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Banking News

Ex-Lehman boss says US government could have saved firm
The former chief of Lehman Brothers, Richard S. Fuld Jr, has told a panel investigating the financial crisis that the large Wall Street firm could have been helped to stay afloat by the US government....
Wrestler Sushil Kumar unveils merchandise for CWG
Wrestler Sushil Kumar unveiled an exclusive range of apparel and promotional merchandise for the 2010 Commonwealth Games here on Thursday....
Dengue scare adds to CWG woes
With over 1,000 suspected dengue cases being reported in New Delhi, the outbreak of the disease has added to the woes of the Commonwealth Games Organising Committee, which is already struggling against the backdrop of constructional delays and missed deadlines....
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Financial News

The World's Billionaires
Carlos Slim Helu takes the No. 1 spot on Forbes' annual list of the world's richest as a record 164 billionaires return to the ranking amid the global economic recovery.


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Colleges That Will Make You Rich
These schools do the best job raising their students above expectations.


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Thailand's 40 Richest
Their net worth is over $36 billion. With a fortune of $7 billion, conglomerateur Dhanin Chearavanont is the new No. 1.


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Mortgage Rates News

Credit Agencies Sued Over Bankrupt Account Reporting
A lawsuit was filed Virginia on behalf of 47 Virginia plaintiffs who said their credit reports contain inaccurate information.

All of the plaintiffs have filed for bankruptcy.

But their credit reports contain records of debt that still appear active even though it has been discharged....
Over 1,000 Layoffs as Servicer Offices Close
The acquisition of HomeEq Servicing by Ocwen Financial Services has completed.

Ocwen said that it plans to close a facility in Raleigh, N.C., and eliminate 242 jobs.

Around 900 California employees are being laid off later this year as the company's facility in that state closes.<...
Bank Performance Improves
On overall bank loan assets, delinquency of at least 90 days fell 4.8 percent, according to the Quarterly Banking Profile from the Federal Deposit Insurance Corp.

It was the first quarterly decline since the beginning of 2006.

Quarterly earnings for the sector were $21.6 billion.

Banks lost $4.4 billion in the same period last year....
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