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Tag Archives: finance

Regulators went undercover to gather evidence against BancorpSouth

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By TED CARTER Banking experts see the U.S. Consumer Financial Protection Bureau’s $10.6 million settlement with Tupelo’s BancorpSouth over alleged redlining as a sign financial services companies nationwide can expect the Bureau to more frequently use federal lending and housing laws to fight racial discrimination. That fight is also likely to include more use of undercover operatives such as the “mystery ...

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Global stocks rise as central banks counter UK turmoil

stocks

Global stocks mostly rose Friday as authorities stepped in to ease the uncertainty surrounding the British vote to leave the European Union. Investors flocked to equities in the face of narrowing choices for investments amid low or negative interest rates on many bonds. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent at 6,537 and Germany’s DAX added 0.3 percent ...

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US stock indexes drift higher in early trading

A board above the trading floor of the New York Stock Exchange.

U.S. stock indexes drifted between small gains and losses in early trading Thursday as investors weighed the latest batch of company earnings news. The market was coming off a two-day rally as investors’ anxiety about Britain’s vote last week to leave the European Union eased. Consumer and industrial companies were among the biggest risers. KEEPING SCORE: The Dow Jones industrial ...

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Regulators fine BancorpSouth $10.6 million for redlining

bancorpsouth

The Department of Justice and the Consumer Financial Protection Bureau fined Mississippi-based BancorpSouth $10.6 million, alleging the bank deliberately discriminated against minorities in its lending practices. BancorpSouth, a medium-sized regional bank with $10.6 billion in assets, deliberately avoided building branches in minority neighborhoods in Memphis from at least 2011 to 2013. The bank also denied loans to African-Americans and other ...

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BREAKING: World stocks up as worries ease over Britain’s EU leave vote

stocks

Global stocks rose sharply Wednesday as worries eased about the uncertainty that follows Britain’s vote to leave the European Union. The British pound also rose as talks got underway among European leaders on how to handle the situation. Britain’s benchmark stock index, the FTSE 100, was up 2.6 percent to 6,298. It has not suffered much because many of its ...

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BILL CRAWFORD: Without a Creator can men be created equal?

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Next week we celebrate our founding fathers’ 1776 decision to declare independence from England. In so doing they laid down the principles that would guide the new nation. Their Declaration of Independence began: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these ...

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Perfecting the art of executive relocating

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By LISA MONTI Years ago, it wasn’t uncommon for a large corporation to buy the house of a top executive who was being moved to a new location and pay the moving expenses. Those generous relocation packages aren’t as prevalent as they used to be but some real estate companies are seeing an increase in relocation services. Broker Jeff Martella with ...

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Houston voters approve tourism tax

taxes

Houston voters have approved a tourism tax by a roughly 50-vote margin. The Northeast Mississippi Daily Journal reports voters cast 435 ballots Tuesday for the proposed 2 percent tax and 196 voted against it for a 68.93 percent margin for the measure. The revenue referendum needed 60 percent approval to pass. This was Houston’s second attempt to pass the tax ...

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US stocks rise as investors watch Britain and Yellen

stocks

U.S. stocks are rising Tuesday afternoon as investors were pleased with Federal Reserve Chair Janet Yellen’s testimony before Congress. Energy, technology and phone and energy companies gained. The market was bouncing back from a slump that lasted more than a week. KEEPING SCORE: The Dow Jones industrial average picked up 54 points, or 0.3 percent, to 17,858 as of 3:35 ...

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