A New Lawsuit Claims Morgan Stanley Still Discriminates Based on Race

Racial discrimination in hiring and employment practices continued at investment bank Morgan Stanley (ms, +1.59%) despite a class-action settlement more than a decade ago, according to a new lawsuit filed Thursday by a former employee. In a federal court complaint, John Lockette,
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Cumberland County Mortgage did $131.59 million in loan volume in 2016. “This is a natural evolution for the robust mortgage business we have been building in northern New England,” said HarborOne Bank President Joseph Casey. Cumberland County Mortgage has already been a source of
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Outside Financial, a direct lending online startup that allows consumers to educate themselves on the loan process and arrange financing, is in “advanced conversations” with lenders to join its platform, Chief Executive Jon Friedland, told Auto Finance News. The company has spent the past year
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Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank's $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first dollar-benchmarked sukuk transaction from
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The National Bank of Ukraine (NBU) from March 1, 2018 will provide cash banking services to new clients under the common contract for banking servicing and other services, the central bank has reported on its website. The decision was approved by NBU Board resolution No. 6 dated January 25,
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A worsening agave shortage is causing price spikes in the tequila industry and could lead to shortages even among major manufacturers. Agave is the key ingredient in making the alcoholic beverage. Reuters reports the price of the plants has risen sixfold in the past two years. And since Agave takes
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DCT Industrial Trust Inc (NYSE:DCT), a $5.60B mid-cap, is a real estate company operating in an industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. Real estate investment trust, or a REIT, is a collective vehicle for
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In the competitive world of real estate, one woman is attempting to stand out with a little help from tacos. Houston agent Nicole Lopez, of Intero Real Estate Services, is hoping to entice potential homebuyers with $250 worth of tacos. Lopez went viral after a Facebook account Shut the Front Door shared
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I've spent the last eight years covering Silicon Valley, most recently as the anchor of Bloomberg Technology. During that time, gender …. As the number of overall computer science degrees picked back up during the dot-com boom, far more men than women filled those coveted seats. The percentage of
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What's happening to NEM prices since the hack? Although 6 percent of the global NEM supply was stolen, supporters are largely unfazed. Prices have mostly rebounded since the attack and are up more than 20,000 percent from a year ago, according to coinmarketcap.com. Projects under development
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Facing slowing sales, Starbucks (sbux, -1.24%) hopes to jumpstart growth by bringing more customers into its membership program. The company announced on Thursday that it is launching a credit card with J.P. Morgan (jpm, +0.38%) and Visa (v, +0.88%). The Starbucks Reward Visa card will launch
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WASHINGTON — Long-term U.S. mortgage rates rose for the fourth straight week. The rates on 15-year, fixed-rate mortgages and five-year adjustable-rate mortgages hit the highest level since 2011. Mortgage giant Freddie Mac says the rate on 30-year, fixed-rate mortgages averaged 4.22 percent this
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Earn points towards fun & useful rewards while using your Village Bank Personal Credit MasterCard®! All you need to do is sign up for our rewards.
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Two decades ago a bunch of banking new boys were going to march into the industry and eat the old guard for lunch. Barclays, Lloyds and the rest would whither under the white heat of technology unleashed by the internet bankers, who were going to revolutionise service and end rip-offs. They had
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Mortgage rates are moving higher again. It's not much of a surprise, though, as this has been the expectation for 2018 for quite some time. It does mean, however, that if you're looking to buy a home or refinance your current mortgage, you should try to take action as soon as possible in order to try and
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Mortgage rates advanced for the fourth straight week, as the market begins to price in a more aggressive Federal Reserve and burgeoning inflation pressures. Freddie Mac said the 30-year fixed-rate mortgage averaged 4.22% in the week ending Feb. 1, up from 4.15%. A year ago, the benchmark
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But mortgage lending has remained a comparatively small business for SoFi, with about $3.7 billion in loan volume — as opposed to the $5.7 million it has out in personal loans and the nearly $8 million it has lent out for student financing. SoFi reports that going forward, it aims at further automation for its
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According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to its highest level since last March, rising to 4.22 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.15 percent a week ago and 4.19
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Good morning, Broadsheet readers! The head of the CDC out after investing in cigarettes, a former BBC editor is speaking truth to the powers behind the pay gap, and a woman is suing Walmart for locking up African American hair care products. Have an ambitious Thursday.
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MCLEAN, VA–(Marketwired – Feb 1, 2018) – Freddie Mac ( OTCQB : FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates continuing their upward trend in 2018. News Facts. 30-year fixed-rate mortgage (FRM) averaged 4.22 percent with
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