JPMorgan loses bid to toss FHFA's mortgage debt lawsuit
NEW YORK (Reuters) - JPMorgan Chase & Co lost a bid on Monday to win the dismissal of a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in buying billions of dollars worth of risky mortgage securities.
U.S. District Judge Denise Cote in Manhattan pared down parts of the lawsuit filed by the Federal Housing Finance Agency but allowed other claims to stand.
The case was one of 17 lawsuits that the agency, as conservator for Fannie and Freddie, filed in September 2011 against banks including Bank of America Corp and Citigroup Inc.
(Reporting By Nate Raymond in New York; Editing by Gerald E. McCormick)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.