Financial

  • Providence, RI sues firms over stock trades Associated Press - Sat, Apr 19, 2014 9:10 AM AEST

    Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit says stock exchanges, investment banks and others defrauded investors by manipulating ...

  • A "Historic" Bear Move Setting up in NZD/JPY DailyFX - Sat, Apr 19, 2014 4:45 AM AEST

    A "Historic" Bear Move Setting up in NZD/JPY

  • Can a car's brand image hurt its resale value? Bankrate.com - Fri, Apr 18, 2014 8:00 PM AEST

    I've never really paid attention to a car's brand image when I have bought a car, including any of the brand perception awards that some auto manufacturers advertise. But my current car doesn't have such a good image right now, thanks to some car recalls and some overall issues with the car brand. You can find out the resale value of car models that you're considering, but an unexpected event can put a dent in the price that you can ask for that car. According to ALG, which calculates so-called residual values and provides them to dealers, lenders and others in the industry, a car's brand image is a factor in calculating its resale value.

  • Kansas Tries to Shrink Its Way to Prosperity BusinessWeek - Fri, Apr 18, 2014 10:57 AM AEST

    Governor Sam Brownback turns his state into a budget-cutting, tax-slashing, Tea Party laboratory

  • A Guide to Reverse Mortgages US News - Fri, Apr 18, 2014 3:55 AM AEST

    In recent years, questions about reverse mortgages, and whether or not they are a practical way to supplement retirement income, have become more frequent. What is a reverse mortgage? There are three kinds of reverse mortgages. For example, money from a single purpose reverse mortgage could only be used to cover property expenses, including repairs, energy efficient improvements, taxes and insurance.

  • 2 ex-Anglo Irish Bank directors convicted of fraud Associated Press - Fri, Apr 18, 2014 3:23 AM AEST
    2 ex-Anglo Irish Bank directors convicted of fraud

    Two former executives of Anglo Irish Bank were found guilty Thursday of committing fraud in a loans-for-shares scandal — the first convictions to stem from a banking crisis that brought Ireland to the ...

  • US average rate on 30-year home loan 4.27 percent Associated Press - Fri, Apr 18, 2014 2:01 AM AEST

    Average U.S. rates on fixed mortgages fell for the second straight week as the spring home-buying season begins. Here's a look at rates for fixed and adjustable mortgages this week and over the past year:...

  • Early Glance: Insurance companies Associated Press - Fri, Apr 18, 2014 1:31 AM AEST

    Shares of some top insurance companies are mixed at 10 a.m.: ACE L rose $.30 or .3 percent, to $101.67. Aflac Inc. rose $.18 or .3 percent, to $62.79. American International Group rose $.21 or .4 percent, ...

  • Portugal gets another IMF bailout payment AFP - Thu, Apr 17, 2014 9:02 PM AEST
    Portugal gets another IMF bailout payment

    The International Monetary Fund released a bailout payment of 851 million euros ($1.18 billion) to Portugal on Thursday as the debt-riddled country gets close to exiting its three-year IMF-European Union rescue. The IMF executive board approved the payment, which brings the total amount disbursed under the program to 25.7 billion euros. The so-called "troika" of international lenders -- the IMF, the European Commission and the European Central Bank -- opened a 78-billion-euro credit lifeline to Portugal on May 20, 2011 that was to end this May 17. But the IMF said Thursday it had accepted a request to extend the program to June 20 to allow for a 12th and final review of Portugal's progress in implementing economic reforms required by the bailout.

  • CD rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Compare CD rates nationally and in your area. CDs 0.24% (1-year CD yields) 0.79% (5-year CD yields) Rates on certificates of deposit ...

  • Credit card interest rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best credit card offers available. Credit Cards 13.02% (all fixed) 15.61% (all variable) Credit card rates were unchanged ...

  • When does old debt fall off your credit report? Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Here's how you know if a debt has vanished: Check your credit reports. You can view your credit reports from the three major credit bureaus, Equifax, Experian and TransUnion, for free once each year. One warning though: Many companies advertise free credit reports, but in the fine print of the deal, you must sign up for some other service you may not want or need for a cost to get your free reports. AnnualCreditReport.com is where you should go for your free reports.

  • Where will mortgage rates head next week? Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Will rates go up, down or remain unchanged? Intro Up 22% Down 22% Unchanged 56% Panel Prediction Up Down Unchanged 22% 22% 56% This week (April 17-23), 22 percent of the panelists believe mortgage rates ...

  • Home equity loan rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best home equity rates in your area. Home Equity 4.92% (line of credit) 6.2% (loan) Rates on loans backed by home equity ...

  • Auto loan rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Rates on new and used car loans were mostly stagnant this week, according to Bankrate's latest survey of interest rates. Only the rate on the average 48-month used car loan moved, dropping 1 basis point to 4.87 percent, but the average rate on a 36-month used car loan held steady this week at 4.79 percent. The average rate for a 36-month new car loan remained this week at 4.12 percent. Similarly, the average rates for a 60-month new car loan and a 48-month new car loan also stayed the same as last week, at 4.22 percent and 4.14 percent, respectively.

  • Can Dad's new wife steal his Social Security? Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    We learned that she went to Social Security to collect his benefits. Can Dad's new wife steal his Social Security? Social Security has a "Representative Payment Program" that provides financial management for people who aren't capable of managing their own benefits. If you suspect your stepmother is using the money on herself, you could call the fraud hotline for the Social Security Administration's Office of Inspector General at (800) 269-0271 from 10 a.m. to 4 p.m. Eastern Standard Time.

  • National mortgage rates for April 17, 2014 Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    Interest Rate Roundup Mortgages CDs Auto Loans Home Equity Credit Cards Find the best mortgage rates in your area. Mortgages 4.43% (30-year fixed) 0.33 (average points) Mortgage rates edged lower for the ...

  • Mortgages drop, but are they due for a bounce? Bankrate.com - Thu, Apr 17, 2014 8:00 PM AEST

    The benchmark 15-year fixed-rate mortgage fell to 3.48 percent from 3.52 percent last week. The benchmark 5/1 adjustable-rate mortgage fell to 3.32 percent from 3.34 percent. That's the million-dollar question, and mortgage experts say potential borrowers shouldn't stretch their luck by waiting. The United States is still perceived by investors as one of the safest places to park their money, despite some recent mixed economic news.

  • Sales of homes for more than $10 million increase Associated Press - Thu, Apr 17, 2014 8:22 AM AEST
    Sales of homes for more than $10 million increase

    Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million. Five homes sold this ...

  • Sallie Mae 1Q net income slips 18 percent Associated Press - Thu, Apr 17, 2014 7:44 AM AEST

    Sallie Mae said Wednesday its net income sank 18 percent in the first quarter as some one-time gains came off the books and costs related to the spinoff of its Navient unit increased. Sallie Mae said its ...

  • Midday Glance: Insurance companies Associated Press - Thu, Apr 17, 2014 3:30 AM AEST

    Shares of some top insurance companies are mixed at 1 p.m.: ACE L rose $1.03 or 1.0 percent, to $101.14. Aflac Inc. rose $.81 or 1.3 percent, to $62.44. American International Group rose $.29 or .6 percent, ...

  • House Democrats' committee sitting on $40M fund Associated Press - Wed, Apr 16, 2014 9:17 PM AEST

    Donors gave more than $10 million in March to the committee tasked with electing House Democrats and helped it amass a $40 million fund to fight skepticism that Republicans can be ousted from their majority ...

  • How do I pay off $7,500 in credit card debt? Bankrate.com - Wed, Apr 16, 2014 8:00 PM AEST
    How do I pay off $7,500 in credit card debt?

    I currently have a credit card with an existing balance of $7,500 with an interest rate of 15.99 percent. My financial institution has reviewed my account and will not lower my APR, or annual percentage rate. There are ways to get rid of massive credit card debt. It looks like you carry an average interest rate on your credit card, so I'm assuming that you haven't had any recent late payments.

  • Which school expenses are covered by 529 plan? Bankrate.com - Wed, Apr 16, 2014 8:00 PM AEST

    I know that funds from a 529 plan can be used to pay for the cost of graduate school. Can the funds also be used to pay for graduate school application fees? IRS Publication 970, which covers this general subject of 529 plans, doesn't specifically discuss college application fees and whether they are qualified education expenses. Some schools specifically indicate application fees are NOT considered a qualified education expense.

  • Greece's National Bank to seek up to 2.5-bn euro capital hike AFP - Wed, Apr 16, 2014 5:46 PM AEST
    Greece's National Bank to seek up to 2.5-bn euro capital hike

    Greece's top lender National Bank on Wednesday said it would ask its shareholders to approve a capital increase of up to 2.5 billion euros ($3.5 billion) next month. "The board has decided to call an extraordinary general meeting on May 10 to approve a share capital increase... of up to 2.5 billion euros," the bank said in a statement. All four of Greece's main lenders have been told by the central bank to shore up their balance sheets against mounting bad loans. The Bank of Greece last month said Greece's four top banks -- National Bank, Piraeus, Alpha and Eurobank -- between them needed nearly 6.4 billion euros in additional capital.

  • Italy's trade surplus surges, Spain's shrinks in drive for growth AFP - Wed, Apr 16, 2014 4:59 PM AEST
    Italy's trade surplus surges, Spain's shrinks in drive for growth

    Italy's trade surplus rose to 2.6 billion euros ($3.6 billion) in February thanks to a sharp increase in exports within Europe, particularly of cars, official data showed on Wednesday. Eurozone countries hit by the debt crisis and economic downturn focused particularly on generating export-led recovery, as a way of boosting later household consumption and economy growth overall. Italy, with the third-biggest economy in the eurozone after Germany and France, is striving to introduce reforms to strengthen its economy and competitiveness, and to underpin its widely based exporting industries. In Spain, the eurozone's next-biggest economy, official data showed that the trade deficit jumped by more than a third in February compared to the almost 20-year low it hit a year earlier.

  • Insider Tips: Smart Money Moves to Save Big Bucks Kiplinger - Wed, Apr 16, 2014 9:30 AM AEST

    Get your financial house in order with help from these expert tips.

  • Southern California home prices climb in March Associated Press - Wed, Apr 16, 2014 5:21 AM AEST

    Southern California's median home sale price hit $400,000 in March to set a fresh six-year high as tight supplies limited sales, a research firm said Tuesday. The median price for new and existing houses ...

  • EU lawmakers complete financial system overhaul Associated Press - Wed, Apr 16, 2014 12:25 AM AEST

    The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by ...

  • 7 Excuses People Use to Avoid Financial Responsibility US News - Wed, Apr 16, 2014 12:01 AM AEST

    The recipe for finding financial success is an easy one. If you do that over and over, you will see financial success.

  • City leaders unanimously approve deal for Pacers Associated Press - Tue, Apr 15, 2014 11:32 PM AEST

    The Pacers' biggest win so far this season came Monday — off the court. One day after breaking out of a slump by beating Oklahoma City and hours before Miami rested its star players, essentially ceding ...

  • Disgraced former city manager gets prison Associated Press - Tue, Apr 15, 2014 9:12 PM AEST
    Disgraced former city manager gets prison

    The disgraced former city manager who became the face of a multimillion dollar corruption scandal in the small Los Angeles suburb of Bell was sentenced in federal court Monday to 33 months in prison for ...

  • EU lawmakers to complete financial system overhaul Associated Press - Tue, Apr 15, 2014 8:10 PM AEST

    The European Parliament on Tuesday was set to complete the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed ...

  • How to deal with a shady debt collector Bankrate.com - Tue, Apr 15, 2014 8:00 PM AEST

    I believe it is from a payday loan I got a long time ago. They call me and my family. I am truly shocked by this development in the payday loan world. You took out a payday loan at some point in the past few years.

  • 'Credit Suisse subpoened in tax-evasion probe' AFP - Tue, Apr 15, 2014 7:21 PM AEST
    'Credit Suisse subpoened in tax-evasion probe'

    A New York regulator probing Credit Suisse's role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday. Benjamin Lawsky, New York's superintendent of financial services, last week subpoenaed Credit Suisse for banker's emails, hard drives, personnel records, travel records, expense records and calendar entries. The probe has also sought records of Roger Schaerer, the former head of Credit Suisse's New York branch. Schaerer was one of four Credit Suisse officials named in a February 2011 Department of Justice indictment who allegedly helped US customers open secret bank accounts in Switzerland to evade US taxes.