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...It was used for decades to underpin trillions of pounds of products around the world such as loans and mortgages....
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...This sounds to us like a stretch, and consumers who can’t afford the new mortgage rate or a car loan payment are not deciding based on theoretical changes in r-star....
...Crafting a classic personality from the greasy template of the Star Ferry must be deemed as victory of sorts....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
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...Citi says it serves 700 law firms and 50,000 lawyers in the US and Britain, providing services that include favourable mortgage rates....
Storm Uri drew law firms into fight to help prevent future bill shocks and failures in Texas
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...” wing, which offers services to members such as mortgages, financial advice and legal advice....
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...And the riskiest business to be in was subprime mortgage. So Citi ran right into it....
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