A Spanish political party that triggered a high profile court investigation into the near collapse of bailed-out bank Bankia has asked for Christine Lagarde, the head of the International Monetary ... more 
A Spanish political party that triggered a high profile court investigation into the near collapse of bailed-out bank Bankia has asked for Christine Lagarde, the head of the International Monetary Fund, to testify as a witness. The Union for Progress and Democracy which last year persuaded the high court to open an investigation into the bank's listing and near demise, asked the judge leading the case to call Lagarde and another IMF official to be questioned. European Union officials announced an ambitious proposal for a uniform way to deal with failing banks in the region that would include central decision-making and an emergency fund raised from Europe?s banks An unrelenting surge in interest rates for U.S. home mortgages pushed borrowing costs to their highest level in two years last week, stymieing demand from potential homeowners. The Mortgage Bankers Association said Interest rates on fixed 30-year mortgages rose for the ninth week in a row to average 4.68 percent in the week ended July 5. It was the highest level since July 2011 and a 10 basis point increase over the week before. ... less 
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Wochit
Wed, Jul 10, 2013 1:14 PM EDT