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Banking

WireTap 0900 09/02/12

A round-up of the key stories across the specialist financial media, including news that US banks are close to reaching a settlement deal resolving allegations of improper foreclosures.


US banks near $40bn housing deal

US regulators are preparing to announce a $39.5 billion settlement that would resolve allegations that five leading banks abused borrowers in their pursuit of improper home seizures.

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King may add to Gilt stash in insurance gambit

Bank of England Governor Mervyn King may pump another £50 billion into the U.K. economy today to protect the UK’s recovery from the threat posed by Europe’s debt crisis.

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Foreign deal on tax dodging

The US Treasury Department and the governments of five European nations have reached agreement on a proposal to prevent U.S. taxpayers from avoiding taxes using foreign accounts.

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Credit Suisse posts first loss in three years

Credit Suisse has announced a loss in the fourth quarter for the first time since 2008, blaming adverse markets and reorganisation costs in the investment bank.

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Greece talks stall as Venizelos heads to Brussels

Greek Finance Minister Evangelos Venizelos has said there are still doubts on the agreement needed to secure a €130 billion rescue package for his country ahead of a meeting of euro area finance ministers today.

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