Friday , 16 January 2026

Recent Posts

US stocks fall, bonds rise as Trump in focus

  Bloomberg US stocks fell the most since the presidential election, while Treasuries advanced with gold as Donald Trump’s order on immigration raised concern that he may follow through with isolationist policies touted on the campaign trail, overshadowing a pro-growth agenda. The Dow Jones Industrial Average tumbled more than 200 points, retreating below 20,000 after closing at records last week. …

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UniCredit drops on ECB concerns over bank’s credit quality

  Bloomberg UniCredit SpA dropped in Milan trading after it said the European Central Bank had demanded an improved plan for dealing with bad loans by the end of February. The bank’s strategy for shoring up its finances may not adequately address the ECB’s concerns about credit quality, according to a filing on Monday detailing UniCredit’s plans for a 13 …

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Citigroup plans to exit mortgage servicing

  Bloomberg Citigroup Inc. plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans. The bank reached an agreement to sell the servicing rights on Fannie Mae- and Freddie Mac-backed loans with $97 billion of outstanding balances to New Residential Mortgage LLC, New York-based Citigroup said Monday in a statement. The bank also …

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