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.
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.
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.
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.
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.
