U.S. Secretary of State John Kerry appealed to Israelis and Palestinians to put aside their rancor and work out a peace agreement after mediation efforts failed to resolve the conflict over a scheduled prisoner release.
Israel plans to move ahead with construction of about 2,000 homes in West Bank settlements and Jerusalem, Prime Minister Benjamin Netanyahu announced in the wake of Palestinian membership in Unesco.
Any Israeli effort to set permanent borders for the West Bank and bypass further negotiations “will only form the basis for a new conflict,” a senior Palestinian official said today.
The U.S. said it will maintain financial aid to the Palestinian Authority even under a new government backed by the Islamic Hamas movement, earning a rebuke from Israel.
Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities.