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12 Apr 2005 07:49 AM
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Afro-Americans twice as likely to end up with high-cost mortgage:
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US mortgage lenders are now required to make additional disclosures about the pricing of loans in March as part of their filings under the Home Mortgage Disclosure Act, or HMDA. Now, starting with 2004, filings with regulators will require that lenders to report more data on loans where the interest rate is above the yield on long
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11 Apr 2005 06:50 PM
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Bank of Korea will not diversify reserves «at the present»:
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The foreign-exchange reserves of South Korea’s central bank will not be diversified, at least for the time being, the bank’s senior official said Sunday.
Park
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11 Apr 2005 06:21 PM
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Merrill tops Morgan Stanley in global stock sales:
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The world’s leading equity underwriter Merrill Lynch & Co. topped its main rival Morgan Stanley in global stock sales in the first quarter, according to Bloomberg.
Earlier Merrill Lynch reported a slight decline in the Wall Street profit growth on the US interest rate hikes. Higher
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11 Apr 2005 05:47 PM
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Lazard sets price range of IPO:
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Global investment bank Lazard set the price range for its initial public offering scheduled for 2005. The company’s IPO has already being named the most high-profile initial public offering.
With
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11 Apr 2005 09:38 AM
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Japanese watchdog bars Credit Suisse unit from new business on law violation:
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Japanese watchdog temporarily suspended new business of Credit Suisse Trust & Banking Co.’s Japan-based unit on the violation of Japanese law in its activity.
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11 Apr 2005 09:21 AM
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BBVA involved in «fair» bid for BNL:
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Banca Nazionale del Lavoro SpA called the bid of Bilbao-based Banco Bilbao Vizcaya Argentaria (BBVA) «fair» pointing at the bank’s ability to purchase Italy’s sixth-largest bank in a deal worth €6.44 billion ($8.3 billion).
BNL’s
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11 Apr 2005 08:45 AM
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Greenspan offers guidance to markets:
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Markets continue to look to look to Alan Greenspan for direction. A letter released by Fed Chairman on Friday had to convince the homeowners that a shapp drop in home prices is not yet in view.
"For the nation as a whole, I do not believe that a ’bubble’ has developed, but the extraordinary gains in some local
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11 Apr 2005 08:12 AM
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LAZARD ANNOUNCED AN ESTIMATED PRICE FOR ITS IPO:
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LAZARD ANNOUNCED AN ESTIMATED PRICE FOR ITS IPO IN THE RANGE OF $25-$27 PER SHARE.
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08 Apr 2005 08:40 AM
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Fannie and Freddie to be put under strict regulatory limits:
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The Bush administration showed readiness to toughen regulation of Fannie Mae and Freddie Mac by means of legislation.
Treasury Secretary John Snow one more time stated his idea to placed limits on the size of the two government
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07 Apr 2005 06:54 PM
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Falcon: Fannie broke accounting rules:
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The US government-backed mortgage lender Fannie Mae is accused by the Ofheo regulator of breaking accounting
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07 Apr 2005 12:22 PM
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UBS €1bn of subordinated bank capital sold Wednesday:
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The Swiss investment bank UBS sold €1 billion of subordinated bank capital in an attempt to expand on institutional market, the company said.
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07 Apr 2005 11:06 AM
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U.S. 30-year mortgage rate fell to 5.93%: Freddie Mac:
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The U.S. 30-year mortgage rate fell 9 basis points to 5.93%, according to Freddie Mac.
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07 Apr 2005 10:26 AM
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Morgan Stanley ready for trial with Perelman:
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Morgan Stanley is getting ready to the trial with financier Ronald Perelman, Revlon Inc. chairman, that has filed a lawsuit against the world’s biggest investment bank.
Perelman’s
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07 Apr 2005 09:02 AM
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ECB has left its interest rate unchanged at 2% as expected:
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The ECB has left its interest rate unchanged at a six-decade low as record oil prices and high euro threatened economic
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07 Apr 2005 08:54 AM
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Bank of England has left its rate unchanged at 4.75%:
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Today, as expected, the Bank of England has left its main interest rate unchanged at 4.75% for the straight eighth month.The Monetary Policy Committee has not changed the rates since August 2004, when it was raised by 0.25%.
Many
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