Government Involvement news from FierceFinance

Some might find this almost ironic. A group of former Countrywide executives, led by former CFO Stanford Kurland, have formed a new firm PennyMac, which aims to profit from distressed mortgage... Read more...

Apparently, talks between Citi and Morgan Stanley have progressed the last few days, and the Financial Times says a deal is imminent. For Citi, the benefits are clear: A capital boost of as much as... Read more...