Ex-Rabobank trader pleads guilty to rate rigging
Aug 19, 2014 at 19:02 | Source:
A former senior trader at Rabobank has pleaded guilty to interest rate rigging in the US. Paul Robson is the second trader at the Dutch bank to plead guilty to trying to rig the Yen Libor rate and the first Briton to do so. Last year Rabobank paid $1...
Iraq unrest: Gunmen seize hospital with stranded Indian nurses
Jul 02, 2014 at 16:13 | Source:
Asthe crisis in Iraq escalates, Indian nurses in Tikrit told Human Rights watchdog Amnesty International India that armed men had seized control of the government hospital where they wereemployed and are stranded.Nurses also told Amnesty that the gun...
US house price growth slows as demand weakens
May 28, 2014 at 05:52 | Source:
US housing price growth slowed to just 0.2% in the first three months of 2014, latest figures show. According to the S P/Case-Shiller index, the slowdown in growth compared with the previous quarter was partly caused by tighter bank lending regulatio...
Economy builds momentum without housing boost
May 18, 2014 at 22:47 | Source:
WASHINGTON (MarketWatch) — The case for faster U.S. growth in the second half of 2014 largely depends on a broad improvement in the economy, but the housing market remains in danger of falling behind. Many economists believe home sales and constru...
Why millennials are hurting the real estate recovery
May 12, 2014 at 19:22 | Source:
First-time home buyers haven’t been much help in the housing recovery, but it isn’t because young adults stopped aspiring to become homeowners. “Though they see a tough road to affording Homeownership, younger renters [those between the ages o...
Treasurys gain for fifth day in six on Yellen
May 08, 2014 at 05:42 | Source:
NEW YORK (MarketWatch) — Treasury prices closed mostly higher Wednesday after Federal Reserve Chairwoman Janet Yellen suggested the economic outlook still merits an accommodative monetary policy, holding gains after a strong auction of 10-year not...
American teens don’t want to work
May 01, 2014 at 19:32 | Source:
Here’s yet another thing your teenager doesn’t want to do this summer: get a job. The number of teens with summer jobs has fallen roughly 30 percentage points since the late ‘70s. In 1978, nearly three in four teenagers (71.8%) ages 16 to 19 h...
How to Borrow for College
Apr 12, 2014 at 10:01 | Source:
Wall Street Journal
Interest rates on federal student loans are poised to rise, giving families fresh incentive to consider borrowing from colleges, state agencies and banks, experts say. Many students are reviewing offers of financial aid for the 2014-15 school year an...
J.P. Morgan’s earnings miss is a win for Main Street
Apr 12, 2014 at 01:22 | Source:
J. P. Morgan Chase & Co. missed first-quarter earnings forecasts by a mile. So why should you be smiling? Because the combination of the big miss from J.P. Morgan (NYSE:JPM) — the bank that has supplanted even Goldman Sachs (NYSE:GS) as the s...
On the road again
Apr 11, 2014 at 17:22 | Source:
This week’s consumer credit report reflected a consumer that is borrowing to spend on their two biggest investments outside of owning their house: student loans and cars. While the latter may lose value the minute you drive off the lot, it is stil...
Parents: You’re saving for college all wrong
Apr 11, 2014 at 00:32 | Source:
While American families have more money saved for college than they did last year, it’s still not nearly enough — and they’re saving incorrectly, advisors say. Only half of all families with children under 18 save any money for college (down f...
Who cares where you went for college?
Mar 14, 2014 at 14:12 | Source:
Some 15 years ago, my wife and I attended a barbecue fundraiser for a local nonprofit. As we made our way through the crowd, I bumped into a friend I hadn’t seen in a while. Jack (not his real name) was the CFO of a good-sized public company. Afte...
Barack Obama pitches his health care plan on Funny or Die!
Mar 12, 2014 at 08:24 | Source:
New York: Zach Galifianakis brought the ferns, and US President Barack Obama opened a new avenue of presidential communication.The president urged young people to sign up for the new health care plan through an appearance posted Tuesday on the comic ...
Barack Obama calls for tax changes in 2015 budget
Mar 05, 2014 at 02:07 | Source:
US President Barack Obama has called for expanded tax credits for the poor and for a reduction in tax breaks for the rich in his annual budget proposal. The $3.9tn (£2.34tn) budget calls for a rise in the minimum wage and for new spending on infrast...
4 money differences between married and divorced people
Feb 25, 2014 at 04:37 | Source:
People make dating decisions based on dozens of factors: shared interests, friendliness, clever online dating profiles, attractiveness and so on. What people don’t do: “Our personal finance habits complement each other, and we have similar debt ...
P Chidambaram to meet PSU bank chiefs on March 5
Feb 21, 2014 at 10:32 | Source:
NEW DELHI: Finance Minister P Chidambaram has called a meeting of heads of public sector banks on March 5 to take stock of their non-performing assets, credit growth and financial performance. The meeting with the top officials of public sector bank...
Dear Mr FM, why give me discounts on cars when I can't afford food?
Feb 18, 2014 at 17:59 | Source:
This was a article received by us in response to the Finance Minister's Vote on Account. It has been edited for language and grammarBy Amit DagaDear Mr Finance Minister,I graduated around the same time when UPA came into power first time, in 2004.Des...
Full text: Read Chidambaram's Interim Budget 2014-2015 speech
Feb 18, 2014 at 11:33 | Source:
Madam Speaker,INTRODUCTIONI rise to present the Interim Budget for 2014-15.The Current Economic Situation2. As I prepared to write this speech, I found that whether it is a regular Budget for the full year or an interim Budget, some things remain the...