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Citigroup, which last week admitted breaking FHA rules and paid a fine, also violated regulations for home loans sold to Fannie Mae and Freddie Mac, according to a whistle-blower's complaint.
China's manufacturing may shrink for a fourth month in February, indicating the world's second- biggest economy remains vulnerable to a deeper slowdown as Europe's crisis caps exports and the housing market cools.
Europe's largest lenders and insurers are likely to accede to the Greek debt swap because they've already written down their sovereign holdings and want to avert the risk of a default, analysts said.
Traders are betting TNT Express NV is the most likely takeover target in Europe to get a higher offer, even after spurning the industry's richest proposal from United Parcel Service Inc.
The chairman of RBS, Sir Philip Hampton, has told Sky News that the era of big banking bonuses is over.
Stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy.
White House spokesman Jay Carney says Obama and Merkel spoke by telephone Tuesday.
A staff member is silhouetted on a projector screen displaying a logo of Olympus Corp before a news conference in Tokyo February 13, 2012.
While most Wall Street investment bankers either head the Hamptons or a ski resort after a long week at the office, one Citigroup banker likes to unwind on the weekends by spending time with prostitutes in the Bronx .
Police are investigating two apparently related cases of grand larceny at 7-Eleven stores in Vienna.
Euro zone finance ministers sealed a 130-billion-euro bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.
Bank of Montreal entered an agreement Monday to purchase a 19.99% stake in China's Cofco Trust for an undisclosed price to expand the bank's wealth management strategy in the world's second-largest economy.Terms of the deal were not announced.
THE Reserve Bank of Australia appears to be in no hurry to cut the cash rate again, although it is clearly reserving that option.
At least 100 military families will receive homes this year under a partnership between JPMorgan Chase and the nonprofit group Operation Homefront.
Bank of America is the largest banking operation in North Texas in terms of local deposits, but the company had a rough year in 2011 and fell behind J.P. Morgan Chase The Journal reported that Moynihan can earn up to $5.9 million restricted stock for his bonus from last year.
Bill Haas hits his tee shot on the ninth hole during the final round of the Northern Trust Open at Riviera Country Club on February 19, 2012 in Pacific Palisades, California.
Bailed-out banks Lloyds and Royal Bank of Scotland are expected to report losses for 2011 of at least 4bn between them this week.
CANBERRA Australian agribusiness conditions improved in the fourth quarter of 2011 as output rose, but the sector's tone remains tentative and near-term expectations are low, according to a quarterly survey by National Australia Bank Ltd.
Sparks will fly as partygoers from all over the world join locals on Sydney Harbour for the internationally-acclaimed waterside party, CoolChange: Harbour '12, writes Andrew Georgiou.
The isosceles theorem put forward by the Greek mathematician Euclid became a test in medieval times of one's ability to master more difficult matters.