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  • Saving Money Major banks settle with homeowners. Are you entitled?

    If your home loan is serviced by one of the five major lenders – including Bank of America and Wells Fargo – you may be entitled to a share of one of the largest civil settlements in history. 

  • Clues about who's behind recent cyber attacks on US banks

    A Middle Eastern hacktivist group appeared to claim responsibility for massive denial-of-service cyber attacks on websites of six US banks. Some experts now say that claim is a 'false flag' to divert attention from the real attackers.

  • September manufacturing growth lifts stocks

    Stocks got a boost from the latest manufacturing report, which showed growth in September. The manufacturing report came out half an hour after trading began, and sparked Monday's jump in stock prices.

  • Stocks stumble towards end of solid 3Q

    Stocks fell Friday in all industry groups in the S&P 500 except utilities. The biggest losses were in telecommunications and information technology stocks. But the big indices are still up 4 percent or more for three months.

  • Five ways big banks' Libor scandal affects you

    London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

  • Housing prices: Agents make houses sell for a lot less. On purpose.

    Housing prices are manipulated by shady real estate agents who practice 'flopping.' Instead of making homes look good to raise housing prices, tey make them look bad so banks will sell them for a loss.

  • Stocks rise in anticipation of Fed meeting

    Investors hope an upcoming Federal Reserve meeting will lead to a jump in stock prices. The average of 30 large company stocks has already gained 1.8 percent to start September, a month which is usually dismal for stocks.

  • Companies we love in 8 industries we hate

    A trip to the bank doesn't have to be a nightmare. Here are the customer service winners in eight industries that customers hate, from airlines to cable companies.

  • Federal Deposit Insurance Corporation: Bank profits up from 2011

    Federal Deposit Insurance Corporation (FDIC) said Tuesday that the banking industry earned $34.5 billion in the second quarter, up from $28.5 billion in the second quarter of 2011. Banks were also less cautious about lending, though earnings growth remained 'sluggish' according to the Federal Deposit Insurance Corporation.

  • The Reformed Broker Hot new trading trend: European stocks

    Typically, Europe doesn't get a lot of love from Wall Street. But more and more, traders are beginning to go after quality Euro stocks.

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
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