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13 charged in $19 million Oregon bank fraud case

13 charged in $19 million Oregon bank fraud case

A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a Central Oregon development company. Acting U.S. Attorney Kent Robinson said Friday the actions of the defendants caused financial institutions to lose $19 million.

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Volkswagen board moves closer to Porsche merger

Volkswagen board moves closer to Porsche merger

German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal. Read more »

To lower interest rates, Citi customers must spend

To lower interest rates, Citi customers must spend

For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement. Those who meet the spending minimum - in some cases $750 a month - will be able to get a rebate on their total interest charges for that month. Read more »

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