A round-up of the key stories across the specialist financial media, including reports that the bank capital directive being worked on by the European Parliament could lead to an increase in mortgage costs and the risk of foreclosures.
EU plans raise home foreclosure risk
UK homeowners could face greater mortgage costs and risk of foreclosure next year because of a clause in the bank capital directive being worked on by the European Parliament.
QE3 may come in April, Credit Suisse’s Jersey Says: Tom Keene
The Federal Reserve may implement a third round of quantitative easing this spring to bolster the economy, according to Credit Suisse Group AG’s Ira Jersey.
The French Socialist Party’s presidential candidate François Hollande has announced that his first actions should he be elected would be to shackle the financial sector and raise taxes on the wealthy.
Japan manufacturers brace for euro zone breakup: Reuters poll
Japanese manufacturers are bracing for the possibility of the breakup of the Eurozone, with 65% saying that they see a need to prepare for the partial or total collapse of the single currency.
German pension funds have joined the opposition to the EU’s proposed new rules for insolvency, but are concerned that German politicians may ignore them to please their French allies.
