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UPDATE 2-Romney demands Obama apology over Bain attacks

WASHINGTON, July 13 - Republican presidential candidate Mitt Romney struck back on Friday against attacks over his business record that are pulling him further away from his campaign message that the White House is mishandling the economy.

UPDATE 3-Visa, MasterCard, banks in $7.25 bln retail settlement

NEW YORK, July 13 - Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.

INSIGHT-PFGBest regulator known for inexperienced auditors

WASHINGTON/CHICAGO, July 13 - The watchdog that missed for nearly two decades the blatant fraud at failed brokerage PFGBest has frequently sent out fresh college graduates to look over the books of complex financial firms, people familiar with its operations say.

UPDATE 6-With ego too big to fail, Iowa broker admits 20yr fraud

* Federal complaint alleges false statements from 2010-2012

UPDATE 1-Broker scandals demand futures industry reform, CME says

* CME questions whether brokers should hold customer money

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Will the Wells Fargo settlement affect your mortgage?

WASHINGTON - Wells Fargo & Co agreed to pay $175 million to resolve allegations by the U.S. Justice Department that it discriminated against qualified African-American and Hispanic borrowers in its mortgage lending.

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Funds News

UPDATE 1-Romney demands Obama apology over Bain attacks

WASHINGTON, July 13 - Republican presidential candidate Mitt Romney demanded President Barack Obama apologize on Friday for his campaign's assault over Romney's time at a private equity firm that outsourced U.S. jobs, as he tried to recover from a week-long pounding on the issue.

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