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  • Federal authority files lawsuit against Quicken Loans for improprieties

    Financial Services Industry News.Net

    WASHINGTON The US Department of Justice (DOJ) has sued Detroit based Quicken Loans Inc, one of the largest mortgage lenders, for knowingly submitting claims for hundreds of improperly underwritten ...

  • Regulators slap Deutsche Bank with $2.5 bn penalty for Libor rate rigging

    Financial Services Industry News.Net

    FRANKFURT, Germany - Deutsche Bank has agreed to pay $2.5 billion to New York, US and British regulators to settle charges of manipulating for years benchmark interest rates known as Libor, officials ...

  • Republicans Spar Over Survival of Export Agency

    Financial Services Industry News.Net

    WASHINGTON - Conservative Republicans are squabbling with other parts of the party over the fate of the U.S. Export-Import Bank [Ex-Im]. Supporters say the Ex-Im helps U.S. businesses finance ...

  • Data Servers Could Heat Private Homes

    Financial Services Industry News.Net

    As every computer owner knows, when their machines run a complex program they get pretty hot. In fact, cooling the processors can be expensive, especially when you're dealing with huge banks of ...

  • Ex-US Treasury Secretary Pollution Reforms Key to Chinas Growth

    Financial Services Industry News.Net

    WASHINGTON - Controlling pollution and a stable urbanization plan are two of the biggest issues facing China's economy, according to former U.S. Treasury Secretary Hank Paulson. China, with the ...

  • Does US Need a Free-Trade Deal with Europe

    Financial Services Industry News.Net

    Free-trade supporters say the U.S. must act quickly to regain its share of global investment. Unfortunately, it has a lot of catching up to do, said Nancy McLernan, president of the Organization for ...

  • Laos Looks to Balance Chinas Growing Economic Influence

    Financial Services Industry News.Net

    BANGKOK - China's growing influence in Laos, marked by expanded investment and trade, has led some international agencies to warn Laos about an unhealthy financial dependence on China. Analysts ...

  • Human traffickers now on Facebook

    Financial Services Industry News.Net

    Businesses are increasingly using social media -- even the illegal ones. Now, even smugglers have taken to the Facebook to woo their clients. The human smugglers are offering desperate migrants ...

  • Capital gains tax corporate results trouble Indian equities

    Financial Services Industry News.Net

    The capital gains tax claims on foreign funds with retrospective effect and worries over similar notices ahead hit the marked mood during the week ended Friday, sending a key index down to its lowest ...

  • Jaitley holds meet to recast new tax return forms

    Financial Services Industry News.Net

    Finance Minister on Friday met key industry representatives for their inputs on modifying the norms and the forms for filing returns but gave no assurances on when the exercise will be ...

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  • Serious fraud investigators probing 139 cases Jaitley

    Financial Services Industry News.Net

    As many as 139 cases were being investigated by the government's Serious Fraud Investigation Office (SFIO) in last three years until April 20, Finance and Corporate Affairs Minister Arun Jaitley said ...

  • States reluctant to transfer power to panchayats minister

    Financial Services Industry News.Net

    Many states are reluctant to transfer powers to Panchayati Raj bodies though the Constitution has granted provisions for the same, Rural Development Minister Birender Singh said on Friday. It is the ...

  • Walmart has aggressive plans for India

    Financial Services Industry News.Net

    Walmart has aggressive plans for India with major investment in key areas such as sourcing, farmer training, education and women economic empowerment, its global chief executive David Cheesewright ...

  • Centre stands behind storm-hit Bihar says Rajnath Singh

    Financial Services Industry News.Net

    Union Home Minister Rajnath Singh on Friday said the Centre was standing behind storm-hit Bihar in the time of crisis, as the toll in Tuesday's killer Nor'wester mounted to 55 on Friday with 100 ...

  • RS passes private members bill on transgenders A first in 45 years

    Financial Services Industry News.Net

    For the first time in 45 years, the Rajya Sabha on Friday unanimously passed a private member's bill to accolrd equal rights on transgenders. "It is a unanimous decision of the house... This is a ...

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