PRESS DIGEST - Wall Street Journal - March 28

Thu Mar 28, 2013 3:25am EDT
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March 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* Some of the largest global banks lodged an unusual legal protest to overturn rulings that they said could limit their ability to beat back multibillion-dollar lawsuits filed two years ago by the federal regulator for Fannie Mae and Freddie Mac. ()

* A U.S. bankruptcy judge said it would be "inappropriate" to approve a $20 million exit package for the outgoing chief executive of American Airlines parent AMR Corp, calling it his only "hang-up" as he cleared the way for a merger with US Airways Group Inc. ()

* Standard & Poor's Ratings Services wants to merge the 17 lawsuits piled against it - by state attorneys general who claim the firm churned out shoddy ratings before or after the financial crisis - into a single lawsuit in federal court. ()

* Cyprus's government raced on Wednesday to prepare for its banks' scheduled reopening after a two-week hiatus, announcing temporary capital controls to prevent deposits from fleeing the weakened institutions. ()