It has been recently revealed that Euro zone countries are not able to reach at a final conclusion on Greece bailout matter. In order to discuss the matter, a meeting has been arranged in which Euro zone finance ministers would take part, said Evangelos Venizelos, who is the Greek Finance Minister.

As per recent reports, it has revealed that a case has been registered against Bank of America, Wells Fargo and JPMorgan Chase over the access to a mortgage database. Confirming the news, New York Attorney General Eric Schneiderman said that they have filed a case against them as they led the state in a condition, in which, they were not able to assess foreclosures.

“Given the importance the committee attaches to this issue, it agreed to consider it in greater depth at a future meeting. It would consider, among other things, the extent to which such performance metrics influence”, said the Bank of England, while warning its lenders against a move to introduce some changes in the procedure for bonus measures.

It seems that the widening uncertainty in global markets has struck the investment banking sector big time, as it has been revealed that HSBC Holdings PLC has met with huge revenue loss in the third quarter. In addition, there was major loss in the US market also as bad loans soared. It was told that the bad loans moved up by 24% to $3.89 billion.

Is there another rate hike in the offing? Though nobody would like to hear another hike, final discussions would take place on Thursday on the same.

It has been known that rising global inflation has put the Indian government in such a tight spot that it has left with no option but to escalate the level of interest rate.

A Reuters survey of 12 economists has suggested that the Governor of Reserve Bank, Alan Bollard, is believed to not introduce any changes in the official cash rates and will maintain the OCR at 2.5% during the release of the Monetary Policy Statement on Thursday.