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Banking

WireTap 1400 09/02/12

A round-up of the key stories across the specialist financial media, including breaking news that political leaders have finally reached an agreement on economic reforms.


Breaking News: Greek reaches debt deal

A spokesman for the Greek prime minister says leaders have reached an agreement on economic reforms, and will release a statement soon.

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Click here for live coverage of ECB cheif, Mario Draghi's statement at 2.30pm GMT


ECB keeps rate at 1% as focus turns to role in Greek debt swap 

ECB policy makers meeting in Frankfurt left the benchmark interest rate at a record low of 1%. At a press conference at 2:30 p.m., President Mario Draghi will be questioned on whether the ECB intends to use its Greek bonds to help the embattled nation reduce its debt.

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US banks agree on foreclosure pact 

Government officials have finalized an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.

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Bank of England lifts stimulus by £50bn 

The Bank of England’s Monetary Policy Committee voted to keep interest rates at their current record lows on Thursday and authorised further gilts purchases totalling £50bn, in line with economists’ expectations.

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Deal reached for Dexia

The French government and two state-controlled entities have reached an agreement over how to restructure the French municipal lending operations of troubled bank Dexia SA , people familiar with the matter said Thursday.

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