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Diversified Financials Consumer Finance

  • WASHINGTON, May 16- Democrats are striking back at the regulation-cutting blitz in the U.S. Congress and White House, as Republicans ratchet up attacks on rules they say hurt business and give bureaucrats too much power. New Jersey Senator Cory Booker, a Democrat, on Tuesday will introduce legislation to kill the Congressional Review Act, a law Republicans used...

  • The new estimate was provided in a filing late Thursday night in the federal court in San Francisco, and is 1.4 million accounts higher than previously reported by federal regulators, in what became a national scandal. Wells Fargo spokesman Ancel Martinez in an email said the new estimate was "based on a hypothetical scenario" and unverified, and did not reflect "...

  • Wells Fargo spokesman Ancel Martinez in an email said the new estimate was "based on a hypothetical scenario" and unverified, and did not reflect "actual unauthorized accounts. District Judge Vince Chhabria in San Francisco is scheduled to consider preliminary approval at a May 18 hearing. John Stumpf and Carrie Tolstedt, who were respectively the San...

  • NEW YORK, May 12- Beef companies, credit card firms and liquefied natural gas exporters emerged as potential corporate winners on Friday in the wake of trade agreements reached between the United States and China. In one of the actions laid out under the agreement, by July 16, China agreed to issue guidelines that would allow U.S.-owned card payment services "to...

  • *In talks to sell C $2 billion of assets- sources. May 11- Home Capital Group, Canada's biggest non-bank lender, said on Thursday that uncertainty around its future funding capabilities had cast doubt about whether it would be able to continue as a going concern. The withdrawals accelerated after April 19, when Canada's biggest securities regulator, the Ontario...

  • WASHINGTON, May 11- A major challenge to the U.S. watchdog for consumer finances fizzled on Thursday, as Congress missed a deadline to repeal the agency's new rule on prepaid cards. The timing made the rule eligible for Congress to repeal it under the Congressional Review Act, but lawmakers only had until Thursday to kill the regulation by passing a disapproval...

  • May 11- Home Capital Group, Canada's biggest non-bank lender, is in talks to divest about C $2 billion in assets to help pay down a high-interest loan and delay a potential sale of the entire company, according to people familiar with the situation. The company wants to sell all or part of its commercial mortgage portfolio, its consumer finance business and a small...

  • TORONTO, May 11- Home Capital Group, Canada's biggest non-bank lender, is in talks to divest about C $2 billion in assets to help pay down a high-interest loan and delay a potential sale of the entire company, according to people familiar with the situation. The company wants to sell all or part of its commercial mortgage portfolio, its consumer finance business and...

  • TORONTO, May 11- Home Capital Group, Canada's biggest non-bank lender, is looking to divest about C $2 billion in assets to help pay down a high-interest loan and delay a potential sale of the entire company, according to people familiar with the situation.

  • SHANGHAI, May 10- China's lenders are swapping struggling corporates for more promising retail borrowers- restructuring branches, teams and even overhauling bankers' commissions in an unprecedented push that is fuelling a record jump in home loans. While retail lending also includes credit cards and consumer loans, mortgage lending has been a focus for...

  • 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.