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United States Banks & Banking

Infrastructure bank possible option for funding U.S.-Canada high-speed rail

globalnews.ca

Infrastructure bank possible option for funding U.S.-Canada high-speed rail

- OTTAWA – Washington state is exploring whether Canada’s new infrastructure bank could help finance a multibillion-dollar proposal for high-speed rail between Vancouver and the U.S. northwest. The Trudeau government’s soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems and rail lines. The legislative blueprint for the infrastructure bank also allows for the use public money to help bankroll projects “in Canada or partly in Canada,” provided there’s a financial benefit and a physical connection to the country
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Let consumers sue banks

usatoday.com

Let consumers sue banks

- Arbitration shields financial institutions from class action lawsuits: Our view Many of the biggest financial institutions bury a clause in the fine print of agreements requiring a customer to use private arbitration. Why? Because they can. Most people never read the lengthy contracts that come with their accounts. And financial institutions love arbitration. The private system, originally meant for business vs
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Why this N.J. bank is closing its doors for good

nj.com

Why this N.J. bank is closing its doors for good

- PENNSVILLE TWP. -- Seventeen years after local investors banded together to form a new community bank in Salem County, the failed institution is closing its doors for good. "After being there a period of time and evaluating all operations ... it was a business decision to close all the offices," said Barbara Thompson, manager of corporate communications for First Citizens Bank and Trust Co
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European Central Bank chief says inflation lags behind growth

bostonglobe.com

European Central Bank chief says inflation lags behind growth

- Mario Draghi said policy makers are still waiting for inflation to catch up with the economic recovery as they put off discussions on winding back stimulus until after the summer. “We are finally experiencing a robust recovery where we only have to wait for wages and prices to follow course,” the European Central Bank president told reporters at a news conference in Frankfurt on Thursday
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Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

reuters.com

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

- NEW YORK (Reuters) - Deutsche Bank AG () and JPMorgan Chase & Co () have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The preliminary settlements, totaling $77 million for Deutsche Bank and $71 million for JPMorgan, were detailed in filings late Friday in the U
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When the dollar is falling, here are the stocks that work

cnbc.com

When the dollar is falling, here are the stocks that work

- With the dollar tumbling against the euro this year, many on Wall Street are predicting the U.S. currency may weaken even further from here. Investors can trade the trend, using history as a guide. The euro surged 1.8 percent this week against the dollar through Friday because European Central Bank President Mario Draghi said the central bank will discuss the potential end of its asset-purchase program in September
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Bell Bank to relocate its Fargo Southpointe branch to new building

inforum.com

Bell Bank to relocate its Fargo Southpointe branch to new building

- President and CEO Michael Solberg said construction is expected to start there in early August and wrap up by next May. Once the new standalone building with about 6,000 square feet of space is done, Solberg said the staff of Bell Bank's current Fargo Southpointe location will relocate that branch there. The move will more than double the space for Southpointe, which currently occupies a leased space connected to a Casey's General Store gas station at 3545 25th St
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Places: Americas |  North America |  United States |  Midwest |  West |  North Dakota | 

Land bank lets contracts to tear down structures

herald-dispatch.com

Land bank lets contracts to tear down structures

- IRONTON - The Lawrence County Land Bank let five contracts Thursday for $236,345 to tear down 37 dilapidated structures around the county in the next few weeks, according to County Treasurer Stephen Dale Burcham. It is the second round of contracts let by the land bank board of directors. Five other homes were torn down earlier this month. The properties have been cleared and seeded and are ready for resale
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Global stocks edge lower as central banks remain in focus

siouxcityjournal.com

Global stocks edge lower as central banks remain in focus

- TOKYO (AP) — Global stock markets were mostly lower on Friday as investors assessed the outlook for central bank policies. KEEPING SCORE: France's CAC 40 was down 0.7 percent at 5,164 and Germany's DAX was 0.9 percent lower at 12,330. Britain's FTSE 100 shed 0.1 percent to 7,483. U.S. markets were set for a subdued open, with Dow futures falling 0
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Places: Americas |  North America |  United States | 

Global stocks edge lower as central banks remain in focus

richmond.com

Global stocks edge lower as central banks remain in focus

- TOKYO (AP) — Global stock markets were mostly lower on Friday as investors assessed the outlook for central bank policies. KEEPING SCORE: France's CAC 40 was down 0.7 percent at 5,164 and Germany's DAX was 0.9 percent lower at 12,330. Britain's FTSE 100 shed 0.1 percent to 7,483. U.S. markets were set for a subdued open, with Dow futures falling 0
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Places: Americas |  North America |  United States | 

New report shows who was affected by St. Louis minimum wage change

stltoday.com

New report shows who was affected by St. Louis minimum wage change

- St. Louis' minimum wage is soon to drop to $7.70, but who benefited from the short-lived increase to $10 an hour? Economist Charles Gascon and Senior Research Associate Daniel Eubanks looked into the issue and their findings were released Thursday by the Federal Reserve Bank of St. Louis. Gascon and Eubanks suggest policymakers differentiate between city residents and city workers. Among 32,500 city residents who earn less than $10 an hour, only 19,900 were affected by the raise
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Places: Americas |  North America |  United States |  Midwest |  East |  Illinois | 

Are investors losing their faith in the central banks?

cnbc.com

Are investors losing their faith in the central banks?

- Investors appear to be growing increasingly concerned that global central banks' monetary policy has proven too accommodative. The number of global fund managers who believe central banks are "too stimulative" in their monetary policy has reached a six-year high of 48 percent, according to this month's Bank of America Merrill Lynch Global Fund Manager Survey. The survey's findings, which strategists entitled "The Fed Herring," included an increasingly apprehensive view of global central banks and their role in monetary policy and economic stimulus
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Bank of America’s Finucane reportedly eyed for top spot at Uber

bostonglobe.com

Bank of America’s Finucane reportedly eyed for top spot at Uber

- Could Bank of America vice chair Anne Finucane end up in the driver’s seat at Uber? Axios reports that Uber Technology’s board has reached out to Finucane about replacing former chief executive Travis Kalanick, who resigned in June. Finucane, who is based in Boston, is reportedly intrigued by the idea but hasn’t begun official discussions, according to the report. Uber declined to comment, and Finucane could not be reached for comment
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Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Boston | 

Regulators review German bank at the center of Trump’s finances

bostonglobe.com

Regulators review German bank at the center of Trump’s finances

- During the presidential campaign, Donald Trump pointed to his relationship with Deutsche Bank to counter reports that big banks were skeptical of doing business with him. After a string of bankruptcies in his casino and hotel businesses in the 1990s, Trump became somewhat of an outsider on Wall Street, leaving the giant German bank among the few major financial institutions willing to lend him money
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US stocks waver as earnings and central banks dominate

siouxcityjournal.com

US stocks waver as earnings and central banks dominate

- NEW YORK (AP) — U.S. stocks are wavering between small gains and losses Thursday afternoon as health care companies including Abbott Laboratories are rising as investors focus on quarterly results. Some weak earnings are putting a dent in industrial and basic materials companies. The European Central bank left its key interest rate unchanged. Major stock indexes closed at record highs a day earlier
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Places: Americas |  North America |  United States | 

US stocks waver as earnings and central banks dominate

richmond.com

US stocks waver as earnings and central banks dominate

- NEW YORK (AP) — U.S. stocks are wavering between small gains and losses Thursday afternoon as health care companies including Abbott Laboratories are rising as investors focus on quarterly results. Some weak earnings are putting a dent in industrial and basic materials companies. The European Central bank left its key interest rate unchanged. Major stock indexes closed at record highs a day earlier
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Categories: Business | 
Places: Americas |  North America |  United States | 

Swiss banker pleads guilty to helping Americans avoid taxes

cnn.com

Swiss banker pleads guilty to helping Americans avoid taxes

- A former Credit Suisse banker has pleaded guilty to helping Americans avoid paying millions of dollars in income taxes for nearly a decade. In her plea agreement, Susanne Rüegg Meier admitted helping taxpayers conceal assets and income in secret Swiss bank accounts, according to the Justice Department. Rüegg Meier, a Swiss citizen, ran the Zurich Team of Credit Suisse's North American desk
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Home / United States / Business / Finance / Financial Institutions / Banking Institutions

Banks & Banking - United States

  • Investors have dumped majority of 'Trump trades,' no longer longer banking on president's agenda
    Investors have dumped majority of 'Trump trades,' no longer longer banking on president's agenda

    , cnbc.com

    The "Trump trade," which propelled stocks to record highs after President Donald Trump's election victory, has been flipped upside down. Jack Ablin, chief investment officer at BMO Private Bank, said in a note Monday that "skeptical investors have reversed between 50-75% of their Trump trades, according to our calculations." Stocks surged after the election on the prospects for tax reform, deregulation and fiscal stimulus
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Central Bank

  • Global stocks edge lower as central banks remain in focus
    Global stocks edge lower as central banks remain in focus

    , siouxcityjournal.com

    TOKYO (AP) — Global stock markets were mostly lower on Friday as investors assessed the outlook for central bank policies. KEEPING SCORE: France's CAC 40 was down 0.7 percent at 5,164 and Germany's DAX was 0.9 percent lower at 12,330. Britain's FTSE 100 shed 0.1 percent to 7,483. U.S. markets were set for a subdued open, with Dow futures falling 0
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Credit Unions

Investment Banks

Accounts

  • Why married couples should have separate bank accounts
    Why married couples should have separate bank accounts

    , yahoo.com

    If you plan to get married, then you better plan not to get divorced. Otherwise, what’s the point? You’ll end up wasting money on lawyers. You’ll absolutely disrupt your finances. And if you have kids, they might have to go to therapy in order to make better sense of the cruel realities of the world. According to a 2013 Kansas State University study of more than 4,500 couples, it found that arguments about money was by far the top predictor of divorce
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