Federal Reserve Board launching two separate reviews on examinations of big banks
Thu, Jul 4, 2013 9:43 AM EDT 0:54
Israel was warily watching events unfold in Egypt, trying to gauge what the sudden overthrow of Islamist President Mohammed Morsi would mean for relations with its neighbor. The United States raised its travel warning because of the political upheavals in Egypt and the possibility of lethal violence. Fireworks burst in the sky and green lasers waved overhead as millions of Egyptians celebrated the military's announcement that it was ousting Islamist Mohammed Morsi after four days of mass protests demanding his removal. Morsi was Egypt's first democratically elected leader but he drew the ire of many Egyptians who accused him and his Muslim Brotherhood of polarizing the country by trying to impose Islamist rule and failing to introduce reforms.