toxic-mortgage
Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.
December 23, 2016 by elegant · Leave a Comment
By Karen Freifeld, Arno Schuetze and Kathrin Jones NEW YORK/FRANKFURT (Reuters) – Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities…
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Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.
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Drop in U.S. consumer spending clouds Fed rate hike outlook
October 1, 2016 by publisher · Leave a Comment
U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.1 percent last month after accounting for inflation. “Consumers took a breather in August,” said Chris Christopher of IHS Global Insight
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Drop in U.S. consumer spending clouds Fed rate hike outlook
toxic-mortgage
China factory activity expands again in September: official PMI
October 1, 2016 by admin · Leave a Comment
Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. After a significant pick-up in March, China's official PMI slipped, falling below 50 in July before showing expansion in August. Economists say the pattern over the past few months suggested sustained
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China factory activity expands again in September: official PMI
toxic-mortgage
A Deutsche Bank settlement overshadows U.S. equities
October 1, 2016 by admin · Leave a Comment
Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. Deutsche shares traded in the United States hit a record low on Thursday, falling as much as 24 percent since the DOJ asked…
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A Deutsche Bank settlement overshadows U.S. equities