Finance & Mortgage

Dollar firms against euro on weak German PMI data

The dollar rose against the euro on Monday after signs of slower growth in Germany worried traders and expectations of tightening U.S. monetary policy continued to support the greenback.

U.S. March factory activity growth slows slightly: Markit

U.S. manufacturing activity slowed in March after nearing a four-year high last month, but the rate of growth and the pace of hiring remained strong, an industry report showed on Monday.

Credit Suisse to pay $885 mln in FHFA mortgage fraud case

Credit Suisse Group AG has agreed to pay $885 million to resolve claims by a U.S. regulator that the Swiss bank misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour.