Mnuchin Faces More Queries on China, Debt Before Senate Vote
Mnuchin Faces More Queries on China, Debt Before Senate Vote
U.S. Treasury secretary nominee Steven Mnuchin is being asked to provide more clarity on how he will get tough on China, his stance on banking regulations and navigating the risks of the U.S. possibly defaulting.
Bloomberg
Bloomberg
RBS to take $3.8 billion charge tied to US mortgage probe
RBS to take $3.8 billion charge tied to US mortgage probe
RBS has now taken £6.7 billion of provisions related to as many as 15 mortgage investigations and lawsuits, and said further charges may still be needed
Livemint
Livemint
RBS Gains After $3.8 Billion Charge Tied to U.S. Mortgage Probe
RBS Gains After $3.8 Billion Charge Tied to U.S. Mortgage Probe
Royal Bank of Scotland Group Plc rose the most in two months in London trading after the bank took a 3.1 billion-pound ($3.8 billion) charge in a step toward resolving a U.S. probe into sales of mortgage securities.
Bloomberg
Bloomberg
Treasury nominee reportedly misled senators about foreclosures by OneWest Bank
WASHINGTON _ An Ohio newspaper reported that Steve Mnuchin, President Donald Trump's nominee to be Treasury secretary, misled senators about foreclosures by OneWest Bank while he was chief executive, providing more fuel to opponents ahead of a contentious committee confirmation vote scheduled for Monday.
Los Angeles Times
Los Angeles Times
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Citi to Exit Mortgage Servicing, Sell $97 Billion Portfolio
Citigroup Inc. plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.
Bloomberg
Bloomberg
Trump Pledges ‘Big Number’ on Dodd-Frank in Anti-Rule Push
President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans.
Bloomberg
Bloomberg