HSBC and Nomura lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices.
Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.
The prices demanded by sellers putting their homes on the market have fallen for the first time this year, in the latest sign that some of the heat is coming out of the UK housing market.
The Bank of England signalled that it would not impose draconian measures to cool the housing market unless house prices rise by more than 20% over the next three years.
Britain's 10 million mortgage payers have been warned to ready themselves for dearer borrowing costs after a Bank of England policymaker said stronger-than-expected growth meant the era of ultra-cheap money was drawing to a close.
UK house price inflation has hit a four-year high, according to official figures that will intensify the debate about whether policymakers need to take steps to cool the market.
His case was called 'ridiculous' and 'bulls---' during a hearing.
The debate about house prices is reignited on Mondayamid claims by Britain's biggest property website that prices for homes have come "off the boil".
Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12bn settlement related to the bank's mortgage banking practices, according to a U.S. law enforcement official.