U.S. and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector. Banks in the United States and Europe are paying for misconduct that includes mis-selling U.S. mortgage bonds, rigging […]
Tag: US
U.S. mortgage applications fall as refinance hits five-year low: MBA
Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve’s decision to pare its bond purchase stimulus in January, an industry group said on Tuesday. The Mortgage Bankers Association said its […]
European stocks inch up, euro dips on S&P downgrade
European shares inched up on Friday with riskier assets still in demand following a broadly neutral shift in U.S. monetary policy, and the euro dipped after a credit agency cut its rating on the European Union. The FTSEurofirst 300 .FTEU3 index of top European shares was up 0.2 percent after […]
