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Mass. Regulator Subpoenas UBS, Merrill, BofA

BOSTON (Reuters) - Massachusetts' top securities regulator said on Friday that his office was demanding information from three large investment houses as he deepens a probe into the $330 billion

Fannie and Freddie Free to Set Size of Capital Raise

NEW YORK (Reuters) - Fannie Mae <FNM.N> and Freddie Mac <FRE.N> regulator on Friday said it is up to the housing finance companies to determine how much money they must

Clear Channel Documents Reveal Credit Proposal

NEW YORK (Reuters) - Court documents related to the fight between buyers and banks over the $20 billion buyout of U.S. radio operator Clear Channel Communications Inc <CCU.N>, obtained by

U.S. Seeks Enhanced Financial Authority For Fed

WASHINGTON (Reuters) - The U.S. Treasury Department will propose on Monday that the Federal Reserve be given sweeping new powers that would make it chief regulator with authority to require

Judge Says Ex-Bear Exec Can’t Join Morgan Stanley

NEW YORK (Reuters) - A U.S. federal judge has temporarily blocked a former senior Bear Stearns Cos <BSC.N> executive from jumping to Morgan Stanley <MS.N> and recruiting clients and colleagues

Price Stability Should Remain Key: Fed’s Plosser

CAPE TOWN (Reuters) - The best way for central banks to foster sustainable economic growth and prevent instability is to keep inflation under control, Philadelphia Federal Reserve President Charles Plosser

Stimulus to Create Up to 600,000 Jobs: Paulson

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help

Citi Says Lehman Has Ample Liquidity

(Reuters) - Lehman Brothers Holdings Inc <LEH.N> has ample liquidity to run its business and will generate positive earnings and grow book value per share this year, said Citigroup analyst

Mortgage Rate Freeze Not Good Idea: OFHEO Chief

WASHINGTON (Reuters) - There are signs of improvement in U.S. housing markets but the idea of freezing mortgage rates for a period of time would be a mistake, the director

BHP Billiton to Phase Out Standard Bank Business

JOHANNESBURG (Reuters) - Mining group BHP Billiton <BHP.AX> <BLT.L> will phase out annual business with Standard Bank <SBKJ.J> in the first corporate spat brought on by South Africa's power crisis.