A round-up of the key stories across the specialist financial media, including news that Greece's debt swap has been agreed to by 95.7% of investors.
Private investors said to agree to swap 85% of Greek debt
The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses.
More than 200,000 financially strapped households will have a chance to sharply reduce their mortgage balances under a side deal negotiated by Bank of America that could allow the bank to avoid as much as $850 million in penalties.
The three largest providers of US exchange-traded funds are aggressively slashing their management fees, fuelling a price war among asset managers for market share in the fast-growing investment business.
