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Bernanke: Fed didn't act improperly on Merrill

WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke on Thursday defended the central bank's involvement in Bank of America's controversial acquisition of Merrill Lynch, saying the Fed didn't apply any undue pressure to complete the merger.more»

Citi to pay fatter salaries, thinner bonuses

NEW YORK (MarketWatch) -- Citigroup Inc. is joining other big banks in beefing up salaries and shifting away from bonuses amid criticism that skewed incentives in the industry partly caused the financial crisis.more»

US Housing market continues to weaken: report

The U.S. residential real estate market is caught in the worst correction in decades with few reasons to be optimistic as the economy worsens, according to a key housing report released Monday.more»

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