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Diamond Resorts benefits from growing timeshare industry

Michael Flaskey says his industry has matured. And for the CEO of Las Vegas-based timeshare company Diamond Resorts, that maturity — in the form more analysts on Wall Street and more attention from regulators — has meant big money.

Royal Bank of Scotland tentatively settles US claims for $4.9B

Royal Bank of Scotland said Thursday it has agreed to pay $4.9 billion to settle U.S. claims that it misled investors who bought securities backed by risky mortgages in the run up to the 2008 financial crisis.