Ex-Credit Suisse workers face charges in subprime case: sources (Reuters)
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Reuters - U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
GM, AIG shares slides to add $23 billion to deficit (Reuters)
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Reuters - Just when Americans have largely forgotten about the Treasury's controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government's deficit.
Richest Fed officials worked in finance (Reuters)
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Reuters - It's hardly a huge surprise: those Federal Reserve officials that made careers in the financial sector are much wealthier than their colleagues, according to new disclosures on Tuesday.
Skepticism rises around SEC fiduciary rule (Reuters)
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Reuters - Financial industry observers are increasingly skeptical that the U.S. Securities and Exchange Commission's planned proposal to require a uniform fiduciary standard for all financial advisers will become a reality this year, if ever.



January 31st, 2012