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Combat Fraud June 2017

In order to combat fraudulent use of our name and letterhead and in order to safeguard our clients from scams attempts please be advised that any recipient of any communications allegedly sent from and by us on our letterhead or emails or even mail can always require whomever transmitted said document(s) to retransmit it using our proprietary I B S C communication device. Said communication device will allow recipient of a document to retrieve it from our website by inputting a time and case sensitive password along with his or her own ID. Our official communication will then appear and be available for download for a limited time period to ensure that there are no misuse. If you receive an alleged communication from us you can request whomever sent it to you to ask us to transmit a copy to you following above mode. Compliance Division 'United to combat fraud'

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Mortgage investors unfazed as Fed balance sheet plan looms (Fri, 14 Jul 2017 15:19:57 -0400)

NEW YORK (Reuters) - The Federal Reserve's plan for shrinking its massive balance sheet envisions a future with no holdings of mortgage bonds, a prospect that could present a significant headwind for...

Loan growth, better spreads fail to impress U.S. bank investors (Fri, 14 Jul 2017 14:53:17 -0400)

NEW YORK (Reuters) - U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts' quarterly profit expectations on Friday by...

JPMorgan posts higher profit; shares dip on net interest income view (Fri, 14 Jul 2017 12:45:50 -0400)

(Reuters) - JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates, but said net interest income for the year would be...

U.S. growth fund managers still bullish on Tesla after shares tumble (Fri, 14 Jul 2017 12:15:39 -0400)

NEW YORK (Reuters) - Growth fund managers who have long held shares in Tesla Inc said they were still confident in the electric car maker even after production problems sent the stock diving more...

High expenses cast cloud over Wells Fargo earnings beat (Fri, 14 Jul 2017 13:17:26 -0400)

(Reuters) - Analysts pressed Wells Fargo & Co executives about the bank's expenses on Friday after it failed to meet revenue expectations and indicated that costs may remain elevated in the near...

Pimco added U.S. Treasury securities this week: CIO Ivascyn (Fri, 14 Jul 2017 18:30:50 -0400)

NEW YORK (Reuters) - Bond firm Pacific Investment Management Co added longer-term U.S. Treasury securities to its portfolio this week and also sold some investments tied to volatility against the...

Cost-cutter Schwab plans first new ETF in nearly four years (Fri, 14 Jul 2017 17:22:16 -0400)

NEW YORK (Reuters) - Cost-cutting U.S. brokerage and asset manager Charles Schwab Corp is making plans to launch what could be its first new exchange-traded funds in nearly four years, a filing with...

Exclusive: Neoenergia seeks $11 billion valuation in Brazil, U.S. IPO, sources say (Fri, 14 Jul 2017 10:39:30 -0400)

SAO PAULO (Reuters) - Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, is working on a dual initial public offering in São Paulo...

How Republican reform would weaken Medicare (Thu, 13 Jul 2017 19:49:47 -0400)

CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)

Fed's Yellen prepared to act against Wells' board if appropriate (Thu, 13 Jul 2017 14:56:19 -0400)

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen said on Thursday the central bank was prepared to act against directors of Wells Fargo if an investigation deems it appropriate.

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