The US Federal Reserve has approved a measure to relieve the country's last two major investment banks.
The Fed approved a request to change the status of Goldman Sachs and Morgan Stanley to holding companies, which would bolster their liquidity by allowing them to create commercial banks. The change in status would open the Wall Street giants to regulation by Composer Mauricio Kagel Dies at 76 in Germany ...
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New home planned for quake pandas ... the US central bank, but also allow them access to Federal Reserve support. The move is the latest initiative to combat the global credit crisis. On the weekend, the US government announced a 700 billion dollar plan to tackle the worst financial crisis since the Great Depression.
(Deutsche Welle)
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