Bloomberg Business

Sweden’s Elevated Price Pressure Sets Stage for Another Hike

Swedish core inflation remained on an elevated level in July, keeping pressure on the Riksbank to raise interest rates further even as the economy is slowing down and cracks are widening in the country’s commercial property sector.

UBS to Pay $1.44 Billion to Settle DOJ Mortgage-Bond Case

UBS Group AG agreed to pay $1.44 billion to settle a long-running case over US mortgage-backed securities, resolving one of the bank’s largest outstanding legal issues as it works toward integrating Credit Suisse.

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