Barclays to pay $800,000 fine for U.S. data reporting errors
NEW YORK (Reuters) – Wall Street’s self-funded watchdog fined a unit of Barclays PLC $800,000 for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability to properly monitor the marke…
Exclusive: U.S. housing regulator paid law firms $373 million to sue banks
NEW YORK (Reuters) – The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before t…
U.S. FCC set to reject Dish entities’ $3.3 billion auction discounts: WSJ
(Reuters) – The U.S. Federal Communications Commission is set to reject $3.3 billion worth of discounts requested by partners of Dish Network Corp, SNR Wireless and NorthStar Wireless, in the government’s $45 billion airwave auction earlier this year, …
Goldman profit hit by big legal provision, weak bond trading
(Reuters) – Goldman Sachs Group Inc reported its smallest quarterly profit in nearly four years on Thursday as it set aside more than $1 billion to cover potential mortgage settlements, and nervous investors pulled back from bond trading.
Fed’s Williams vows more transparency after meeting with Fed Up
SAN FRANCISCO (Reuters) – San Francisco Fed President John Williams has promised more transparency after a rare meeting with a coalition of community and labor groups which also urged the U.S. central banker to keep interest rates low.
ECB gives Greece thumbs up with funding boost
FRANKFURT (Reuters) – The European Central Bank increased emergency funding for Greek banks on Thursday, ending a freeze of almost three weeks and urging Europe to find a way to cut the country’s debt burden.
U.S. jobless claims, housing data point to firming economy
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell more than expected last week and confidence among homebuilders held at a more than 9-1/2-year high in July, indicating underlying momentum in the econ…
Ebay revenue jumps 7 percent in last push from PayPal
(Reuters) – E-commerce company eBay Inc reported a 7 percent jump in net revenue, boosted by higher demand in the PayPal Holdings Inc payments business it plans to spin off on Friday.
Shell expects oil price recovery to take several years
LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth.
Investors welcome Greek bailout approval
LONDON, (Reuters) – Stocks rose and euro zone bond yields fell on Thursday as investors welcomed Greek parliamentary approval of a bailout plan, while the dollar hit a six-week high after Federal Reserve Chair Janet Yellen reinforced expectations for a…
