Friday, August 5

Breaking News This Morning ... Fannie Mae Loses $2.9B in 2Q: The government-sponsored enterprise has asked the Treasury for another $5 billion of aid. Receiving Wide Coverage ... Cash Is Really King Now: As the markets tanked again amid mounting global economic fears, Bank of New York Mellon told large institutional customers it would charge them a 13 basis point fee simply for holding deposits of more than $50 million. According to the Journal, a letter to these...