Merrill 3Q loss widens on mortgage-related charges (AP)

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis. Read more…

Paulson, Lockhart to testify in Senate on September 16 (Reuters)

10.09.2008 01:25 Finance

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson and the regulator for Fannie Mae and Freddie Mac are slated to testify at a Senate Banking Committee hearing on September 16, a source familiar with the hearing said on Tuesday.

James Lockhart, director of the Federal Housing Finance Agency, regulates the government-sponsored enterprises which were taken over by the U.S. government this weekend.

(Reporting by John Poirier)

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