ALSO NOTED: Goldman Sachs to launch house-price products; Bank of America acknowledges illicit funds moved through branch; and

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Company News:
> Goldman Sachs launching house price products. Article
> Wachovia creating wholesale-lending unit. Article
> JPMorgan fares well in hedge funds. Article
> Piper Jaffray downgraded. Article

Regulatory News:
> China mulls bid for bank. Article
> Amex fines specialists $2.6 million. Article
> Bank of America acknowledges illicit funds moved through branch. Article

And Finally... New email system leaves no traces. Article