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After hitting a 10-year high in late 2007, Hong Kong's property bubble has started to cool. But analysts expect the property market to pick up at the end of the year. CNBC's Emily Chan reports.
Former Treasury Secretary Henry Paulson stands by his and others actions in the Bank of America/Merrill Lynch deal.
CIT Group says discussions with regulators have ceased, and near-term government support is unlikely. CNBC's David Faber has the details.