Every family needs a home, and so many risks are created by a standard 30-year mortgage in America. Finding an investor to take every risk is the work of Rub Goldberg’s paradox, which is the US housing-finance industry. How it all fits together investors will one day be seen wandering …
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U.S. Stock futures corrected on Tuesday, suggesting a day after major benchmark records closed could extend their rally. Futures tied with the S&P 500 and the Dow Jones Industrial Average rose nearly 0.4%. Both indices closed at an all-time high on Monday. Contracts on the Nasdaq-100 index rose 0.4%, indicating …
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The companies announced all-stock deals on Sunday, confirming an earlier report by the Wall Street Journal. Detroit-based TCF, valued at about $ 6 billion or about 11% of the premium, would be one of the most recent major bank mergers. Huntington, based in Columbus, Ohio, has a market capitalization of …
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Goldam Sachs Group Inc. China is moving to acquire 100% ownership of its securities joint venture, deepening its investment in the world’s second-largest economy after a 17-year partnership with domestic brokerage. New York-based bank Goldm Sachs is applying to Chinese regulators for full control of the securities and has signed …
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