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Finance


2012-03-22 09:59:01

Discover Financial Services (DFS), the top performer for the past year in the Standard & Poor’s 500 Financials Index, said fiscal first-quarter profit climbed 36 percent to a record as consumers spent more on credit cards.
 

2012-03-22 09:58:13

Harboring an unlicensed duck in Hong Kong can land a fine of HK$50,000 ($6,440) after the world’s first human deaths from bird flu were recorded in the city 15 years ago. That’s 50 times the penalty for driving a vehicle belching smoky fumes.
 

2012-03-22 09:57:18

Atsushi Kanbe, who manages a Japanese pension fund for wholesalers of products from vegetables to pottery to household goods, said he turned to AIJ Investment Advisors Co. to help increase gains to pay retirement benefits.
 

2012-03-22 09:56:20

Nomura Holdings Inc. (8604), Japan’s largest investment bank, was involved in an insider-trading case connected to Inpex Corp. (1605)’s 2010 equity offering, according to a person with knowledge of the matter.
 

2012-03-19 08:52:19

Min Sovannry wasn’t born when the Communist Khmer Rouge took power in 1975 and abolished Cambodia’s money, markets and financial system. Now the 21-year- old college student can’t wait to embrace capitalism.
 

2012-03-19 08:51:20

Japan’s shrinking economy is poised to get a lift from the children of baby boomers taking out their first mortgages with rates close to a three-year low.
 

2012-03-19 08:50:39

Standard Chartered Plc (STAN) Chief Executive Peter Sands said he hopes London will as soon as this year become an offshore yuan center where companies can raise funds denominated in the Chinese currency.
 

2012-03-19 08:49:51

Goldman Sachs Group Inc. (GS)’s directors must investigate a former employee’s allegations about a change in the firm’s culture, Jacki Zehner, who was a partner when she left the firm in 2002, wrote on her blog.
 

2012-03-16 13:23:07

Bank of Communications Co., China’s fifth-largest lender, plans to raise 56.6 billion yuan ($8.9 billion) in the world’s biggest share sale since May.
 

2012-03-16 13:22:19

Berkshire Hathaway Inc. (BRK/A) Chief Executive Officer Warren Buffett, who has said banker greed helped deepen the U.S. financial crisis, attracts the workers he wants with compensation that competes with Wall Street awards.
 

2012-03-16 13:21:30

Attorney Lynn Szymoniak had spent a career investigating insurance fraud when a bank moved to foreclose on her Florida home in 2008. Almost four years later, the fraud she said she uncovered by combing through mortgage documents earned her $18 million.
 

2012-03-16 13:20:34

Nomura Holdings Inc. (8604)’s debt rating was cut to the lowest investment grade by Moody’s Investors Service, which said global competition raises questions over the profitability of Japan’s biggest securities firm.
 

2012-03-13 09:12:03

Jeremy Hill, a managing director at JPMorgan Chase & Co. who gave his time and money to support young people with cancer before being diagnosed with an advanced case of it himself, has died. He was 43.
 

2012-03-13 09:10:49

Western European lenders such as UniCredit SpA (UCG) and Erste Group Bank AG are maintaining support for units in the region’s east even as they steer them toward local funding because of new capital rules, Fitch Ratings said.
 

2012-03-13 09:09:56

Goldman Sachs Group Inc. (GS), the fifth-biggest U.S. bank by assets, named Justin Gmelich global head of credit trading as part of management changes in the wake of high-level departures.
 

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