Finance


House Panel Votes to Overhaul Dodd-Frank

House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of…

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Ant Financial Is Considering Higher Offer for MoneyGram

Ant Financial said it’s considering whether to make a higher offer for U.S. money-transfer firm MoneyGram International Inc., after that company said an unsolicited takeover bid by a smaller, little-known…

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FBI Takes Aim at Binary Options Fraud

The FBI has given its highest priority to fighting binary options fraud, putting it above its “most wanted” list and “missing persons” alerts on the agency website. The agency now…

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Kahlon: Strong Shekel Not a Crisis

Finance Minister Moshe Kahlon sought to calm exporters at a conference of senior government officials and private sector leaders on Monday, after the shekel maintained strength against the dollar and…

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Poll: Chareidim Prefer Gemachs Over Banks

When a member of the chareidi community needs a loan, he is much more likely to approach family or friends, or a gemach – and not a bank, according to…

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The Lehman Moment Still Is With Us

Today [September 15, 2016] is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Senator…

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Finance Ministry Rattled by Low Growth Figures

In the light of data showing a slowdown in the Israeli economy, the Ministry of Finance is considering emergency measures to encourage growth that will enable the government to stay…

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Cuomo: Campaign Finance Reform Tops Priorities

Gov. Andrew Cuomo on Tuesday unveiled a new proposal to close a campaign finance loophole linked to Albany’s culture of corruption, naming it one of his top legislative priorities as…

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Gov’t to Guarantee Housing Program With NIS 500M

The state will guarantee its low-cost Price Resident program to the tune of over half a billion shekels, the Knesset Finance Committee said Monday. The money will provide guarantees to…

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