Monthly Archives: March 2012

BRIEF-HSBC to exit consumer finance business in Canada

mprehensive review and assessment * To exit consumer finance business in Canada * Announced that it is winding down its consumer finance business * Says there will be no impact on cos medium-term notes, which will be paid on their … Continue reading

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Consumer Finance Protection Bureau taking complaints about checking, savings …

Having already tackled disputes over credit cards and mortgages, the US Consumer Finance Protection Bureau is now taking complaints about even more basic financial products — checking and savings accounts and CDs. The new agency announced Thursday it would start … Continue reading

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TCF Bank Expands Commercial Banking Business

WAYZATA, Minn., Mar 19, 2012 (BUSINESS WIRE) – TCF National Bank (“TCF Bank”) announced today the creation of a new commercial banking division called TCF Capital Funding. TCF Capital Funding, headquartered in Burr Ridge, Illinois, will specialize in asset-based and … Continue reading

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New iPad vs. iPad 2 in a screen-to-screen drop test

We all know whos going to win in an iPad versus iPad 2 drop test — gravity, of course. But which generation holds up better in a face-to-sidewalk meeting? With a stack of iPads old and new, the good folks … Continue reading

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Santander Consumer Bank To Buy 20% Of Bank Of Beijing’s Unit

SHANGHAI Midsize Chinese lender Bank of Beijing Co. (601169.SH) said Wednesday that Santander Consumer Bank AG, a unit of Banco Santander SA (STD), will buy a 20% stake in its consumer finance unit. Santander Consumer Bank will pay CNY306 million … Continue reading

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Do You Need AppleCare+ For Your New iPad?

The iPad was a great value even before the new model appeared, and before Apple dropped the price $100 on the existing iPad 2. But a perennial question with buying oneand, for that matter, any major Apple productis whether to … Continue reading

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TEXT-S&P rates Sierra Timeshare 2012-1 Receivables Funding

March 21 – OVERVIEW — Sierra Timeshare 2012-1 Receivables Funding LLCs issuance is an ABS securitization backed by vacation ownership interval (timeshare) loans. — We assigned our ratings to the class A and B notes. — The ratings reflect our … Continue reading

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Debt Trouble Warning Signs

WASHINGTON – Its easy to get a little bit behind on the bills or to dip into the savings account when money gets tight. But if you arent careful, those little habits could tilt you toward a personal debt crisis. … Continue reading

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Why e-deals are replacing paper — and why not

Andrea Forteleoni, finance director at Bill Seidle Nissan in Miami, can tick off several reasons why he likes paperless sales contracts. But he cuts quickly to the bottom line: He gets paid by the bank in a few hours, and … Continue reading

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Core Innovation Capital Closes $45 Million Fund

NEW YORK, Mar 21, 2012 (BUSINESS WIRE) – Core Innovation Capital I, L.P., a venture capital firm created by the Center for Financial Services Innovation (CFSI), has closed its $45 million private equity fund that invests in companies committed to … Continue reading

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