Wall Street slips as traders await rate moves
NEW YORK AP Wall Street prices declined slightly today as investors waited for any indication of a move in interest rates. The Dow Jones average fell 2.97 to 830.26 amid a 10.11 million share NYSE total. brokers cited a period of waiting ahead of bank loan and rate data, with some easing in short-term rates offering cautious optimism for potential future relief.
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New York
Wall Street
New York Stock Exchange
Eldon Grimm
Birr, Wilson & Co
Federal Reserve Bank of New York
Federal National Mort
Rage Association
Are Bank Patrons Guilty of Usury in California
In California, state law limits interest to banks and authorized lenders. Some banks offer certificates of deposit with 10 percent or higher, paid to customers with deposits over 100000, prompting concerns that customers may be charging the banks more than allowed. The California superintendent of banks and a senior bank official acknowledge the issue and potential violations.
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Los Angeles
UPL
California
Donald B. Pearson
Morday
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