After Argentine President Mauricio Macri comes second in Argentina's primary elections, the country's peso loses 15% of its value against the US dollar.
Overnight, protesters forcibly storm the Argentine embassy in Santiago and set it on fire because of the Argentine government's support for President Sebastián Piñera. Ambassador José Octavio Bordón is unharmed and now considering moving the embassy.
For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae.