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Are Bank Fraud Cases Hurting the Economy?

Are Bank Fraud Cases Hurting the Economy?


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Last week, JP Morgan Chase settled its latest lawsuit with the US Department of Justice to the tune of $18 billion. That’s the largest single settlement ever concluded for an individual American corporation, and that makes some industry watchers wonder whether the government is simply out to punish...

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Why Do Lenders Turn Borrowers Down?

Why Do Lenders Turn Borrowers Down?


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It’s tougher to get financing for buying real estate these days. Banks are issuing fewer loans, and imposing tougher standards on the loans they do issue. But those standards can vary from institution to institution – and some lenders may say yes to a home loan, while others may say no. The reasons...

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Banks Learn New Tricks to Stop Cybercrime

Banks Learn New Tricks to Stop Cybercrime


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We all know how important it is to keep personal financial information safe from online theft – but can your bank do the same? As banks small and large fall victim to cyberattacks that steal the account information – and money – of thousands of customers, financial institutions worldwide are embracing...

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A Stimulus Plan Architect Reveals the Truth

A Stimulus Plan Architect Reveals the Truth


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The Federal Reserve’s massive bond buying stimulus program has been in and out of the news for months as the Fed hints at tapering it down, only to backpedal in light of changes to the economic picture. But even as the Fed continues its will they, won’t they dance, a former architect of the program...

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Bank of America Gets The Hustle in a New Settlement

Bank of America Gets The Hustle in a New Settlement


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It seems like old news by now.  Charges, suits and settlements against the nation’s megababks for mortgage fraud dating back to the days of the housing bubble and subsequent crash keep making headlines with dismal regularity. And the trend continues as Bank of America, the perennial bad buy of mortgage...

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How Long Can Alternative Currencies Survive?

How Long Can Alternative Currencies Survive?


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Led by the Bitcoin, digital alternative currencies continue to quietly make inroads into the consumer economy worldwide. But the very qualities that keep these “cryptocrurrnecies” circulating may also make them the target of government and corporate efforts to shut them down – a possibility that...

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Vampire Properties Haunt the Housing Recovery

Vampire Properties Haunt the Housing Recovery


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Halloween is over, but zombies and vampires continue to plague the housing market. Those are the names given to problematic foreclosures that can’t be turned into assets by the lending institutions that hold them. And because these properties can’t be sold, financial experts say, they hold true to...

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Investing Trends Create Generation Gaps

Investing Trends Create Generation Gaps


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The “generation gap” is blamed for differences in attitudes and behaviors on everything from music to careers. Now, according to a new report by the New York Times, it’s a term that can be applied to the way three generations – baby boomers and the so-called Generations X and Y – manage their...

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Interest Rates are Rising: What Happens to Housing?

Interest Rates are Rising: What Happens to Housing?


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As the government closed its doors for what would be a 16-day shutdown, housing experts worried about what would happen to the still-fragile housing recovery as a result. Now, with government services and agencies back in full force, a slow down in mortgages seems to bear out some of their concerns. Even...

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5 Secrets of Rich Investors

5 Secrets of Rich Investors


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From corporate CEOS and entrepreneurs to sports icons and political figures, very wealthy individuals invest for success. While your investing career may not have quite the scope of those multimillionaires, you can share in some of the investing strategies that they and their financial managers use to...

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