WireTap 1400 18/04/12
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

WireTap 1400 18/04/12

A round-up of the key stories across the specialist financial media, including news that US treasury officials may suggest the introduction of a government safety net for the mortgage finance system.


Fannie Mae fix said to retain some US mortgage role

US Treasury officials are leaning toward recommending that Fannie Mae and Freddie Mac be replaced with a government safety net for the mortgage finance system and continued federal backing for loans to lower-income homebuyers, according to three people briefed on the discussions.

Click here for the full story


Bank’s inflation concerns grow

The Bank of England’s interest rate setting committee grew more concerned about inflation this month even as it warned the economy could be back in a technical recession, according to minutes of its April meeting.

Click here for the full story


BNY Mellon profit falls as record-low rates cut returns

BNY Mellon, the world’s largest custody bank, said first-quarter earnings fell 1 percent as interest rates near record lows eroded income from lending and investing.

Click here for the full story


Weidmann says not ECB job to tackle Spain's problems

Spain should take a rise in its bond yields as a spur to tackle the root causes of its debt woes, not look to the European Central Bank to help by buying its bonds, according to European Central Bank policymaker Jens Weidmann.

Click here for the full story


BlackRock Q1 profit steady as ETFs draw billions

BlackRock, the world's largest asset manager, said first-quarter profits were steady, bolstered by strong inflows into its exchange-traded fund business.

Click here for the full story

Gift this article