The Bank of England said that it planned to keep interest rates at a record low until unemployment falls to at least 7 percent. World stock markets fell, led by a plunge in Japan's benchmark index, ... more 
The Bank of England said that it planned to keep interest rates at a record low until unemployment falls to at least 7 percent. World stock markets fell, led by a plunge in Japan's benchmark index, as expectations mounted that the U.S. central bank will begin to phase out its monetary stimulus next month. Deutsche Bank has found a replacement for JT Macfarlane, the CEO of its Australia and New Zealand unit who is stepping down after 25 years with the bank. The U.S. Justice Department said it had filed a civil lawsuit in U.S. District Court in Charlotte, North Carolina, against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities. less 
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Wed, Aug 7, 2013 10:03 AM EDT