Fed to screen U.S. bank pay policies – WSJ

Pay policies for bank employees across the United States would require approval from the U.S. Federal Reserve as part of a proposal to curb risk-taking at financial institutions, The Wall Street Journal

UK’s Brown-IMF should help with self-insurance

British Prime Minister Gordon Brown said on Friday that the International Monetary Fund should have the means to help countries insure themselves against future crises and lessen the need for reserve accumulation.

Equity rally takes breather, dollar rises

Global equities fell on Friday as investors took stock of recent gains that pushed European and Asian markets to multi-month highs, giving a reprieve to the downtrodden dollar and shoring up government