mellon

U.S. jobless claims near 42-year low as labor market tightens

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec.19, not far from levels last seen in late 1973, the Labor Department said on Thursday. Claims have been below 300,000, a threshold associated with a

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U.S. jobless claims near 42-year low as labor market tightens

mellon

Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses

By Nate Raymond NEW YORK (Reuters) – Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the…

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Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses