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The daily business briefing: October 4, 2023
The Week via Yahoo News· 8 months agoHelp wanted sign. 1. Interest rates hit 16-year high Long-term interest rates surged Tuesday to the highest level since the subprime mortgage crisis of...
UBS pays $1.43 billion to settle US mortgage claims as industry-wide probe concludes
Reuters via Yahoo News· 9 months agoUBS agreed to pay $1.435 billion to settle U.S. charges that the Swiss lender misled investors into...
Beset by federal lawsuit, Kansas City home lender exits the business after 71 years
Kansas City Star McClatchy Articles via AOL· 2 years agoKansas City-based James B. Nutter & Co., one of the nation’s largest private mortgage lenders that...
Black Americans still face challenges chasing homeownership
Yahoo Money· 1 year agoFor Mel Ligon and his wife, remnants of the 2008 housing crisis kept them from realizing major...
UBS—the final bank prosecuted for its role in the 2008 global financial crisis—is paying $1.4...
Fortune via Yahoo Finance· 9 months agoSwiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud...
Credit Suisse wins mortgage securities case in London
Reuters via Yahoo Finance· 7 months agoLONDON (Reuters) -Credit Suisse saw off a case brought against the bank over $100 million of notes...
‘Big Short’ investor Michael Burry blasts ‘f—ing obscene’ raid on Trump, but FBI historian explains...
Fortune via Yahoo Finance· 2 years agoWhen the FBI searched Donald Trump’s Florida home Monday evening, the former president called the...
How race impacts credit: the history and effect on lending practices
Bankrate via Yahoo Finance· 9 months agoKey takeaways Lending discrimination is not new, but policies like the Equal Credit Opportunity Act...
Blocked by Wall Street: How homebuyers are being outbid in droves by investors
USA TODAY via Yahoo Finance· 8 months agoThis is the first in a series investigating the impact on Indianapolis homeowners and renters of...
A timeline of the Silicon Valley Bank collapse
ABC News via Yahoo News· 1 year agoSilicon Valley Bank, a regional lender with $210 billion in assets, served the tech industry for 40 years. Two days after that came the fall of Signature...
