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.
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.
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. Click here for the full story
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.
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.
