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ALSO NOTED: NASDAQ launches new index; Cube Jr? ; More on Sallie Mae saga; and much more...

Company News:> More on Sallie Mae saga. Article > The Federal Home Loan Bank of Chicago may halt... Read more...

Liberty Bank and Trust saga continues

As many of you know, The New York Times has been chronicling the efforts of Liberty Bank and Trust as it tries to revive itself after Katrina. In this installment, it's clear that... Read more...

SPOTLIGHT: Katrina 401(k) debate

Should Katrina victims be able to draw on 401(k) funds? Congress approved legislation removing some redemption penalties and postponing five-year loan repayment time limits by up to 12 months. Some... Read more...

Feds may not guarantee muni bonds in Katrina's wake

Looks like the Bush Administration may deal a serious blow to what many investment bankers thought would be a great source of post-Katrina rebuilding funds: the bond market. US Treasury Secretary... Read more...

Bank stumbles in bid to recover from Katrina

So what's it like for a local bank to survive the disaster that was Katrina? Short answer: It's not easy. The New York Times, as many of you recall, is taking an ongoing look at the... Read more...

SEC discerns fraud in wake of Katrina

One legacy of Katrina may be a spike in securities fraud. The Securities and Exchange Commission expects a variety of schemes to bubble forth soon, according to MarketWatch. People may be... Read more...

Two Chicago hedge funds hit hard by energy trades

The fear of various hedge funds taking huge losses, which ripple through the market, is here to stay. So we can probably just get used to news item likes the following: Institutional Investor... Read more...

Fed hikes rate again, despite Katrina

Ending the suspense, the Federal Reserve hiked its federal funds rate again, the 11th time in a row. More are likely in the near future. In its lengthier-than-usual message, the Fed said Katrina... Read more...

Liberty Bank and Trust rebuilds after Katrina

Liberty Bank and Trust's missions as one of the country's largest black-owned banks has long been to serve New Orleans' northeastern quadrant, home to the city's black middle class. Katrina took a... Read more...

Will the Fed raise rates again? Answer unclear

For a change, there is a good deal of uncertainty about what the Fed will do this week. Before Katrina, it was a sure bet that Greenspan & Co. would have hiked rates again. Now? Who knows. You... Read more...