Banks withdraw from
Barclays' dark pool
Big banks have started pulling their business out of Barclays' dark pool, after
the British bank was sued by New York's top securities regulator for allegedly
misleading institutional investors over its anonymous trading venue, The
Financial Times reported. Deutsche Bank, Credit Suisse and Royal Bank of Canada
were among the institutions that withdrew from Barclays' dark pool on Thursday,
the paper said.
Wal-Mart cuts iPhone
If you're still holding out for the price of the newest iPhones to drop, your
time has come. Wal-Mart Stores Inc. said it is cutting the price for both
the iPhone 5S and 5C, beginning today. With a two-year contract, a 16-gigabyte
iPhone 5S will cost $99, coming down from $149. The 16-gigabyte iPhone 5C will
be $29, down from $49.
Bill is coming due for
Jumbo-mortgage borrowers feasted on interest-only loans during the housing
boom, enticed by low down payments and monthly outlays. But a monthly sticker
shock could be ahead for these borrowers.