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U.S. Mortgage Firms Said to Near $10bn Settlement

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U.S. regulators led by the Office of the Comptroller of the Currency will replace a largely fruitless effort to find victims of botched foreclosures at the 14 biggest mortgage servicers with flat penalties, five people briefed on the talks said.

2013: UK's 'Groundhog Year ?'


This year risks being a "groundhog year" for the U.K.'s embattled economy as it threatens to repeat much of 2012's gloom, according to an influential think tank.

IPO Market to Bring Slim Pickings for New Year

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A volatile year for initial public offerings has paved the way for a potentially meager 2013, with just a few dozen companies filing to go public within the last six months, none of which are considerable in size.

British Bank Bailout Loses Taxpayers £23bn


Taxpayers will end 2012 with a £23bn loss on their stakes in Royal Bank of Scotland and Lloyds Banking Group, illustrating the difficulty the government faces in attempting to make a profit from any sell-off of the shares in the bailed-out banks.