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Diversified Financials Consumer Finance

  • Some of us hoard cash while paying 18% interest on a credit card balance. Others blow through a tax refund as if it were free money when it's actually a return of our own hard-earned dollars. This brain quirk has a name: mental accounting.

  • WARREN BUFFETT ON CNBC SAYS THE U.S.

  • WASHINGTON, May 4- A House banking panel on Thursday passed a controversial bill that would drastically change how the U.S. government regulates the financial sector. With support only from the panel's Republicans, the bill approved by the House Financial Services Committee would eliminate significant parts of the Dodd-Frank financial reform law and place...

  • Shoppers look at 'lucky bags' containing luxury watches displayed outside a store on January 1, 2016 in Tokyo, Japan.

    There’s no cheap date in Zurich and running costs an arm and a leg in Copenhagen. If that gets you down, move to Wellington.

  • May 3- Canadian mortgage provider Equitable Group Inc said on Wednesday it had added three more banks to a syndicate that would fund its C $2 billion loan commitment. Subprime mortgage lenders in Canada have been racing to shore up confidence in their model as depositors pulled more money out of rival Home Capital Group Inc's high-interest savings accounts.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • WASHINGTON, May 2- Democrats in the U.S. House of Representatives opposed to Republican legislation that would repeal major sections of the Dodd-Frank financial reform law on Tuesday made multiple efforts to delay the bill. The House Financial Services Committee was due to consider Representative Jeb Hensarling's sweeping bill to rework the 2010 law.

  • TORONTO, May 1- Canadian subprime mortgage lenders raced to shore up confidence in their model on Monday as depositors pulled more money out of Home Capital Group Inc's high-interest savings accounts while another lender lined up C $2 billion in emergency funding. Canada's No. 2 listed alternative lender Equitable Group said it has taken steps to reinforce...

  • TORONTO, May 1- Canadian subprime mortgage lenders raced to shore up confidence in their model on Monday as depositors pulled more money out of Home Capital Group Inc's high-interest savings accounts while another lender lined up C $2 billion in emergency funding. Canada's No. 2 listed alternative lender Equitable Group said it has taken steps to reinforce...

  • TORONTO, May 1- Canadian non-bank mortgage lenders raced to shore up confidence in their model on Monday as depositors pulled more money out of Home Capital Group Inc's high-interest savings accounts while a second lender lined up C $2 billion in emergency funding. Meanwhile, Home Capital, Canada's biggest alternative lender, said it expected to draw down half...

  • BOSTON, April 28- The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney...

  • *Profit rise driven by credit cards, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under its American Chief Executive Jes Staley.

  • *Profit rise driven by credit cards, investment banking, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under Chief Executive Jes Staley.

  • *Profit rise driven by credit cards, investment banking, UK bank. *To create 1,000 new jobs in UK in operations and technology. LONDON, April 28- Barclays reported its first quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals.

  • TORONTO, April 27- Canadian alternative lender Home Capital Group Inc said on Thursday the Healthcare of Ontario Pension Plan agreed to provide a $2 billion credit line to its unit Home Trust. But depositors have withdrawn more than half of Home Capital's high-saving interest accounts, while the total balance of its larger pool of less-liquid guaranteed...

  • But depositors have withdrawn more than half of Home Capital's high-saving interest accounts, while the total balance of its larger pool of less-liquid guaranteed investment certificates fell to C $12.98 billion as of April 25 from C $13.06 billion on March 28. Home Capital said that it had liquid assets of C $1.3 billion as of April 25, compared with C $1.5...