Puerto Rico Still Waits for $4.9 Billion From US Treasury

Over two months after Hurricane Maria devastated Puerto Rico, the island's government still hasn't received any of the $4.9 billion of short-term loans promised in the storm aid package Congress passed at the end of October. Christian Sobrino, the governor's representative on the island's federal
See Original Article

In view of the fires, the Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks and federal savings associations directly affected by the ongoing emergency to close. The OCC added that these branches and offices “should make every effort to reopen as quickly as
See Original Article

Fannie Mae is starting to relocate staff in the Dallas area into a new office and the government-sponsored enterprise will soon move its Washington, D.C., headquarters. Fannie's move to consolidate more than 1,500 Dallas area employees and some of its technological resources into a new office facility
See Original Article

President Donald Trump tweeted Friday that the government may increase planned fines against Wells Fargo & Co., the bank that's been embroiled in multiple scandals since last year. “Fines and penalties against Wells Fargo bank for their bad acts against their customers and others will not be dropped
See Original Article

The “Shark Experience” will be previewed at the PGA Show in January and will start rolling out at select courses across the U.S. Eventually, the connected golf carts will be on 6,700 golf courses throughout the U.S., Norman, who is CEO and Chairman of the Greg Norman Company, told Fortune.
See Original Article

Bayer AG is set to get a so-called statement of objections cataloging potential reasons for the European Union's antitrust regulator to block its proposed $66 billion takeover of Monsanto Co. as soon as next week, according to two people familiar with the probe. A precise list of objections may aid the
See Original Article

Among the complications in trading bitcoin future contracts that launch this Sunday: People speculating on the cryptocurrency will need to put more cash on the table. Options Clearing Corp. has set the initial margin requirements at 44 percent of the daily settlement price. Cboe Global Market Inc., which
See Original Article

The U.S. labor market has moved past a couple months of hurricane disruptions and returned to its regularly scheduled programming: solid hiring but tepid wage gains that suggest things aren't as tight as the unemployment rate suggests. Payrolls rose 228,000 in November, above the median
See Original Article

Sitting on a big gain after cashing out some bitcoin? Don't forget the tax man! That's the advice from two of the largest U.S. tax-preparation services, which are taking action to help clients — and potential clients — understand the implications of owning bitcoins and other crypto assets. Bitcoin surpassed
See Original Article

“The post-closing function is important in today's mortgage lending environment, and this move will enhance the breadth of our post-closing … Once the sale is complete in 1Q18, Bank of America's lien release business and its employees will become part of First American's Mortgage Solutions division.
See Original Article

Force India Chairman Vijay Mallya is seen during qualifying for the Hungarian Formula One Grand Prix at the Hungaroring on July 28, 2012 in Budapest, Hungary. Mark Thompson—Getty Images. By Bloomberg. 1:49 PM EST. Vijay Mallya is becoming something of a fixture in London courts.
See Original Article

In Tanzania, where only 34 percent of women have bank accounts – compared with 45 percent of men – these students are making a difference. Despite a narrowing of the gender financing gap in recent years, helped along by the rise of mobile banking, Tanzanian women continue to face structural,
See Original Article

A key site on the northeast Perimeter, bypassed by development for decades, is facing another roadblock. Owners of a 15-story condo tower at Spaghetti Junction now being eyed for a big residential project have filed bankruptcy in an attempt to sabotage the redevelopment, according to court filings.
See Original Article

… Strong responses to questions in the National Housing Survey (NHS) to questions about whether it was a good time to buy a home and expectations for … unchanged at 14 percent, and the net who expect mortgage rates to go down over the next 12 months which fell 5 points to a negative 51 percent.
See Original Article

Mortgage Loan Officer (Work at Home). Location North Carolina Job ID/ Req. Number1711999 Category Mortgage Loan Officer Full/Part Time Regular/Temporary 1st Shift. Description. As an employee of Citizens Bank you become a part of an organization committed to serving customers, colleagues
See Original Article

Condo prices rose 21.6 percent in November from a year earlier in the Toronto region, according to the Toronto Real Estate Board's Home Price Index, far outstripping the 4 percent rise in detached home prices. In Vancouver, condo prices are up 23.9 percent in the same period, compared to a 6.1
See Original Article

Electronic Arts (ea, -0.22%) had big hopes for Star Wars Battlefront II, and many analysts expected it would be one of the year's top games this summer. But when players got a taste of the game's monetization strategy, which encouraged them to pay extra for the process of unlocking certain heroes in the
See Original Article

Sweden's Riksbank governor and head of global regulators at the Basel Committee Stefan Ingves thinks investing in Bitcoin is a “dangerous” activity, owing to the digital currency's high volatility and the lack of backing from regulators and central banks. Proponents of cryptocurrencies see them as the
See Original Article

YouTube's crackdown on inappropriate material is inadvertently depriving some creators of as much as 80 percent of their monthly sales, a blow to the very people who helped make the site the most popular place to watch video online. The swift drop in revenue, a side effect of YouTube's attempt to
See Original Article

… the financial news over an investment?; and 3) Does watching financial news make you worry about your future? “If you answer yes to even one of those questions, you probably have taken on too much risk,” says Merriman. This essay appears in today's edition of the Fortune Brainstorm Health Daily.
See Original Article