Britain extends EU banking passport

Britain extends EU banking passport

Britain's financial regulators have extended the City passport for European banks until the Brexit transition period ends in 2021, challenging European supervisors to follow suit and let the sector put contingency plans on hold. The Bank of England and the Financial Conduct Authority said that European
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Snail Games Finally Unveiled ARK Park VR Title At GDC 2018

The developers at Snail Games have taken advantage of VR's relatively rapid growth to create a new title called ARK PARK which was recently shown at GDC 2018. The game is a spin-off from the company's ARK Survival Evolved franchise and takes advantage of the technology to allow users a
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DocuSign Is the Latest Tech Unicorn to File for an IPO

DocuSign's new CEO Daniel Springer shepherded marketing software firm Responsys through its IPO and lets its $1.6 billion sales to Oracle in 2014. © Gary Parker 2017 © GaryParker.com 2017ALL RIGHTS RESERVED except as graned to client, Docusign, per contractual agreement. By David Meyer.
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$0.47 EPS Expected for Changyou.com Limited (CYOU); Investors Title Co (ITIC)'s Sentiment Is 1.36

Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. The company has market cap of $375.29 million. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance
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Toronto's Tale of Two Markets Is Hot Condos and Cold Houses

After a decade as one of the world's hottest housing markets, Toronto is moving in two directions. Transactions have certainly cooled since May as the government introduced new rules to tame runaway prices. But the impact has been largely on big, expensive detached homes, with sales plunging 41
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Two Koreas Set April 27 for Kim Jong Un's Historic Walk South

Kim Jong Un could become the first North Korean leader in history to enter South Korea in just over four weeks, when he steps across the heavily fortified border for a summit with President Moon Jae-in. The April 27 meeting on the southern side of the demilitarized zone will be the first between leaders
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Mortgage Loans, Risky Lending, and Crisis

The link between the loan market and the housing market that works through mortgage loans is critically examined. Repayment of such mortgage loans depends on the future earning potential of the borrowers, which in turn depends on the overall state of the macroeconomy. Under buoyant
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Forget JPMorgan, The World's Best Bank Is A Much Stronger Buy Today

The Financial Crisis devastated many US banks, leading many investors to consider them “financial black boxes” to be avoided. However, the US banking industry has changed a lot since those dark times, and today many large US banks have strong prospects and fortress-like balance sheets.
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Morning Coffee: The new most precarious jobs in banking? JP Morgan and the STEM students

Maybe James Gorman was right? Back in January, Morgan Stanley's boss cautioned against joining European banks on Wall Street because, he said, they have a history of expanding in the U.S. only to retreat again later. That dynamic may now be playing out at Deutsche Bank. This time last year, the
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Renault and Nissan Is All About the Politics

Merging two listed companies to create one with a single listing is bread-and-butter stuff for investment bankers. Doing so with Renault SA and Nissan Motor Co., which Bloomberg News says is under discussion, would be nothing short of revolutionary. For once, the bankers are really going to earn
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The World's Biggest Solar Project Comes With a 'Batteries Included' Sticker

“In a number of markets, you are seeing customers seeking a greater deal of control.” By the end of 2018, it's possible that U.S. utilities may be asking for batteries on every solar project proposed, said Ravi Manghani, an energy analyst at GTM Research. That would mean the country is about to embark
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Barclays to suspend online services while it splits bank

Barclays' online and mobile banking services will be unavailable this weekend, as the bank temporarily switches off access for 24 million customers to meet regulations designed to avoid taxpayer bailouts. Throughout the night from 11.30pm on Saturday until 3.30pm the following afternoon on Easter
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Andrea Hibler joins First Federal as lending manager

andrea-hibler-copy Andrea Hibler has joined First Federal as lending manager at the Treasure Valley First Federal lending office. Hibler has 22 years of lending experience and specializes in all types of mortgage lending, from construction lending to first-time homebuyers. 5:00 am Thu, March 29, 2018
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A Lost Decade

Its collapse was among the sparks that lit the financial crisis and imminent collapse of the huge housing Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac. Fannie and Freddie ended up in conservatorship by the Federal Housing Finance Agency (FHFA) and virtually every
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What the interest rate cut means for homeowners, buyers

In this Friday, Feb. 23, 2018, photo a for sale sign stands in front of a house, in Walpole, Mass. Freddie Mac reports on the week's average U.S. mortgage rates on Thursday, March 15. (AP Photo/Steven Senne). Cape Town – The Reserve Bank decided on Wednesday to cut its repo rate by 25 basis
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UK house prices fall for second month, with London weakest region

Gardner said: “Looking ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates. Subdued economic activity and the ongoing squeeze on household budgets is likely to continue to exert a modest drag on housing market
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Albemarle Supervisors Ask WV Governor to Pay Real Estate Taxes

West Virginia Governor Jim Justice owes Albemarle County almost $150,000 in tax money, and supervisors are asking him to pay up. James C. Justice Companies owns the 4,500 acres of land off Buck Island and Martin Kings Road. It has not paid real estate taxes on the land for 2016 and 2017.
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Air India sale: Who'll buy debt-laden carrier?

The government has waived some of the criteria for existing Indian airline operators to make bids – relating to net worth and recent profitability – so long as they bid as part of a consortium. Qatar Airways was another international airline linked with buying a stake in Air India, but it has since denied any
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Women and Wealth – Why it matters and what can private banks do?

Only 2% of private banks globally think of women as a distinct client segment. And that is precisely why I am standing here, so you do not lose out on this opportunity.” Raftell explained that it is somewhat trite to think of wealthy women just as divorcees, widowers, or young entrepreneurs. “It is rather more
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Study finds typical LIer earns less than half what it takes to buy a home

The report used weekly wage data from the federal Bureau of Labor Statistics, as well as figures from mortgage giant Freddie Mac and sales records to compare home prices with incomes for 446 counties across the country, assuming buyers made down payments of 3 percent and paid typical mortgage
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