Banks withdraw from Barclays' dark pool

Reuters: Big banks have started pulling their business out of Barclays' dark pool, after the British bank was sued by New York's top securities regulator for allegedly misleading institutional investors over its anonymous trading venue, The Financial Times reported. Deutsche Bank, Credit Suisse and Royal Bank of Canada were among the institutions that withdrew from Barclays' dark pool on Thursday, the paper said.

 

Wal-Mart cuts iPhone prices

CNNMoney: If you're still holding out for the price of the newest iPhones to drop, your time has come. Wal-Mart Stores Inc. said it is cutting the price for both the iPhone 5S and 5C, beginning today. With a two-year contract, a 16-gigabyte iPhone 5S will cost $99, coming down from $149. The 16-gigabyte iPhone 5C will be $29, down from $49.

 

Bill is coming due for interest-only loans

MarketWatch: Jumbo-mortgage borrowers feasted on interest-only loans during the housing boom, enticed by low down payments and monthly outlays. But a monthly sticker shock could be ahead for these borrowers.