Monthly Archives: October 2014

U.S. Regulators Drop Down Payment Requirement

On Tuesday, federal regulators agreed to drop the requirement that force borrowers to make a 20% down payment in order to get a high-quality mortgage. This tight standard was originally proposed to limit credit. However, this rule is being dropped … Continue reading

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Too Much to Handle: European Banks Fail Enhanced Stress Test

The European Central Bank and the European Banking Authority announced the results of a nearly yearlong assessment of the finances of 150 banks. 25 banks failed the stress test and 14 banks barely passed the test requiring these banks to … Continue reading

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Apple Transitions into Financial Service Industry

Earlier this week, Apple launched a new payment service called Apple Pay. Apple Pay is Apple’s transition into the financial service industry. It will enable shoppers to pay using its software in 220, 000 stores or inside applications using their … Continue reading

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IBM Reports Poor Earnings

IBM reported its third quarter earnings early Monday morning. Earnings were down 3% from the previous year to $22.4 Billion. Its earning failed to meet analyst expectations of $23.4 Billion, resulting in its 10 straight quarter of falling revenues. Shares … Continue reading

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Argentina Sells Dollar Linked Notes

Argentina sold nearly $983 million in US-dollar linked bonds to local investors. Argentina remains unable to access the global markets for credit due to its latest default in July, where it was unable to meet its debt obligations. The two … Continue reading

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Jynwell Capital Offers to Buy Reebok

Jynwell Capital, the investment arm of the billionaire Low family of Asia, placed an offer of 1.7 billion euros (about $2.2 billion) for Reebok, from Adidas AG on Monday, October 20th 2014. Adidas acquired Reebok in 2005, but has recently … Continue reading

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Volatility index is lowered, but remains high

This week the CBOE Volatility Index settled down after reaching highs near 30 last week, it settled in at 16.11 as of Friday’s closing. The index is still high, however, due to many uncertainties across the globe. Ebola has created … Continue reading

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