  | | | U.S. banks to pay $8.5 billion to end foreclosure reviews | | WASHINGTON (Reuters) - A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive. | | | |  | | | Analysis: "Fiscal cliff" deal sours tax reform outlook | | WASHINGTON (Reuters) - Prospects for a 2013 overhaul of the U.S. tax code have faded after last week's "fiscal cliff" fight, with Democrats still pushing to raise more government revenue by closing tax breaks and Republicans arguing that the tax debate is over. | | | |  | | | BofA, other banks move closer to ending mortgage mess | | CHARLOTTE/WASHINGTON (Reuters) - Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years. | | | |  | | | Citigroup CEO names new executive team | | NEW YORK (Reuters) - The new chief executive of Citigroup Inc named two company veterans to lead its institutional and consumer businesses on Monday and set lines of command to give him more direct responsibility for executives than his predecessor. | | | |  | | | Aircraft financing costs set to rise, PwC says | | PARIS (Reuters) - Global airlines face a hike in the cost of financing aircraft deliveries as an international pact on export credits squeezes already-scarce funding, according to consultants PwC. | | | | | Hawaiian Air looks to buy Airbus jets for up to $2.8 billion | | NEW YORK (Reuters) - Hawaiian Airlines said on Monday it plans to buy Airbus A321neo planes in an order valued at up to $2.8 billion, a move that puts Airbus ahead of Boeing as the airline's main supplier of jets that fly between Hawaii and the U.S. West Coast. | | | | | Veteran broker departures shift $133 billion client assets in 2012 | | NEW YORK (Reuters) - Brokerages saw top advisers depart in droves last year and shift $132.5 billion in client assets with them, a Reuters tally shows, creating headaches for some Wall Street banks at a time when wealth management is becoming an increasingly important part of business. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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