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Tuesday, June 25, 2013

Reuters Money: P2P lending pulls in big investors - should you bite?

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06/25/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
P2P lending pulls in big investors - should you bite?
NEW YORK (Reuters) - Less than a decade ago, peer-to-peer lending came to the United States as an upstart enterprise - a service that would in a very personal way link would-be borrowers with individual lenders and bypass the banking industry.
Supreme Court's arbitration ruling puts consumers on notice
(Reuters) - Just about anyone who has a credit card, bank account or a relationship with a financial services company is likely to have agreed to settle a dispute through arbitration and forfeit the right to sue.
Column: Bond moves to make as U.S. Fed fires warning shot on rates
CHICAGO (Reuters) - Now that the U.S. Federal Reserve has announced it might wind down its stimulus program, and as rates rise, it's critical to adjust your portfolio.
Akre Fund focuses on value as market declines
(Reuters) - Chuck Akre is trying to make the most of the suddenly scary stock market.
Ex-banker faces off against China bears with hedge fund
HONG KONG (Reuters) - Paul Conway's eventful career in China included advising companies on stock offerings and overseeing a messy business restructuring -- the latter stint forcing him to hire a bodyguard to fend off harassment from local thugs.
Ex-Bank of America trader launches credit hedge fund: source
LONDON (Reuters) - Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets.
Column: Dear entrepreneur, we are canceling your health insurance
NEW YORK (Reuters) - As President Obama's health care overhaul begins to change how Americans get their health insurance, the nearly 22 million people who are self-employed will see some of the most dramatic changes, with perhaps half of them headed for the new health exchanges in the fall.
Exclusive: Cantor Fitzgerald to start wealth management business
NEW YORK (Reuters) - New York firm Cantor Fitzgerald, which is branching out from its core business of electronically trading bonds with other brokers, plans to start managing assets for wealthy individuals around the end of the year, a company spokeswoman confirmed.
Investors poured $4.8 billion into stock funds ahead of Fed
NEW YORK (Reuters) - Investors worldwide poured $4.8 billion into stock funds in the latest week, reversing the prior week's outflows, on expectations that the U.S. Federal Reserve would keep its bond-buying steady, data from EPFR Global showed on Friday.
Picking a donor-advised fund provider
(Reuters) - Charitably-inclined clients can give to their favorite causes and reap big tax benefits if they are introduced to the world of donor-advised funds. And advisers who make that introduction - and help their clients decide where and how to set up their funds - will broaden their appeal to clients.
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