Bernanke: Fed didn't act improperly on Merrill

Date: Thursday, June 25, 2009
Bernanke: Fed didn't act improperly on Merrill

Fed Chairman Ben Bernanke defends the central bank's involvement in
Bank of America's controversial acquisition of Merrill Lynch, saying
the central bank.
acted with integrity and did not apply any undue pressure to complete the
merger.

BERNANKE TESTIMONY ON MERRILL DEAL

Here is Fed Chairman Ben Bernanke's prepared testimony on Bank of
America's acquisition of Merrill Lynch.

AIG GETS FED APPROVAL FOR INTERNATIONAL LIFE IPOS

American International Group receives approval from the Federal
Reserve Bank of. New York for the initial public offering of two of
its international
life-insurance divisions. Taxpayers stand to recoup $25 billion.

A MORE UPBEAT FED STAYS COURSE ON POLICY

The Federal Reserve issues its most positive statement about the
economy in recent memory, saying that the downturn is slowing and
deflation is no longer a big threat.

JOBLESS CLAIMS JUMP TO HIGHEST LEVEL SINCE MID-MAY

First-time filings for state unemployment benefits register an unexpected
increase in the latest week, reaching 627,000 and reclaiming the
highest level for this key economic benchmark since the middle of May,
Labor Department data show. Initial filings falling below 600,000
would be considered a signal that
the recession may be coming to an end.