news

U.S. mortgage industry wary of transition from LIBOR

23.05.2018, 12:02

U.S. mortgage bankers are concerned about the coming phase-out of a global interest rate benchmark because, they said at a conference, the transition will entail costs and administrative burdens and the replacement rate is not an ideal substitute.

Euro zone likely to delay some banking decisions to December

23.05.2018, 11:53

The euro zone is likely to push back some of the key decisions on completing its banking union to December from June because of lack of trust between governments, made no easier by the emergence of a eurosceptic coalition in Italy, officials said.

Forex- Euro, Pound Fall After Disappointing Data

23.05.2018, 11:28

The euro and sterling were near five-month lows on Wednesday after disappointing economic data while the U.S. dollar surged as investors look ahead to Fed meeting minutes later in the day.

EU tells Italy to cut debt, warns of euro 'spillovers'

23.05.2018, 10:49

Italy's incoming government should aim to cut its heavy public debt, the European Commission said on Wednesday, warning of a risk that financial instability in Rome could spill over into the whole euro zone.

Cryptocurrencies Rise Despite Bitfinex’s Plan to Turn Info Over to Governments

21.05.2018, 17:41

Cryptocurrencies gained across the board on Monday, despite news that Bitfinex would comply with handing customer information over to governments.