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Reuters - Wall Street’s attempt to recover further from 12-year lows faces its biggest test yet next week in the Treasury’s long-delayed bank rescue plan.
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Reuters - Proposed legislation to tax 90 percent of bonuses at companies receiving more than $5 billion in government funds is “unfair,” Bank of America Corp Chief Executive Kenneth Lewis said in a memo to employees on Friday.
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Reuters - Advisers representing General Motors Corp bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt restructuring talks.
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Reuters - The U.S. government will announce as soon as Monday a long-awaited plan to try to get bad assets off the books of banks, a cornerstone of its efforts to tackle the credit crisis, The Wall Street Journal reported.
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Reuters - Shares of Bank of America Corp and Citigroup Inc powered to multiweek highs on Wednesday on optimism over government efforts to stimulate lending.
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