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Virginia to get nearly $480M in benefits from mortgage settlement
Virginian and home borrowers in the state will receive about $479.6 million in relief from a $25 billion settlement between states and five mortgage lenders over foreclosure abuses.
Federal and state officials announced the deal Thursday.
Attorney...Tags: Citigroup Incorporated, Bank of America Corp., Mortgages, Financial and Business Services, Ken Cuccinelli
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U.S. dollar marks worst week versus yen in a year
ReutersNEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Some...Tags: Nikkei, Bank of America Corp., Mutual Funds, Politics, Economic Policy
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EXCLUSIVA-Fiscal Nueva York dice hay pruebas de que bancos violaron acuerdo hipotecario
ReutersPor Karen Freifeld NUEVA YORK, 24 mayo (Reuters) - El fiscal general de Nueva York, Eric Schneiderman, dijo que está reuniendo pruebas de que Bank of America Corp, Wells Fargo and Co y otros bancos violaron los términos de un acuerdo diseñado para...Tags: Citigroup Incorporated, Bank of America Corp., Banking, Wells Fargo & Co.
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INVESTMENT FOCUS-Dollar builds steam, unnerves emerging markets
ReutersBy Mike Dolan LONDON, May 24 (Reuters) - As the dust settles on a volatile week, many strategists now sense a green light for a long-brewing multi-year rise of the U.S. dollar - with unnerving portents for emerging markets. The U.S. Federal Reserve's...Tags: Money and Monetary Policy, Currency Values, Emerging Market, Mutual Funds, Central Bank
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New York claims more proof of bank mortgage abuses
ReutersNEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman -...Tags: Citigroup Incorporated, Justice System, Bank of America Corp., Crime, Law and Justice, Mortgages
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Analysis: Markets face rough summer ride as Fed pullback feared
ReutersNEW YORK (Reuters) - For the past few months, the Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing...Tags: Ben Bernanke, S&P 500, Central Bank, Federal Reserve, Employment
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PRESS DIGEST - British Business - May 24
ReutersMay 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Telegraph BURGLARY AND COMPUTER HACKING ADD TO WOES AT ENRC Eurasian...Tags: Electronics, European Central Bank, Fines, Mario Draghi, G8
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FOREX-Dollar recovers from 2-week low vs yen, focus on Nikkei
ReutersBy Hideyuki Sano TOKYO, May 24 (Reuters) - The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge and Wall...Tags: Nikkei, China, Globalization, Federal Reserve, Car Safety Tips and Advice
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MOVES-Morgan Stanley, JPMorgan Chase, HSBC Holdings
ReutersMay 23 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. MORGAN STANLEY The bank's head of fixed income, Ken deRegt, is retiring from the...Tags: HSBC Holdings plc, Financial and Business Services, Politics, Goldman Sachs Group, Inc., Parties and Movements
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Proxy advisory firm settles SEC charges over data breach
ReutersWASHINGTON (Reuters) - Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets. The Securities and...Tags: Board of Directors, Politics, Voting, Personal Finance, Elections
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Credit rating firms sow doubt on euro zone bond rally
Reuters* Ratings agencies warn euro zone ratings still at risk * Favourable market conditions may be temporary-Moody's * S&P warns cheap cash creates complacency risks By Marius Zaharia LONDON, May 22 (Reuters) - Credit rating firms say they could further...Tags: Spain, Portugal, European Central Bank, Budgets and Budgeting, Central Bank
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Bid for risk intact with seven US high-yield deals in market
ReutersBy Rachelle Kakouris May 22 (IFR) - The bid for risk remained firmly intact on central bank Wednesday, with seven corporate borrowers - mostly in the lower echelons of the ratings scale - currently marketing USD3.3bn in high-yield deals. Though the pace...Tags: Health Treatments, Memorial Day, Prices, Ben Bernanke, Century Aluminum Company
Feb 9, 2012
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