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Monthly financial news from USAIB
Lehman Bros files for bankruptcy
Monday, September 15, 2008 22:50 Local Time GMT
US investment bank, Lehman Brothers Holdings, filed for bankruptcy protection today, while Bank of America announced it will buy Merrill Lynch & Co in a $50bn all-paper deal, in the latest developments in the troubled US financial sector.
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US mortgage applications rise as interest rates drop
Thursday, November 13, 2008 22:25 Local Time GMT
U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday.
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