Reuters - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. […]
AP - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities. […]
Reuters - The Obama administration on Friday expanded its main foreclosure prevention program and pushed to open it up to loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator. […]