The Group of 20 rich and emerging nations later this week will warn against complacently assuming a sustainable global economic recovery, while admitting sickly public finances could hurt long-term growth, a draft G20 document shows. The European Union will push for taxes on banks and financial transactions, a proposal likely to draw opposition from Canada and other countries who say their banks weathered the financial crisis well and should not be penalized.
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With the housing industry at large raising alarms about mortgage servicers’ desperate need for liquidity, the nation’s largest mortgage aggregator is now warning originators that it could force them to buy back loans that go into forbearance.
A day after President Donald Trump set an April 30 deadline for reopening the U.S. economy, Federal Reserve Chairman Jerome Powell urged caution.