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- Appeals court affirms Petters conviction, sentence
AP (December 09, 2011)
ST. PAUL, Minn. (AP) - A federal appeals court Friday upheld the 2009 conviction and 50-year prison sentence of Minnesota businessman Tom Petters, who was found guilty of orchestrating a $3.7 billion Ponzi scheme.
- Pro-Israel lobby backs sanctions on Iran bank
AP (December 07, 2011)
WASHINGTON (AP) - The powerful pro-Israel lobby is backing tough sanctions on Iran's Central Bank as Congress wrestles with an Obama administration request to ease the impact of the penalties.
- SKS moves away from microloans, boosts other areas
AP (December 07, 2011)
MUMBAI, India (AP) - The future of microfinance may not lie in small loans alone.
- 2012 Mortgage delinquencies seen dropping sharply
AP (December 07, 2011)
NEW YORK (AP) - If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion.
- UK's Cameron defends London's financial industry
AP (December 07, 2011)
LONDON (AP) - British Prime Minister David Cameron says he will demand greater freedoms for London's sprawling financial industry as his price for supporting any new European Union treaty to solve the euro crisis.
- NC's AG at White House for consumer agency push
AP (December 07, 2011)
RALEIGH, N.C. (AP) - North Carolina Attorney General Roy Cooper is visiting the White House, joining the congressional battle over the agency protecting consumers from financial industry abuses.
- House panel votes to subpoena Corzine on MF Global
AP (December 02, 2011)
WASHINGTON (AP) - A congressional panel has subpoenaed former Sen. Jon Corzine to testify next week about his role leading MF Global, a brokerage firm that collapsed this fall after a disastrous bet on European debt.
- Figures on government spending and debt
AP (November 28, 2011)
- Treasurys flat after strong holiday shopping
AP (November 28, 2011)
NEW YORK (AP) - U.S. Treasury prices were little changed after a strong start to the U.S. holiday shopping season reduced demand for ultra-safe assets.
- Fitch keeps AAA US credit rating but dims outlook
AP (November 28, 2011)
WASHINGTON (AP) - Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failure to agree on long-term deficit cuts. But it is lowering its outlook to negative.
- MF Global trustee says $1.2B or more missing
AP (November 21, 2011)
WASHINGTON (AP) - The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month.
- Chase rolls out card with chip technology
AP (November 21, 2011)
NEW YORK (AP) - Chase is rolling out a credit card embedded with a "smart" chip technology that reduces fraud and is already widely used outside the United States.
- UK to cut financial ties with Iranian banks
AP (November 21, 2011)
LONDON (AP) - The U.K. will cut financial ties with Iranian banks over fears about its nuclear program, Britain's Treasury chief George Osborne said Monday.
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