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Wachovia's Steel Ran Out Of Time Amid Mortgage Losses (update3) - Bloomberg
sept. 30 (bloomberg) -- wachovia corp. chief executive officer robert steel was forced to sell the bank's consumer business to citigroup inc. for $1 a share just 80 days after pledging to win back shareholders' confidence. ``it was obvious he was ...
www.bloomberg.com

Citigroup To Buy Banking Business Of Fourth-largest Wachovia
new york - us banking giant citigroup inc will buy the bulk of the operations of fourth-largest bank wachovia corp, the latest consolidation move under government watch in the ongoing credit crisis. citigroup will buy the banking business of wachovia...
www.earthtimes.org

"banking Crisis Strengthened Acm Online Trading Business" Says Bang, Managing Director Of The Swiss Online Broker Acm ...
when asked how the current financial crisis impacted acm's business, managing director, nick bang said: "the current turmoil in the financial, and mostly banking sector, generated huge volatility in the market.
biz.yahoo.com

Banking Crisis: Wachovia Is Sold As Depositors Flee - Washington Post
the sale of wachovia 's banking business to citigroup yesterday marked the second time in five days that a major u.s. bank was forced from existence in part by fleeing depositors, raising serious questions about the stability of other financial firms ...
www.washingtonpost.com

Fdic Urges Temporary Boost In $100,000 Cap On Insured Bank Deposits - Baltimore Sun
washington (ap) _ the agency that protects u.s. bank deposits is asking congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis. federal deposit insurance corp. chairwoman sheila bair ...
www.baltimoresun.com

Citigroup Agrees To Buy Wachovia's Banking Business (update7)
sept. 29 (bloomberg) -- citigroup inc. , the biggest u.s. bank by assets, will acquire banking operations of wachovia corp. for about $2.16 billion after shares of the north carolina lender collapsed under the weight of overdue mortgages .
www.bloomberg.com

Citigroup Agrees To Buy Wachovia's Banking Business (update2)
sept. 29 (bloomberg) -- citigroup inc. , the biggest u.s. bank by assets, will acquire the banking operations of wachovia corp. , rescuing the charlotte, north carolina-based lender beset by mortgage losses for more than $2 billion in stock.
www.bloomberg.com

Moscow To Lend $50bn To Indebted Business - Financial Times
russia announced new measures to stave off a liquidity crisis on monday as vladimir putin, the russian prime minister, said a state-controlled bank would extend $50bn (€34.7bn, £27.7bn) in loans to help the country’s debt-laden companies and ...
www.ft.com

Bank-to-bank Lending Rates Jump After House Vote Against Bailout; T ... - Newsday
new york (ap) _ stocks are rebounding and a new bailout package could be coming soon, but the credit markets — where day-to-day borrowing occurs to keep the gears of the economy turning — are still stuck. even relatively healthy businesses are ...
www.newsday.com

Citigroup Agrees To Buy Wachovia's Banking Business (update4)
sept. 29 (bloomberg) -- citigroup inc. , the biggest u.s. bank by assets, will acquire banking operations of wachovia corp. for about $1.6 billion after shares of the north carolina lender collapsed under the weight of overdue mortgages .
www.bloomberg.com

(afx Uk Focus) 2008-09-30 21:03 Update 1-wachovia Says Is Well Capitalized To Back Business
new york, sept 30 (reuters) - wachovia corp said on tuesday it remained well capitalized to back its business, one day after the financial group sold its vast banking operations to citigroup inc. as part of the deal, wachovia -- formerly the sixth-largest u.s. bank by assets -- remains a public company and retains asset management unit evergreen investments, brokerage wachovia securities, and ...
www.iii.co.uk

750 Jobs Axed At Failed Bank - Epping Forest Guardian
around 750 jobs have been axed by the administrators of collapsed investment bank lehman brothers' european arm. pricewaterhousecoopers (pwc) said the "majority" of the job losses were in london, and blamed the cull on "the necessary restructuring ...
www.guardian-series.co.uk

Fallout For Dutch-belgian Bank - Der Spiegel
fallout for dutch-belgian bank with bailout, fortis is back where it started by heleen de graaf and philip de witt wijnen with the forced sale of its netherlands activities of abn amro, dutch-belgian banking and insurance company fortis will be back ...
www.spiegel.de

Citigroup To Buy Banking Business Of Wachovia - Summary
new york - us banking giant citigroup inc will buy the bulk of the operations of fourth-largest bank wachovia corp for about 2.16 billion dollars, the latest consolidation move under government watch in the ongoing credit crisis. citigroup will buy t...
www.earthtimes.org

Citigroup Agrees To Buy Wachovia's Banking Business
citigroup inc., the biggest u.s. bank by assets, agreed to buy the banking operations of wachovia corp., the charlotte, n.c.-based lender beset by mortgage losses and a 74 percent drop in market value this year. wachovia is the biggest bank in monmouth and ocean counties, according to the federal deposit insurance corp., with over $4.3 billion in deposits and 62 branches. citigroup will absorb ...
www.app.com

Barclays Relaunches Lehman's Equity Trading Unit - Boston Globe
new york— barclays capital, the investment banking division of barclays bank plc, said tuesday it relaunched lehman brothers' u.s. equity trading and research unit under the barclay capital name. sales and trading activity also has been relaunched ...
www.boston.com

European Governments Bailout Dexia - News.com.au
dexia became the latest european bank to need a bailout overnight, with belgium, france and luxembourg pumping billions into the group to avoid the financial crisis claiming another victim. the three governments agreed to take control of the ...
www.news.com.au

Bradford Deal Will Transform Uk Banking
the deal to nationalise bradford & bingley and sell its savings and branch network to a spanish bank has transformed the landscape of uk banking. the sale after 12 hours of talks, spanish bank santander finally agreed to buy bradford & bingley's £21bn savings business and branch network for about £600m.
www.theherald.co.uk

W.va. Banks Able To Avoid Nation's Banking Crisis
wall street's problems apparently aren't affecting main street west virginia. representatives of the state's banking industry say they are still making loans and business is brisk.
biz.yahoo.com

Bailout Revival Sought; Better Deposit Safety Seen - Seattle Post Intelligencer
washington -- congressional leaders, president bush and the two rivals to succeed him rummaged through ideas new and old tuesday, desperately seeking to change a dozen house members' votes and pass a multibillion-dollar economic rescue plan. at the ...
seattlepi.nwsource.com