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Financial and Business Services

A collection of news and information related to Financial and Business Services published by this site and its partners.

Top Financial and Business Services Articles see all

Displaying items 1-5
  • A tax break worth saving

    A tax break worth saving
    With lawmakers showing little enthusiasm for an ambitious proposal by House Ways and Means Committee Chairman Dave Camp (R-Mich.) to overhaul the byzantine U.S. tax code, Congress has to decide what to do about dozens of temporary tax breaks that expired Dec. 31. Among them is an exemption for forgiven mortgage debt that's an essential part of a broader federal effort to solve a nagging problem, namely the spate of defaults caused by the recession. Failing to renew it would cripple efforts by government and banks to mitigate the damage caused by the housing crisis.
  • TIAA-CREF buying Nuveen for $6.25 billion

    Financial services provider TIAA-CREF says it's buying investment manager Nuveen Investments in a deal valued at $6.25 billion including debt. Nuveen has about $221 billion in assets under management, bringing TIAA-CREF's total to about $800 billion....

    Renewal of federal tax breaks for homeowners facing bumpy road

    Renewal of federal tax breaks for homeowners facing bumpy road
    WASHINGTON — Renewal of important expired federal tax benefits for homeowners took a major step forward recently, but the route to final congressional approval is beginning to look longer — and potentially bumpier — than previously...

    Wells Fargo first quarter profit jumps 14%, beating expectations

    Wells Fargo first quarter profit jumps 14%, beating expectations
    California's banking giant, Wells Fargo & Co., reported 14% higher first quarter earnings, powering well beyond Wall Street's expectations as declining loan losses and operating cost cuts offset the slowdown in mortgages at America's largest home lender. ...

    Regulators act to require stronger bank capital

    Regulators act to require stronger bank capital
    WASHINGTON — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown. The eight biggest banks will have to meet stricter measures for holding capital...