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Banking and Credit |
| by Banking News |
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| JPMorgan, Citigroup Helped Cause Lehman's Collapse |
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JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holding Inc.
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| Dow, up 45 . . . S&P, up 4 . . . NASDAQ, up 10 |
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A rally in financial stocks Thursday helped the market extend its grind higher to a third day.
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| Fed Shoulders AIG Loan Losses in Sale of Unit to MetLife: Video |
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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.
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| MarketWatch First Take: Pandit's Citi forecast comes with footnotes |
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In one way, Vikram Pandit is doing what a good chief executive should: talking up his company.
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| HSBC Private Bank Says Data Were Stolen on 15,000 Accounts in Switzerland |
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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.
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| Apollo Management Is Said to Have Agreed to Buy Citigroup Real Estate Unit |
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Apollo Management LP agreed to buy Citigroup Inc.a s real estate investment unit, according to a person with knowledge of the deal.
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| Spurned Delta considers other airlines for alliances |
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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.
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| Washington Federal Warrants Bring $15.39 Million |
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The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc.
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