UPDATE 1-Germany demands clarity on risk reduction for banking union

UPDATE 1-Germany demands clarity on risk reduction for banking union

BERLIN, Jan 17 (Reuters) – Germany said on Wednesday that euro zone members should first agree on clear parameters for reducing risks in the banking sector before progress can be made toward completing a banking union through a deposit insurance scheme in the currency bloc. Reforming the
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At $250 Million, T. Boone Pickens' Ranch Is the Most Expensive Real Estate in America

There is an industrial kitchen and six guest suites, including one where Nancy Reagan once stayed. The property spans over 100 miles and is known as the Mesa Vista Ranch, which combines homes and lodges, as well as a chapel to host weddings. Pickens even had a private residence on the estate,
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New year, new bank account?

As we get used to being in 2018, it may be the perfect time to make a few financial changes. To maximise what you get out of your everyday banking, you could consider changing your current account. Now, you may have seen some ads recently boasting incentives for switching your current account in
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RM Secured Direct Lending continuing to grow & diversify after busy quarter

RM Secured Direct Lending PLC's (LON:RDML) James Robson tells Proactive the portfolio has grown to 24 debt investments across 13 sectors. Robson adds three-quarters of the portfolio is in higher-yielding private bi-lateral or private club investments with the remainder in more liquid public debt
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RHS economics class welcomes banking expert Jeremy Balkin

Jeremy Balkin, head of innovation at HSBC USA, addressed Theresa Fischer's economics class at Ridgefield High School on Nov. 29. Researching him before he came to speak, the class discovered that Balkin is an international thought leader specializing in banking, millennials within finance, and
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Bank Zero: 5 Things You Need To Know About New App-Only Bank

In a statement following the announcement, Jordaan said: “Facebook, WhatsApp, Twitter and Instagram are the new normal for societies. Why shouldn't banks also innovate in this era of wider connectedness, while still ensuring a robust banking value proposition? Bank Zero is addressing these realities
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2018 Economic Forecast: Banking & Finance

Sarah A. Long, president of the Delaware Bankers Association, said the big issues for her members at the year's start are taxes, regulatory relief, fintech solutions and cybersecurity. Fintech solutions are high on most banks' to-do lists because younger bank customers seek out institutions that make
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Floyd Mayweather Plans for Life Outside of the Boxing Ring

Fortune spoke with Mayweather in Las Vegas. In an interview at the unveiling of Mayweather Boxing + Fitness, Mayweather discussed his post-retirement plans, the people who inspired his business dealings, and why he's not afraid to be hated by people. An edited transcript of that conversation follows.
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RBC raises prime lending rate to 3.45% in wake of Bank of Canada hike

TORONTO —The Royal Bank of Canada is raising its prime lending rate by a quarter of a percentage point in the wake of the Bank of Canada's decision to raise its key interest rate target. The increase raises RBC's rate to 3.45 per cent, effective Thursday. Changes in the prime rate affect variable-rate
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Bank of Canada raises key interest rate to 1.25% despite NAFTA worries

The Bank of Canada raised its key lending rate by a quarter percentage point to 1.25 per cent Wednesday, the third time it has moved its benchmark rate from once-record lows last summer. The bank's rate has an impact on rates that Canadians get from retail banks for things like mortgages, savings
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Real Estate: 2018 housing outlook, top 5 trends

The scam works like this — hackers send a fake email representing themselves as the buyer's real-estate agent or title company with new money-wiring procedures. Unknowingly, the homebuyer wires funds to a fraudulent account, losing thousands or even hundreds of thousands of dollars. In 2016, the
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How to Get Back on Track After Being Rejected for a Mortgage Loan

“I regularly see people apply for a loan when they're not prepared,” says Jeff McGrath, a mortgage loan originator at Crown Mortgage Company, in Oak Lawn, Il., that specializes in approving loans rejected elsewhere. Often this starts when the loan officer “over promises,” McGrath says. “Loan officers do
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CFPB to Reconsider or Repeal Auto Title Lending Rule

New leadership at the Consumer Financial Protection Bureau is reversing course on the payday lending rule passed in October under the previous Democratic leadership, the regulator announced Tuesday. The CFPB, led by Interim Director Mick Mulvaney, plans to reopen the rule for a comment and
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Record Number of HERS Rated Homes in 2017

Last year, 227,840 homes were HERS rated and issued a HERS Index Score, a 10 percent increase from 2016. The average HERS Index Score in 2017 was 62, which 38 percent more efficient than a home built as recently as 2006. Texas had the greatest number of homes receiving a HERS Index
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Malauzai's Monkey Insights Analyzes General Digital Banking Usage for All of 2017

AUSTIN, Texas–(BUSINESS WIRE)–Malauzai Software, a provider of Mobile and Internet solutions for community financial institutions, released its January 2018 Monkey Insights that highlights key trends in internet and mobile banking usage based on December 2017 data for 400+ banks & credit
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Entegra Financial Corp. Hires Director of SBA Lending

His 30 year career has included extensive experience building and growing SBA lending teams which were spread over multiple states. … Plemens, President and Chief Executive Officer, commented, “We are excited to add John to our team and look forward to expanding our SBA lending opportunities.
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KBRA Assigns Preliminary Ratings to Galton Funding Mortgage Trust 2018-1 (GFMT 2018-1)

The GFMT 2018-1 mortgage pool comprises 423 first-lien mortgage loans with an aggregate principal balance of $316,901,649, as of the cut-off date. The underlying collateral consists primarily of fixed-rate mortgages (90.5%), with the remainder of loans possessing adjustable rate terms (9.5%).
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Merger joins Moses Tucker and Newmark Grubb real estate firms

Moses Tucker Real Estate and Newmark Grubb Arkansas announced today the companies have merged to create Moses Tucker Partners. The merger makes the new company the second largest commercial brokerage and management firm in the state with 5.8 million square feet of commercial space
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Soldiers Committed Gang-Rapes in South Sudan's Capital, Group Says

Men in army uniforms sexually assaulted more than 150 women and children around South Sudan's capital last year, in some cases mutilating the victims, a group monitoring the four-year civil war said. There's “clear evidence” that such violence by government soldiers and security personnel is
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Imobiliare.ro: How the Romanian real estate market evolved in T4 2017

Throughout the year 2017, the price demands of residential real estate sellers in Romania, for both apartments and houses, maintained a growth trend. According to the trimestral market report published by Analize Imobiliare, a platform launched and supported by Imobiliare.ro, residential properties are,
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