Mayor Says Providence Could Face Bankruptcy without Retiree Benefit Cuts, Nonprofit Payments
Providence, R.I., Mayor Angel Taveras painted a bleak picture yesterday of the city's finances, saying that Providence faces "devastation" and could go bankrupt if retiree benefits are not cut and tax-exempt institutions like Brown University do not pay more in lieu of taxes… Read More

Geithner: Systemically Important Financial Institutions to Be Named by Year's End
Treasury Secretary Timothy Geithner offered a spirited defense of financial reform yesterday, saying that the Financial Stability Oversight Council he chairs will begin naming by the end of the year which non-bank financial institutions are systemically important… Read More

Nationwide Title Clearing Sued by Illinois over Foreclosure Documents
Illinois Attorney General Lisa Madigan sued Nationwide Title Clearing Inc., a Florida company she claims caused the filing of faulty documents with county clerks… Read More

Foreclosure Agreement Deadline for States Postponed to Feb. 6
The Iowa Attorney General's Office said yesterday that the deadline for states to decide whether to join a proposed nationwide foreclosure settlement with banks was delayed to Feb. 6 from Feb. 3… Read More

MF Futures Customers Compete to Lead Lawsuit against Corzine
MF Global Inc. futures customers are competing to lead a lawsuit against Jon Corzine, the parent company's former chief executive officer, over the alleged theft of $1.2 billion of their assets… Read More