March 11 (Bloomberg) -- Fannie Mae and Freddie Mac would be eliminated and private interests would be on the hook for the first 10 percent of mortgage losses under a bill leaders of the Senate Banking Committee plan to introduce within days.
New York - US stocks were set for a flat open on Tuesday after a slight decline in the prior session left the S&P 500 within striking distance of its recent record high and amid investor caution as tensions in Ukraine continued.
NEW YORK (Reuters) - Major world equity markets were mostly steady on Tuesday, the euro edged down and gold rose as traders kept a wary eye on tensions between Ukraine and Russia and the pace of growth in China.
By Jamie McGeever and David Milliken. LONDON, March 11 (Reuters) - The Bank of England will overhaul the way it works with banks and financial markets as it faces criticism of its response to signs of possible manipulation of foreign exchanges rates.
Theres a good chance that Virtu CEO Vincent Viola will be the latest Wall Street CEO to hit billionaire status. Viola, the founder�and majority shareholder�of New York high-frequency market maker, Virtu, stands to make a fortune as his firm readies to go ...