Rights Offering is Centerpiece of Aleris' Bankruptcy Exit Plan
Aleris International Inc. has rolled out a reorganization plan centered on a $690 million backstopped rights offering of equity and debt… Read More

Dodd Moving on Financial Regulatory Overhaul without Shelby
Senate Banking Chairman Christopher Dodd (D-Conn.) announced on Friday that he will move forward with a revamp of the nation's financial regulatory system without the support of Banking Committee ranking member Richard Shelby (R-Ala.)...Read More

Lehman Brothers Examiner Ends Probe of Collapse
The court-appointed examiner investigating the collapse of U.S. investment bank Lehman Brothers Holdings Inc. revealed in court documents yesterday that he has completed his probe and is ready to file a report with the court...Read More

U.S. to Continue Oversight of Fannie Mae and Freddie Mac to Carry Out Mortgage Relief Programs
Federal overseers have instructed Freddie Mac CEO Charles E. Haldeman Jr. to focus on something that isn't likely to make the bleak balance sheet of the mortgage giant look any better: carrying out the Obama administration plan to allow defaulted borrowers to hang onto their homes… Read More

Editorial: Harrisburg Faces Tough Financial Choices, Including Chapter 9
Unless drastic measures are taken, it is almost certain there will not be enough money to pay the Harrisburg, Pa.'s upcoming debt payments March 1 or April 1, according to an editorial in the Harrisburg Patriot-News on Friday… Read More