AP - Bank of America Corp. is selling part of its stake in China's second-largest bank, China Construction Bank Ltd. said Wednesday, in a sale that could be worth up to $3 billion as the U.S. financial company raises money to cope with turmoil in its home market.
Bank of America sells $2.8 billion CCB stake (Reuters)
Reuters - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) on Wednesday, dragging the Chinese bank's stock 5 percent lower.
Fed and other agencies to join U.S. fraud task force (Reuters)
Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.
Leading Democrat offers mortgage aid bill (Reuters)
Reuters - The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures.

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