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Friday, June 13, 2014

Reuters Money: Inherited IRAs in play for bankruptcy creditors: U.S. high court

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06/13/2014
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Inherited IRAs in play for bankruptcy creditors: U.S. high court
(Reuters) - The U.S. Supreme Court on Thursday said inherited individual retirement accounts are not protected from creditors in bankruptcy, in a ruling that impacts one of the most popular ways to save for retirement.
U.S. securities watchdog optimistic on fraud intervention rule
(Reuters) - Wall Street's industry-funded watchdog is optimistic that its plan to let securities arbitrators immediately report frauds they learn about in the middle of a case will finally take effect.
Bond ETFs swell in size and risk as institutions pile in
(Reuters) - Institutional investors having trouble finding bonds for their portfolios from the usual suppliers are accepting a higher degree of risk and pumping billions of dollars into exchange-traded bond funds, boosting asset management firms such as BlackRock, Pimco and State Street.
U.S.-based stock funds attract $10 billion over week: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds committed $10 billion to stock funds in the week ended June 11 after adding $3.7 billion to the funds the prior week, data from Thomson Reuters' Lipper service showed on Thursday.
U.S. SEC's Stein calls for more stringent capital rules for brokers
WASHINGTON (Reuters) - A top U.S. securities regulator on Thursday called for her agency to beef up its capital requirements for brokerages, saying current rules fall short and do not protect markets if a large firm fails.
U.S. money funds held $39 billion BNP debt end-May: JPMorgan
NEW YORK (Reuters) - U.S. money market mutual funds held $39.1 billion in short-term debt from BNP Paribas at the end of May, at the time of reports that the French bank might face a $10 billion fine for evading U.S. sanctions against Iran and other countries, according to a JPMorgan report released on Thursday.
Retirement healthcare costs: Not as scary, but still daunting
CHICAGO (Reuters) - The remarkable recent lull in retirement healthcare inflation isn't fading - not yet, at least.
U.S. student loan refinancing bill fails Senate hurdle
WASHINGTON (Reuters) - Legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday, dooming a measure that was a Democratic priority ahead of November congressional elections.
Why it is so hard to figure out what you can spend today
NEW YORK (Reuters) - Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint.
GM recalls 511,528 Chevy Camaro because key bump can cause power loss
(Reuters) - General Motors Co said on Friday it will recall 511,528 Chevrolet Camaro cars, mainly in North America, because a driver's knee can bump the key fob and turn it out of the "run" position, causing a loss of power.
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