPMorgan over debt collection tactics
In a lawsuit that echoes the worst abuses of the foreclosure crisis, the state's top law enforcement official is suing the nation's largest bank, accusing it of using aggressive and illegal tactics to collect credit card debt from thousands of...
Tags: Credit and Debt, Finance, Kamala D. Harris, Litigation, Laws
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Illinois considers extending tax break to small businesses
Legislators are considering a bill that would expand the scope of the state's main economic development program to small businesses. House Bill 1336 calls for eliminating a requirement that companies make a capital investment in the state of at least $1...
Tags: Illinois Department of Commerce and Economic Opportunity, Small Businesses, Investment Service, Taxation, Government
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Federal Reserve, Goldman Sachs Group, Inc., Financial and Business Services, Mortgages, Morgan Stanley Dean Witter & Company
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EXCLUSIVE-Peregrine Financial scion: My father is dead to me
Reuters* Russ Wasendorf Jr. tries to move past brokerage scandal * Still faces civil suit charging complicity * Launches online marketplace in Florida By Ann Saphir and Tom Polansek SAN FRANCISCO/CHICAGO, May 9 (Reuters) - Russell Wasendorf Jr., whose father...Tags: Prisons, U.S. Bancorp, Criminal Laws, Craigslist, Inc., Justice System
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My father is dead to me, says son of Peregrine founder
ReutersRussell Wasendorf Jr. has left the futures business and moved to Florida in an attempt to distance himself from his father went to prison for stealing $215 million from clients of the futures brokerage they ran together for almost two decades. “I...Tags: Rentals, Prisons, U.S. Bancorp, Litigation, Criminal Laws
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EBRD host Turkey is investment magnet outpacing emerging market peers
ReutersBy Sujata Rao LONDON, May 9 (Reuters) - In a neighbourhood mired in recession or political turmoil, Turkey is hosting the region's development bank as a dynamic economic leader rather than a needy recipient. Record investment in its stocks and bonds...Tags: Weight, Thomson Corporation, Money and Monetary Policy, Finance, Emerging Market
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Quintiles shares rise 11 percent in market debut
Reuters(Reuters) - Shares of drug research company Quintiles Transnational Holdings rose as much as 11 percent in its market debut, valuing the company at as much as $5.73 billion. The Durham, North Carolina-based clinical trials company's initial public...Tags: Taxation, Initial Public Offerings, Medical Research, Bain Capital, LLC, Covance Incorporated
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Laid-off workers form co-op to open Chicago window plant
Workers who made news around the world when they staged a sit-in at a Chicago window factory in 2008 have struck out on their own with the help of a nonprofit. "I don't believe it just yet," said Joel Cruz, one of 17 workers who are owners of New Era...
Tags: Career and Workplace, Plant Openings, Companies and Corporations, Economy, Business and Finance, Employment Opportunities
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RPT-Deutsche tops FX industry poll, but Citi closing in
Reuters* Deutsche leads survey for 9th straight year * Citi sees largest jump in market share among top 10 * Top 5 banks account for 57 pct of market share * BAML replaces Goldman Sachs in top 10 By Anooja Debnath LONDON, May 8 (Reuters) - Deutsche Bank had the...Tags: Goldman Sachs Group, Inc., Money and Monetary Policy, Corporate Performance, Deutsche Bank AG, HSBC Holdings plc
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Wall Street extiende alzas, impulsado por acciones bancarias y tecnológicas
ReutersPor Angela Moon NUEVA YORK, 8 mayo (Reuters) - Las acciones estadounidenses subían el miércoles, impulsadas por los sectores financieros y de tecnología, y se encaminaban a anotar nuevos máximos por quinta sesión consecutiva. El índice del...Tags: Citigroup Incorporated, S&P 500, Google Inc., NASDAQ, Stock Market
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MOVES-Credit Suisse, Arbuthnot Latham, BNP Paribas Securities
ReutersMay 8 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com. CREDIT SUISSE The investment banker Sebastian Grigg has been appointed vice...Tags: U.S. Bancorp, Saudi Arabia, Finance, Financial and Business Services, Morningstar Incorporated
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JGBs dip on China data, disappointment over BOJ demand
ReutersTOKYO, May 8 (Reuters) - Japanese government bonds dipped slightly on Wednesday as China's strong trade data lifted investor risk sentiment and on disappointment over a lack of bond buying by the Bank of Japan. * The price of 10-year JGB futures...Tags: China, Japan
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