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Exclusive Rbs Lawyers Ask Ex-staffer To Destroy Documents Doj Informed

LONDON – Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which...

Industrial Production Rises Strongly Homebuilding Tumbles

WASHINGTON – U.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy...

Peace Talks Ignite Land Buying Frenzy Along South Koreas Fortified Border

SEOUL – Forget Seoul’s posh Gangnam district. With North Korea pledging to reduce tensions and renew ties with its southern neighbor, South Korea’s...

Rbs Reaches 49 Billion Deal To Settle Us Mortgage Bond Investigation

WASHINGTON/BOSTON/LONDON – Royal Bank of Scotland (RBS.L) has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of...

Rbs Reaches 49 Billion Deal To Settle Us Mortgage Bond Probe

BOSTON/WASHINGTON – Royal Bank of Scotland Group Plc (RBS.L) said on Wednesday it had agreed to pay $4.9 billion to resolve a U.S. Department of Justice probe into...

Clayton Homes Mimics Buffett Approach As It Grows

OMAHA, Neb. – Warren Buffett’s manufactured housing unit Clayton Homes is borrowing the playbook of Berkshire Hathaway Inc’s (BRKa.N) longtime chairman...

Us Prosecutors Dealt Dual Setbacks In Mortgage Bond Fraud Crackdown

– U.S. prosecutors cracking down on deceptive mortgage bond trading practices on Thursday suffered dual losses as a federal appeals court overturned an...

Fed Leaves Interest Rates Unchanged Says Inflation Near Goal

WASHINGTON – The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central...

Fed Leaves Interest Rates Unchanged Says Inflation Near Target

WASHINGTON – The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central...

Us Mortgage Applications Fall As Loan Rates Hit Four And A Half Year Peak Mba

NEW YORK – U.S. mortgage applications fell last week as interest rates on some 30-year fixed-rate home loans reached their highest levels in more than 4-1/2 years,...