UPDATE 3-US bank regulators in pact with mortgage lenders * Lenders agree to compensate those wrongly foreclosed * Would also overhaul mortgage servicing practices * Fines still to be determined * Banks still face state AGs probe (Adds FDIC statement, analyst … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance New [...]

Paul Calello, Credit Suisse Investment Bank Head, Dies Paul Calello, who as head of Credit Suisse Group AG’s investment bank managed the unit through the financial crisis and helped build the company’s operations in Asia, died today. He was 49. Read more on BusinessWeek