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Barclays sells almost 95% of new shares

Friday, October 4, 2013

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Barclays has sold nearly all of the shares in its £5.8-billion ($9.4-billlion, 6.9-billion-euro) rights issue, the British bank said on Friday

Barclays has sold nearly all of the shares in its £5.8-billion ($9.4-billlion, 6.9-billion-euro) rights issue, the British bank said on Friday.

Ex-Goldman trader Tourre seeks to overturn verdict

Tuesday, October 1, 2013

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Ex-Goldman Sachs trader Fabrice Tourre, pictured on August 1, 2013 has asked a US judge to dismiss a verdict that he defrauded investors over mortgage securities, or order a new trial in the case

Ex-Goldman Sachs trader Fabrice Tourre has asked a US judge to dismiss a verdict that he defrauded investors over mortgage securities, or order a new trial in the case.

Wells Fargo to pay $869 mn claim to Freddie Mac

Tuesday, October 1, 2013

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Wells Fargo bank said it will pay $869 million to Freddie Mac to settle claims of potential fraud in home loans it sold to the US government-controlled mortgage company

Wells Fargo bank said it will pay $869 million to Freddie Mac to settle claims of potential fraud in home loans it sold to the US government-controlled mortgage company.

Watchdog orders Japan's Mizuho Bank to stop loans to gangsters

Friday, September 27, 2013

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People walk in front of a branch of Japanese bank Mizuho Financial Group in Tokyo, July 31, 2009

Japan’s financial watchdog on Friday ordered one of the country’s biggest banks to stop lending money to gangsters, saying it has made little progress in tackling the problem.

Bank of America fined $2.2 mn in discrimination suit

Tuesday, September 24, 2013

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The Bank of America Corporate Center, pictured on July 11, 2012 in Charlotte, North Carolina

A US judge has ordered Bank of America to pay nearly $2.2 million for discriminating against African-American job seekers, in a case that has been ongoing for nearly two decades.

JPMorgan faces new lawsuit over subprime mortgages: report

Tuesday, September 24, 2013

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The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase

The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase over its handling of “subprime” mortgages after settlement talks broke off, the Wall Street Journal said.

BayernLB chief executive to step down

Monday, September 23, 2013

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Gerd Haeusler, CEO of Bayern LB attends a press conference in Munich on March 29, 2012

Troubled German regional bank BayernLB said Monday its chief executive Gerd Haeusler is stepping down at the end of the year.

Prudential Financial designated ‘too big to fail’

Friday, September 20, 2013

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US regulators named insurer Prudential Financial to its list of "too-big-to-fail" institutions

US regulators on Friday named insurer Prudential Financial to its list of “too-big-to-fail” institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system.

RBS sells 20% of insurer Direct Line

Friday, September 20, 2013

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The Royal Bank of Scotland (RBS) London headquarters is pictured on February 28, 2013

Britain’s state-rescued Royal Bank of Scotland has sold a further 20 percent of its insurance unit Direct Line Group for £630 million ($1.01 billion, 748 million euros), it said Friday.

Five years after Lehman: bank regulation incomplete

Thursday, September 12, 2013

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A Wall Street sign is shown in front of the New York Stock Exchange on February 4, 2013

Five years after Lehman Brothers collapsed, the huge job of preventing the financial sector from bringing down the US economy again remains an unfinished work.

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Money makes the world go round, but many people are less than diligent when it comes to their own finances. A lot of people aren't even entirely sure what happens to the money they make or even where it comes from. Financial Guide Online provides simple, easy to follow advice for anyone looking to tighten their grip on their monetary comings and goings. With advice on both home finance and business finance, we aim to bring you useful tips and interesting information to help you understand everything you need to know about your finances.

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