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European Banks Set To Cash In On Subprime Sales


Europe's banks, which were among the biggest buyers of U.S. mortgage bonds before the financial crisis, are set to cash in on America's housing recovery by selling the once "toxic" assets back to U.S. lenders.

Britain and the Euro: What If We'd Joined ?

Five Euro Note

Ten years ago this week, it was euro crunch time for Britain. Gordon Brown had promised an assessment of whether the UK met his five tests for entry into the single currency within two years of the 2001 election. He met the deadline almost to the day.

Sir Mervyn King Plans 'Grey Gap Year'

Mervyn King

Sir Mervyn King is to become one of the growing number of high-profile business and finance figures to take a so-called "grey gap year" when he steps down as governor of the Bank of England at the end of this month.



Mario Kart 8 DLC Yoshi Circuit screen 1

Nasdaq CEO: Here's the circuit breaker conundrum

As volatility within global equity markets has spiked, the discussion about exchange circuit breakers has taken center stage. Nevertheless, exchanges have to be careful about how tight those breakers are, Nasdaq CEO Bob Greifeld said Tuesday.