UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan (Fox News)

UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan

UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan (Nasdaq)

LONDON -(Dow Jones)- A key committee of U.K. lawmakers has urged the government to provide greater clarity on its debt-reduction plans, adding to the pressure on the treasury to step up its fiscal-consolidation efforts.

Argentina Files Annual SEC Report As Part Of Debt Plan (Nasdaq)

BUENOS AIRES -(Dow Jones)- The Argentine government filed an annual report with the U.S. Securities and Exchange Commission Tuesday as part of a requirement to restructure billions of dollars in defaulted debt.

Debt Collection Report Shows Consumer Agency Needed -Sen Levin (Nasdaq)

WASHINGTON -(Dow Jones)- A congressional report detailing abuses by debt collectors demonstrates the need for a new consumer financial protection agency, said Sen. Carl Levin, D-Mich., Wednesday.

Prospect of Fewer Clients Leaves Trust Banks Unfazed (Financial Planning.com)

Ronald Logue’s clients are merging, and he doesn’t much care. As chairman and chief executive of State Street Corp., Logue’s business is asset-servicing and management. These clients are joining in a swell of consolidation expected to gain further momentum.

ECOFIN: "Substantial" Fiscal Consolidation Is Required (Nasdaq)

LUXEMBOURG -(Dow Jones)- European Union finance ministers agreed Tuesday that the bloc’s member states need to restore sound public finances once the extraordinary support they have provided to their economies is withdrawn.

UPDATE: Ameritrade CEO: 1 Or 2 Opportunities For Consolidation (Nasdaq)

NEW YORK -(Dow Jones)- TD Ameritrade Holding Corp. (AMTD) Chief Executive Fred Tomczyk said he sees one or two major opportunities for consolidation within the online brokerage industry.

UPDATE: E.ON 2Q Net Profit Beats Expectations, Lifts 09 Outlook (Nasdaq)

FRANKFURT -(Dow Jones)- E.ON AG (EOAN.XE), Germany’s largest utility by market value, Wednesday reported above-expectations net profit for the second quarter, helped by the first-time consolidation of new assets in Italy, Spain and France, as it slightly raised its full-year earnings guidance.

DJ Anglo American CFO: Expects Debt Level To Rise From 1H | MINING …

(Dow Jones Commodities News via Comtex) — AAUKD | Quote | Chart | News | PowerRating — Anglo American PLC’s (AAUK) debt will likely rise from mid-year lev.

Debt Reduction – Emergency Fund Savings – The Balanced 75/25 …

Instead of putting all my eggs in one basket, I like to diversify and balance my debt repayment with my personal savings.