Bernanke

Federal Reserve Chair man Ben Bernanke warned that a failure to lift the government’s $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America’s creditworthi ness.

Conn.-Citi

Connecticut Attorney General George Jepsen is seeking information from Citigroup about a data breach in May that af fected 200,000 customers.

Merrill probe

The SEC is is probing Merrill Lynch in connec tion with the sale of a complex mortgage-re lated security it devel oped for the Illinois hedge fund Magnetar, the Financial Times reported.

New card

American Express is of fering a low-cost prepaid card that’s exempt from new US caps on debit- swipe fees.

Jiau trial

At the trial of ex-Pri mary Global Research consultant Winifred Jiau, Jason Pflaum, a former analyst at Barai Capital Management, testified that after the arrest of Galleon Group co- founder Raj Rajaratnam he destroyed files of in side information.