Embattled social media giant Facebook (fb, -1.10%) just got a boost from heavy hitting investment firm Sequoia Fund. Sequoia Fund, which is valued at $4.2 billion, has bought a small stake in Facebook. Ruane, Cunniff & Goldfarb, Sequoia's investment manager, announced to clients in a letter last week
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The talk of India's banking sector plunging into a financial crisis is nothing but “fearmongering” as the amount of fraud in the Nirav Modi case is equivalent to just three days of interest of the country's “solid” banking sector, BSE CEO Ashish Chauhan has said here. India's second-largest state-run lender
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Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: âThe jump in Halifax's measure of house prices in March just looks like volatility, rather than the start of a strong upward trend. Halifax's index is prone to large swings; the standard deviation of month-to-month growth since 2010 has
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Banking stocks were the top-performing sector in early trade, up by 0.5 percent. This followed news of a management change at Deutsche Bank. The German lender appointed Christian Sewing as its new chief executive officer, taking effect immediately. The German national is a retail bank specialist,
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David Hodnett, deputy chief executive officer of the South African bank who became finance director in 2010, is taking a two-month sabbatical, the Johannesburg-based lender said in the statement on Monday, without detailing his reasons. Arrie Rautenbach becomes chief executive officer of retail and
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The number of homeowners and potential buyers feeling confident about the economy and their current financial situation is increasing, but they continue to have concerns about the housing market, according to the National Association of Realtors' Housing Opportunities and Market Experience
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Share of Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) stock price is settled at $4.78 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that NRO spotted a positive behavior with drift of 1.27%. Every trading day indicate diverse
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âThe real estate market in general needs to work together, builders, suppliers, to solve the affordable housing problem.â Luckily, there are more than 66 down payment assistant programs in Georgia, organizations such as Invest Atlanta and Atlanta Housing Authority that are really promoting home
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The Euribor rate was created in 1999 and has since reflected the average rate of interest at which a large number of European banks offer to lend each other short-term funds â with a view to eventually lending money to private households or companies. It's important to know that the Euribor is
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Home prices in Sydney and Melbourne, Australia's largest and most expensive property markets, are now weakening after years of unrelenting growth. According to data released by CoreLogic today, prices in Sydney have fallen by 1.9% this year, and by 0.5% in Melbourne, leading to renewed
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Legal & General Mortgage Club has partnered with Newcastle Intermediaries to expand its large loan offering. The deal will see a new range of large loan exclusives with two-year fixed rates available from 2.59% at 60% LTV, 2.65% at 75% LTV and 2.69% at 80% LTV. Five-year fixed rates start at 3.19%
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The powerful Albizi family whose German roots dated to the time of the Holy Roman Emperor Otto III made its considerable fortune out of importing and selling French wool and in banking. After initially settling in Arezzo, the Albiziâwhose name in Old High German derived from albiz, meaning
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As part of the boardroom shake-up, Garth Ritchie will become sole head of the corporate and investment bank. He had shared the role with Marcus Schenck, who told the supervisory board before Easter that he would leave the bank after the annual meeting on 24 May. Ritchie and the executive board
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Steve Wozniak, who co-founded Apple with Steve Jobs, says he is abandoning Facebook because of its exploitation of people's data. Facebook (fb, -1.10%) is having an incredibly turbulent time, thanks to a variety of scandals ranging from Russian disinformation campaigns to the service's
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The nonprofit funds — one for long-term, mortgage-like loans and the other for short-term loans of up to five years — are backed by the Walton Family Foundation of Bentonville through its already existing Building Equity Initiative and, in the case of the short-term loan fund, in partnership with Bank of
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It's not every day that a press release takes 6 percent of the world's aluminum off-line. That's what the U.S. Treasury Department's announcement Friday of sanctions on United Co. Rusal Plc and its co-founder Oleg Deripaska did, making it risky for most global companies to deal with the largest producer
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The ouster of Cryan capped an embarrassing two-week run for the 148-year-old lender. Media reports highlighted tension with Achleitner and speculated that the 57-year-old CEO was on his way out. Without any response from Deutsche Bank, the Briton was essentially hung out to dry amid news of the
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We live in interesting times. Just as investors weigh up the U.S.-China trade punch-up, markets need to adjust to a whole new front. U.S. sanctions against Russian companies and oligarchs are upending aluminum. The metal's surging, while shares in United Co. Rusal are in the grinder. What should we
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John Ruddy reveals good fortune with Wolves penalty save. By Tim Spiers | Wolves | Published: Less than an hour ago. John Ruddy was Wolves' hero at Cardiff â but if he'd remembered his research it may have been a different story.
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The peer-to-peer platform consumer finance platform had lent £100,099,590 by Monday 9 April, with consumer lenders allocating an average amount of £19,339. On Monday morning there were more than 3,862 active lenders on the platform, funding an average of 196 loans each. The platform has
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