H&R Block Is Accused Of Fraud In Bond Sales

Article Abstract:

The National Association of Securities Dealers has accused H&R Block Financial Advisors of selling $16 million worth of Enron Corp. bonds without informing clients of the risks. Brokers were offered a higher than usual commission during the five-week period leading up to Enron's collapse.

Legal issues & crime, Marketing procedures, Legal/Government Regulation, Natural gas transmission, Corporate Bonds, Company legal issue, Cases, Marketing, Investigations, Company marketing practices, Investor relations, Gas transmission industry, Enron Corp., National Association of Securities Dealers, ENRNQ, H&R Block Financial Advisors

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2nd Quarter At Citigroup Disappoints Investors

Article Abstract:

Two of the largest banks in the United States reported poor earnings in the second quarter. Citigroup Inc.'s net income reached $5.07 billion, while Bank of America reported earnings of $4.3 billion.

Forecasts, trends, outlooks, Citigroup Inc., C, BankAmerica Corp., Company business forecast/projection, Company forecasts

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HSBC to Pay $1.75 Billion For Stake in Chinese Bank

Article Abstract:

HSBC Holdings PLC has acquired 19.9 percent of China's Bank of Communications which had assets worth $111.9 billion in 2003. HSBC will now have greater access to the Chinese market.

United Kingdom, China, Finance, Company investment, Investments, International aspects, HSBC Holdings PLC, Company financing, Bank of Communications

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