Month: April 2014

Bank of America in DOJ settlement talks for $10B+

Just months after JPMorgan Chase paid $13 billion to settle charges that it misled investors about the quality of certain securities tied to home loans, rival Bank of America is discussing a similar deal with the Department of Justice that could cost it $10 billion or more, according to two people familiar with the matter. Bank of America, one […]

Draghi Seen Easing Policy by June as ECB Readies Rate Cut

Mario Draghi will probably take action within two months against the threat of deflation, economists said. Almost two-thirds of respondents in the Bloomberg Monthly Survey predicted the European Central Bank president will ease policy by June. Of those economists, just under half said he may implement multiple measures ranging from interest-rate cuts to asset purchases and […]