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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In 2014, three months into her four-year tenure led by the Federal Reserve, Janet Yellen was trying to draw an important link for investors, policy makers and community development leaders. “Even though we work in the financial markets, our goal is to help Main Street, not Wall Street. By keeping …
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