U.S. stocks erased losses as the Obama administration said it will relax rules on a mortgage- modification program and optimism grew that Greece will reach a debt-restructuring agreement with bondholders. The euro climbed for a fifth day. Treasuries and commodities rose.
Lehman Brothers Holdings Inc. investors traded $32.4 billion of the defunct investment bank’s debt last year as a hearing on its plan to pay creditors approached, according to a report.
A proposed multistate settlement to resolve probes of flawed foreclosure practices won’t release banks from criminal liability, according to a person briefed on the talks.
