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Added on the 26/02/2015 13:19:01 - Copyright : Euronews EN
Happy Saturday! Big bank earnings season was in full swing this week. From top execs laying out the rationale behind dealmaking to shedding some light on their plans for the future of the physical office, here are some of this quarter's highlights: Morgan Stanley's CEO explains why the bank's $7 billion bid for Eaton Vance makes sense even with such a high price tag: 'I'm not ashamed to say it's fully priced' JPMorgan and BlackRock are both looking to do M&A.
Chileans line up outside the former National Congress to pay their respects to former president Sebastian Pinera, whose funeral is scheduled for February 9. The 74-year-old billionaire served two non-consecutive terms in office, leaving his final mandate in 2022. IMAGES COMPLETE VIDI34HW93Y_EN
Paris, March 29 (EFE / EPA) .- (Camera: Ian Langsdon / Mohammed Badra) Paris, March 29 (EFE / EPA) .- (Camera: Ian Langsdon / Mohammed Badra) .- A French court on Monday sentenced the Servier pharmaceutical company to pay 2.7 million euros in penalties for involuntary homicide for its 'Mediator' medication. The weight loss and diabetes drug is believed to be responsible for the deaths of up to 2000 people. FOOTAGE OF THE COURT OF PARIS.
Biden has extended federal student loan forbearance through September 30 by executive order. The forbearance was put in place by the CARES Act in March 2020. It has since been extended several times, according to Business Insider. Federal student loan payments will remain paused through September 30, with interest rates at 0%. This puts millions of Americans at ease as the economy continues to suffer due to the virus.
NBC News reports that the FBI is probing whether foreign actors provided funding any of the Capitol Hill riot groups. According to a report by Bitcoin experts last week, $500,000 was transferred to US far-right groups and individuals. Business Insider reports the bitcoin was transferred by a now deceased French national about a month ahead of the riots.
Especially in uncertain times like these, the dream of owning one's home free and clear is an enticing one. On the other hand, isn't saving for retirement, or college funds more important? According to Business Insider, if you have the opportunity to pay off your mortgage early, the deciding factor comes down to just one thing: interest rates. If the rate on your mortgage is higher than the rate you'd earn by investing cash in the stock market, pay down the debt first. But before you do that, run the numbers to see if refinancing your mortgage would make sense. If so, you can apply the freed-up cash towards your high-interest debt. Once that's cleared up, pay off the mortgage!