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Wells Fargo steps up pace of mortgage relief
Performance among lenders involved in the Obama administration's loan modification program has varied greatly.
Star Tribune Friday, October 09, 2009

FDIC questions Citi management review: report
(Reuters) - The U.S. Federal Deposit Insurance Corp is questioning the positive conclusions given to Citigroup Inc's management team in a government-mandated review in the aftermath of the financial crisis, the wall street Journal said, citing people familiar with the situation.
Reuters Friday, October 09, 2009

Asia shares hit 14-month high, dollar rebounds
TOKYO (Reuters) - Asian shares hit a fresh 14-month high on Friday on optimism over U.S. earnings and the global economy, while the U.S. dollar got a reprieve after Federal Reserve Chairman Ben Bernanke indicated monetary policy would have to be tightened as a recovery takes hold.
Reuters Friday, October 09, 2009

Fed begins testing 'reverse repo' trades
The Federal Reserve has begun conducting small-scale tests of trades called 'reverse repos' on wall street that would enable it to drain cash from the financial system once it decides to roll back its current extraordinarily loose monetary policy
Financial Times Friday, October 09, 2009

Analysts split on QE as bank freezes interest rates again
OPINIONS were divided yesterday as to whether the Bank of England will pump more cash into Britain's slowly-recovering economy as interest rates were frozen for the sevent
Scotsman Friday, October 09, 2009

First results published by Stronachs show slide
STRONACHS, a law firm based in the north of Scotland, yesterday reported its first set of annual results in 200 years, showing a slide in turnover and profit per partner.
Scotsman Friday, October 09, 2009

Seymour Pierce fined £154,000 for employee's 3-year crime spree
INVESTMENT bank and stockbroker Seymour Pierce was yesterday fined £154,000 for failing to prevent an employee's three-year crime spree.
Scotsman Friday, October 09, 2009

The ties that bind
Companies in need of a turnaround are better off hiring an outsider than promoting from within, a study finds
The Globe and Mail Friday, October 09, 2009

The Fed's $2.2 trillion fire hose
The Federal Reserve threw a lot of money at the crisis to get the gears of the economy turning again, but it may soon be time to collect on the bill.
CNN Friday, October 09, 2009

Stocks cheer earnings
Stocks rallied Thursday, with the major indexes flirting with 2009 highs, after Dow component Alcoa posted better-than-expected earnings and a report showed an unexpected drop in jobless claims.
CNN Friday, October 09, 2009

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