Today’s Best Market Rumors (2/9/2012) Greece Reaches Bailout Deal

February 9, 2012 by Douglas A. McIntyre

Updated throughout the day on The 24/7 Wire.

The US and state attorneys general are close to a settlement with five majors banks which include Citigroup, Bank of America, and Wells Fargo over accusations of improper foreclosure practices The amount of the settlement will be $26 billion (WSJ)

The US will sue six large banks for the sales practices they employed with mortgage backed securities, often blamed for the start of the credit crisis (WSJ)

Greece has reached a final agreement with creditors (FT)

Douglas A. McIntyre