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  1. Generation X: the biggest contributors to near-record national debt on credit cardsTue, 28 Apr 2015 06:58:38 GMT
    They owe the biggest amounts on credit cards, but Australians aged 35 to 54 are the least likely to pay off their balance in full each month, new research shows. Generation X has been pinpointed as the biggest contributors to the near-record national debt on credit cards, which according to Reserve Bank of Australia data, hit $51 billion in February. More...
  2. Wells Fargo unveils first national ads featuring same-sex coupleTue, 28 Apr 2015 05:58:44 GMT
    The San Francisco-based bank and its rivals have featured same-sex couples in advertising targeted to the LGBT community in recent years. But members of the LGBT community have been eager to see more companies feature them and their families in broader advertising efforts, portraying LGBT people as simply another dimension of the modern-day family. More...
  3. Biz Break: Apple plans to return even more cash to investorsTue, 28 Apr 2015 01:49:09 GMT
    Today: After leading Silicon Valley to two straight years of record stock buybacks and dividends, Apple increases its plans for investor return by more than 50 percent and sees shares rise to record highs. Also: Applied Materials calls off massive merger, stock plummets. More...
  4. US citizen wants pardon, compensation in Dubai video caseMon, 27 Apr 2015 21:44:31 GMT
    MINNEAPOLIS: An American who spent nine months in a United Arab Emirates prison for his role in an online parody video is seeking a pardon and financial compensation. Shezanne Cassim, 30, of Woodbury, told The Associated Press Thursday that he has faced difficulty getting a job in the United States because he now has a criminal record. More...
  5. Europe shares bounce backMon, 27 Apr 2015 17:44:53 GMT
    European shares reversed earlier losses and posted gains during midday trading on Monday, with persistent concerns about Greece's debt situation offset by optimism that a reshuffled Greek negotiating team would help matters. Greece looks set to run out of cash in the coming weeks, with fruitless debt relief talks between euro zone finance ministers on Friday serving to highlight the gulf between Athens and its creditors. More...
  6. "Smaller and simpler" mantra rings through banking boardroomsMon, 27 Apr 2015 13:35:21 GMT
    Deutsche Bank's plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive. The benefits of size and reach, for years considered the holy grail of global banking, are now viewed as being outweighed by the cost and complexity of running businesses across dozens of countries. More...
  7. Home equity line of credit popular for renosMon, 27 Apr 2015 09:25:46 GMT
    Tony Tintinalli of the Bank of Montreal says it starts with examining the scope of your home renovation project, the budget and the required contingency fund. "The most cost-effective way, if you're going to borrow, is to use equity in your house," said Tintinalli, BMO's regional vice-president of personal banking. More...
  8. HSBC Jumps Most Since '11 After Retail Spinoff Plan ReportedMon, 27 Apr 2015 07:21:00 GMT
    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Douglas Flint, chairman of HSBC Holdings Plc, said Friday that the lender would consider moving from the U.K., where a bank levy cost the firm 750 million pounds last year, more than any other lender. More...
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