(Reuters) - The U.S. government has filed three lawsuits against a group of large banks over losses on soured mortgage debt purchased by two small Illinois banks that failed in 2009. Acting as receiver for Citizens National Bank and Strategic Capital Bank, the Federal Deposit Insurance Corp sued a number ...

A German official says Berlin continues to oppose the idea of jointly-issued bonds for the eurozone, which France's new president had suggested could be used to fund economic growth.

Republicans and Democrats aren't budging when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.

The euro fell to a four-month low against the U.S. dollar Friday after Germany's finance minister said the market turmoil over Europe's debt crisis could drag on for up to two more years.

MILAN (Reuters) - The average lifespan of Italian debt, which has fallen during the euro zone crisis as investors favor safer short-term issues, should still be close to the current level of 6.8 years at the end of 2012, a top Italian debt official said. As the average maturity of ...

(Reuters) - The unit at the center of JPMorgan Chase & Co's recently revealed $2 billion trading loss has built up more than $100 billion in positions in asset-backed securities and structured products, the Financial Times said on Thursday. The newspaper said this portfolio comprises the "complex, risky bonds at ...

Spain managed to auction nearly €2.5 billion ($3.18 billion) in medium-term debt amid strong demand but at sharply higher interest rates reflecting concerns that the country will be caught up in the fallout of the Greek crisis.

LONDON (Reuters) - Investors in German bonds may soon get back less than they paid for the debt as they forego any profit and instead seek shelter from the euro zone's storm, driving borrowing costs for the region's safest issuer to unprecedented lows. German bonds are already offering next to ...

House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase.

Spain managed to raise €2.9 billion ($3.8 billion) in a short-term bond auction on Monday, but concerns over the future of the euro currency union pushed investors to demand higher interest rates to lend the money and caused the Madrid stock market to plummet.