Texas tycoon Sam Wyly has filed for bankruptcy, saying he does not have the assets to pay the nearly $300 million that U.S. regulators are demanding for his role in a fraudulent offshore scheme.
The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion.
The regulator of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) said on Monday it was developing rules to let Americans buy homes with down payments as low as 3 percent, part of a push to boost access to credit.
China's M&A watchdog is getting much faster at approving both domestic and foreign deals, cutting legal costs for companies and marking a shift in the outlook of a regulator that has been a thorn in the side of bankers since its creation.
