FT.com - Serious fallout from the US subprime mortgage market to wider financial markets "still appears to be a low-probability event", according to the latest global financial stability assessment from the International Monetary Fund.

AP - New York Attorney General Andrew Cuomo said he will announce a settlement with a 'significant' student lender Wednesday as a probe into a college loan scandal continues to broaden.

Reuters - Tougher lending standards that will follow the current subprime mortgage crisis will slow the U.S. housing market's recovery, a leading association of real estate professionals said on Wednesday.

AP - The nation's largest student-loan provider will alter its business practices and pay $2 million into a fund to educate students and parents about the financial aid industry as part of a settlement in a widening probe of the student loan industry.

Reuters - Financial aid season is in full swing, and parents of campus-bound students have only a few weeks left to line up their best deals, or start finding alternative sources of cash for the fall.

FT.com - Moody's Investors Service is set to impose tighter rating standards for securities backed by US commercial mortgages amid a steady deterioration in loan underwriting quality in recent years, the ratings agency said yesterday.

AP - The nation's largest student loan provider will stop offering perks to college employees as part of a settlement announced Wednesday in a widening probe of the student loan industry.