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BANKING NEWS

Deutsche Bank and Credit Suisse pay billions to settle US probe

Deutsche Bank and Credit Suisse pay billions to settle US probe
By: Alistair Gray, Peter Wells, David Lynch and Martin Arnold Deutsche Bank and Credit Suisse have agreed to pay out billions to resolve a probe into the alleged mis-selling of mortgage-backed securities at the height of the US ...

Barclays refuses to settle with US DoJ over 'craptacular loans'

Barclays refuses to settle with US DoJ over 'craptacular loans'
By Jill Treanor Department of Justice accuses bank of using loans from other mortgage lenders as basis of bonds it was selling Barclays is refusing to settle with the US Department of Justice over allegations it deliberately sold mortgage bonds to ...

Italy to bail out Monte dei Paschi di Siena bank with €20bn rescue fund

 Italy to bail out Monte dei Paschi di Siena bank with €20bn rescue fund
By Jill Treanor and Stephanie Kirchgaessner in Rome A €20bn (£17bn) rescue fund for Italy’s banking sector has been approved by the country’s parliament, heralding a bailout of the world’s oldest bank, Monte dei Paschi di Siena (MPS). The bank said ...

Italy seeks up to €20bn to prop up fragile lenders

Italy seeks up to €20bn to prop up fragile lenders
By: James Politi in RomeParliamentary approval sought to protect banks as possible state rescue of MPS nearsThe Italian government has asked parliament to authorise up to €20bn to prop up the country’s most fragile banks, as it prepares to mount a ...

Strong US dollar could challenge Trump agenda

Strong US dollar could challenge Trump agenda
NEW YORK (AFP) - The strong US dollar, boosted further by the Federal Reserve's decision to raise interest rates, could pose challenges to President-elect Donald Trump's economic agenda. The greenback shot to fresh multi-year highs against the euro and other ...

Who's behind the blog

Who's behind the blog

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