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Banking and Loans

by Banking News
JPMorgan, Citigroup Helped Cause Lehman's Collapse

JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holding Inc.

Dow, up 45 . . . S&P, up 4 . . . NASDAQ, up 10

A rally in financial stocks Thursday helped the market extend its grind higher to a third day.

Fed Shoulders AIG Loan Losses in Sale of Unit to MetLife: Video

March 11 -- Bloomberg's Hugh Son talks with Erik Schatzker about the Federal Reserve Bank of New York and American International Group Inc.'s agreement to shoulder as much as $450 million in losses tied to the insurer's Japan real estate bets as part of the sale of a division to MetLife Inc.

MarketWatch First Take: Pandit's Citi forecast comes with footnotes

In one way, Vikram Pandit is doing what a good chief executive should: talking up his company.

HSBC Private Bank Says Data Were Stolen on 15,000 Accounts in Switzerland

HSBC Holdings Plc 's Swiss private bank said a former employee stole details on 15,000 existing accounts, as banking secrecy comes under growing pressure from nations keen to crack down on tax evasion.

Apollo Management Is Said to Have Agreed to Buy Citigroup Real Estate Unit

Apollo Management LP agreed to buy Citigroup Inc.a s real estate investment unit, according to a person with knowledge of the deal.

Spurned Delta considers other airlines for alliances

Delta Air Lines Inc., still smarting from its failed bid to lure Japan Airlines into a partnership, is talking to other carriers about expanding its global alliances, a senior executive said Tuesday without citing specifics.

Washington Federal Warrants Bring $15.39 Million

The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc.

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