Wall Street - Deals & Finance

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U.S. Sets Money-Market Plan
The SEC is finalizing a proposal to shore up the money-market fund industry, more than three years after Lehman's collapse sparked a panic that threatened the savings of millions.
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Julius Baer Expects Fine in Tax Probe
Julius Baer, Switzerland's largest private bank, said it expects to pay a fine as a result of a U.S. campaign to track down Americans with assets hidden overseas, as it reported a decline in full-year net profit.

For Sale: AIG's Subprime Bonds
Five Wall Street banks have been invited by the New York Fed to bid for a multibillion-dollar bundle of risky mortgage bonds it owns as a result of its 2008 rescue of AIG.

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Some European Banks Shun ECB Loans
The lenders are fearful of being perceived as bailout recipients that could subject them to potential political or regulatory interference.
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Greece to Cut Public-Sector Jobs
Greece has agreed to lay off 15,000 public-sector workers by the end of 2012, as international pressure mounts on Athens to agree on austerity measures needed to secure major new debt agreements.

An inside look at Wall Street from WSJ Blogs

Deal Journal
Meet Glencore Xstrata PLC
Glencore and Xstrata finally announced the terms of their tie-up on Tuesday morning. They are pretty much in line with expectations, though some may be disappointed that the two companies have chosen not to adopt a more exciting name such as Glenstrata or XCore.
Deal Journal
Ex-Goldman Banker Joins Noble as CEO
Giant raw material trader Noble Group Ltd. appointed former Goldman Sachs Group Inc. banker Yusuf Alireza as chief executive, ending months of speculation after the dramatic exit of Ricardo Leiman.
Deal Journal
Bakries Hope Brisbane Roar Will Be Heard in Asia
Deal Journal
A New Normal for Energy?
Deal Journal
Citi Better Hike Its Dividend, or the Prince Will Start Asking
Deal Journal»

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Dollar's China Conundrum
Pessimism about the outlook for yuan appreciation may make sense, but there is at least one variable at work that is outside Beijing's control: the value of the dollar.
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Lazard Pays for Previous Largess
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With Verizon, a Coinstar Is Reborn