(Source: Kirsten Pittman The Charlotte Observer, N.C. (MCT) — Here’s a look at today’s banking and finance headlines:http://obsbankwatch.blogspot.com/2012/02/img/blank.gif
- Dallas Federal Reserve President Richard Fisher said the
- and that another round of central bond buying isn’t necessary, Reuters reports. JPMorgan Chase and Co. has
more than tripled its holdings
- of mortgage securities without U.S. government guarantees, representing a multibillion-dollar bet on on homeowners, Bloomberg reports.
The European Union lowered its growth forecast for the year and warned that the euro zone would fall into a “mild recession,” the New York Times writes. Stocks opened lower this morning as Hewlett-Packard announced its first-quarter revenue fell short and first-time jobless claims held steady, the Wall Street Journal reports. Technology and industrial sales led the U.S. markets lower.
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Source: Kirsten Pittman The Charlotte Observer, N.C. (MCT)
