FCA examines move to full bank account portability

The UK’s Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country’s existing …

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Home of the Day: Chateau at Costa Bella

By Margaret Parma & Tye Truitt, Brokers
Home of the Day is presented by the Austin Business Journal with Kuper Sotheby’s International Realty. This is your invitation to view some of the Austin’s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today’s featured property.
213 Costa Bella Drive, Austin, TX 78734 | $9,988,000
Welcome to the stately stone Chateau at Costa Bella, a gracious hilltop waterfront estate situated on Lake Travis. The French…

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Austin landlords push back against housing voucher requirement

The Austin Apartment Association is pushing back against a measure that would require all landlords in the city to participate in a federal housing voucher program for low-income residents.
If apartment landlords are required to accept housing vouchers on par with a paycheck for rental approval purposes, the association claims it could cause rents to rise through a series of unintended consequences ranging from increased regulation litigation, "one-sided" lease contracts dictated by federal housing…

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Seton, Aetna team up to offer new health benefit plans to curb costs

Aetna and Seton Health Alliance have partnered to create Aetna Whole Health, a collection of benefit plans created to give members in three Central Texas counties access to all physicians and facilities in the Seton alliance system. The plans are already available to members and dependents of the Teacher Retirement System of Texas, Williamson County employees and dependents, and will be open to employees of the Austin Intermediate School District and their dependents on Jan. 1. According to a statement…

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Jon Stewart bringing his new film to Austin during ‘Daily Show’ tapings

Jon Stewart, host of Comedy Central’s “The Daily Show with Jon Stewart” will show his new film “Rosewater” as the closing night feature at this year’s Austin Film Festival in late October while his show is in Austin for four days of tapings.
The film, which Stewart directed during a sabbatical from his show last summer, is based on the New York Times best-selling memoir, "Then They Came for Me: A Family’s Story of Love, Captivity, and Survival," written by the BBC journalist Maziar Bahari,…

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Austin engineering firm raises investment capital funding

AdBM Corp., an acoustical engineering firm, reported raising $1.7 million of a planned $1.8 million round of financing.
The Austin-based firm collected the capital from 18 investors, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
AdBM was founded in 2012 on technology initially developed at the University of Texas’ Applied Research Laboratories. It now specializes in developing underwater noise abatement technology for marine environments, according to the company’s…

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Developer fired up about South Austin St. Elmo’s Market and Lofts proposal

An ambitious plan to create a destination marketplace, music venue, hotel and condo development on South Congress Avenue took a step forward with the recent blessing of the Austin Planning Commission.
The proposed St. Elmo’s Market and Lofts project will be debated by the Austin City Council some time in October, but the developer — GroundFloor Development — is hopeful for final approval by Nov. 1.
“From the first time I looked at the property, I was floored by the opportunity and I couldn’t…

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