Regulators warn Wells Fargo of new possible sanctions -Bloomberg
Frustrated at the pace of Wells Fargo & Co’s (WFC.N) efforts to compensate victims of its sales practice scandals, U.S. regulators have warned they may impose new sanctions on the bank, Bloomberg reported on Tuesday.
Goldman Sachs raises odds on U.S. Fed taper announcement in Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds purchases in November, predicting the central bank will likely opt to dial back purchases by $15 billion then and at meetings that follow.
Dollar buoyed as strong job figures fan Fed tapering talk
The dollar was buoyant in early Tuesday trade as a run of strong U.S. job figures solidified expectations the U.S. Federal Reserve could soon start tapering its massive coronavirus-driven stimulus.
Cooling measures doing little to slow New Zealand’s housing boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the red-hot market and putting in jeopardy a key policy promise by Prime Minister Jacinda Ardern.
UK mortgage lending booms but consumers stay wary about debt
British mortgage lending showed a record surge in June as home-buyers rushed to qualify for a tax break before it was scaled back, but other data added to signs that a rise in COVID-19 cases in recent weeks slowed the broader economic recovery from lockdown.
Euro zone banks see small tightening of credit standards in Q3
Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or loan approval criteria, the European Central Bank said on Tuesday.
U.S. pending home sales unexpectedly rise in May
Contracts to purchase previously owned U.S. homes rose by the most in 11 months in May driven by a decline in mortgage rates as well as an uptick in listings.
Financial sector faces heavier burden in EU climate plans, sources say
The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its climate plans, sources who have seen a European Commission strategy paper told Reuters.
Pandemic boom drives UK house prices up by most since 2004
British house prices jumped by the most in more than 16 years this month, soaring by 13.4% from June 2020, and demand is expected to stay strong while a coronavirus emergency tax break remains in place, mortgage lender Nationwide said.
EXCLUSIVE U.S. watchdog to adopt mortgage moratorium rule with some exclusions -sources
The U.S. consumer watchdog in coming weeks will adopt a rule requiring mortgage servicers to give struggling homeowners until next year to resume repayments, but is expected to carve out some groups of borrowers following industry pushback, four people with knowledge of the matter told Reuters.
