SEC Proposes Shortening Trade Settlement Cycle to 2-Day Max. - Bloomberg Sep 28, 2016 11:32AM

SEC Proposes Shortening Trade Settlement Cycle to 2-Day Max. - Bloomberg


Yellen Says Has Never Seen Politics Enter Fed Policy Debate; Gov. Brainard Acting in Way Consistent with Rules Sep 28, 2016 10:52AM

Yellen Says Has Never Seen Politics Enter Fed Policy Debate; Gov. Brainard Acting in Way Consistent with Rules


U.S. to boost military presence in Iraq for Mosul battle Sep 28, 2016 07:53AM

BAGHDAD (Reuters) - Iraqi Prime Minister Haider al-Abadi said on Wednesday that Washington would send more U.S. troops to help local forces in the battle to retake Mosul from Islamic State that is expected later this year.

"American President Barack Obama was consulted on a request from the Iraqi government for a final increase in the number of trainers and advisers under the umbrella of the international coalition in Iraq," he said in a statement.

... (continue reading...)
Zillow Mortgages Reports 6 bps W/W Drop in 30-Year Fixed Rate to 3.24% Sep 27, 2016 02:01PM

The 30-year fixed mortgage rate on Zillow® Mortgages is currently 3.24 percent, down 6 basis points from this time last week. The 30-year fixed mortgage dropped to a low of 3.21 percent on Thursday following the Fed decision to postpone an interest rate increase before settling in at the current rate.

“Mortgage rates fell by about 5 basis points last Wednesday after the Fed decided to hold short-term interest rates constant. Markets are now looking to December as the... (continue reading...)


U.S. says Wells Fargo to pay $400,000 to settle charges over swaps Sep 27, 2016 12:41PM

WASHINGTON (Reuters) - Wells Fargo Bank has settled federal charges over inaccurate large trader reports for physical commodity swaps positions, the U.S. Commodity Futures Trading Commission said on Tuesday, ordering the firm to pay a $400,000 penalty.

In a statement, the CFTC said Wells Fargo must also "cease and desist from committing further violations" of U.S. regulations as part of the order filed and settled on Tuesday.

... (continue reading...)


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