UPDATE - Germany unaware of Greek bailout, EU says no deal done (at Reuters)
Sat, 13 Mar 2010 10:56:50 UTC
* Paper reports euro zone agrees bailout plan for Greece * German FinMin says unaware of such a plan * European Commission says no deal has been concluded

Fed Helped Bank Raise Cash Quickly (at New York Times)
Sat, 13 Mar 2010 05:21:33 UTC
Lehman Brothers engaged in a series of transactions with the New York Fed that were similar to the ones that drew criticism from the bankruptcy court examiner who investigated its collapse.

Its Own Advisers Oppose Consumer Role for the Fed (at New York Times)
Sat, 13 Mar 2010 04:16:33 UTC
Some current and former members of the Fed’s Consumer Advisory Council say a watchdog agency doesn’t belong in there.

Week Ahead: Stocks Could Stay Stalled Until After Fed Meeting (at CNBC)
Sat, 13 Mar 2010 02:03:52 UTC
Stocks may have a hard time finding traction ahead of the Fed s Tuesday meeting, but the trend for the market is clearly higher, strategists say.

Euro zone agrees bailout for Greece: report (Reuters)
Sat, 13 Mar 2010 01:02:05 UTC
The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday.

Summary Box: Obama mulls choices for Fed vacancies (AP)
Fri, 12 Mar 2010 22:24:16 UTC
RESHAPING THE FED: President Barack Obama needs to fill three vacancies at the Federal Reserve. Janet Yellen, president of the Federal Reserve Bank of San Francisco, is his top pick to be vice chairman.

Yellen at Fed would likely favor low-rate policy (AP)
Fri, 12 Mar 2010 22:17:42 UTC
President Barack Obama s likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation.

Fed advisers urge stand-alone U.S. consumer agency (at Reuters)
Fri, 12 Mar 2010 21:59:42 UTC
A group of current and former advisers to the Federal Reserve on consumer-related issues on Friday urged the importance of an independent consumer protection agency, as part of U.S. financial regulatory reform.

Yellen leads picks for Fed seat (Reuters)
Fri, 12 Mar 2010 21:59:03 UTC
San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama s list to be No. 2 at U.S. central bank, the White House said on Friday.

CORRECTED - UPDATE - Yellen, 2 others lead picks for Fed (at Reuters)
Fri, 12 Mar 2010 21:51:52 UTC
* White House confirms Yellen considered for No. 2 at Fed