June 9 (Bloomberg) — Corporate bond liquidity would be improved by trading the securities via exchanges, according to Paul Tucker , the Bank of England’s deputy governor for financial stability.

June 9 (Bloomberg) — Bank of America Corp., already on the hook to the U.S. government for $45 billion, has another bill to worry about: Angelo Mozilo’s legal fees.

June 9 (Bloomberg) — Deutsche Bank AG , Germany’s biggest bank, cut its stake in Foster’s Group Ltd. to below the 5 percent “substantial” threshold after selling some shares.

June 9 (Bloomberg) — South Africa’s central bank appointed Daniel Mminele as deputy governor, filling the post left vacant by Ian Plenderleith, who retired at the end of 2005.

A Bank of England official on Tuesday urged banks to resist any temptation to sit out the recession but to provide the capital needed to put the economy on the road to recovery.

Bank stress tests should be repeated if the U.S. unemployment rate rises beyond levels assumed by regulators in a recent round of examinations that provided relief to markets, according to a report released by a bailout watchdog panel on Tuesday.

Two Bank of America directors resigned and four new ones more were named.

Bank of America disclosed late Monday that two more directors resigned from its board, bringing the total to five who have left since April.

The IMF and World Bank said on Monday the path to global economic recovery is rife with risks and the onus is on policymakers to avoid runaway inflation and other pitfalls that could derail the process.

(Corrects to show no additional board resignations are imminent in the fourth paragraph.) June 8 (Bloomberg) — Bank of America Corp ., the lender that accepted $45 billion in U.S. rescue funds, said Jackie M.