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Oct. 6 (Bloomberg) -- Countrywide Financial Corp. , the home mortgage lender acquired by Bank of America Corp. in July, will offer interest rate and loan principal reductions plus other distressed borrower relief valued at $8.4 billion to settle consumer fraud complaints from 11 states.
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Lehman Brothers ’ bankruptcy, which could put as many as 4,000 workers in London's Canary Wharf out on the street, is another blow to a fragile UK economy that is heavily dependent on the financial services sector and already teetering on the brink of recession.