Archive for January 20th, 2010
Obama to Propose New Limits on Banks
Obama on Thursday is expected to propose new limits on the size and risk taken by the biggest U.S. banks in what could mark a return – at least in spirit – to some of the curbs put in place during the Great Depression.
FHA plans to require borrowers to produce more cash for down payments
The Federal Housing Administration plans to increase the amount of up-front cash paid by all new borrowers and to require higher down payments from those with the poorest credit, according to agency officials.
GenVec, Novartis ink deal for hearing-loss remedy
GenVec of Gaithersburg, which last year was in danger of having its stock delisted, announced Tuesday that it has inked a deal with Swiss drugmaking giant Novartis to license its early-stage work aimed at reversing hearing loss.
