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Probe Into Big Banks Widens

Federal prosecutors are looking into whether banks misled investors about their roles in mortgage-bond deals. Targeted banks include Citi, JPMorgan Chase, and UBS. At the same time, New York's Attorney General is launching a separate probe of whether some banks misled ratings agencies.

Insurers Feeling the Urge to Merge in 2010

After a painful 2008, insurance companies have made a comeback, with plenty of cash on their balance sheets. As a result, mergers and acquisitions will likely dominate the insurance and reinsurance market in 2010.