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Banking and Credit |
| by Banking News |
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| AIG, U.S. Federal Reserve to terminate some debt obligations |
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AIG, U.S. Federal Reserve to terminate some debt obligations By: 7:50 AM CHARLOTTE, N.C. - American International Group Inc.
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| Ohio Congressman Opposes Bank Merger |
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Congressman Dennis Kucinich has sent a letter to the vice president of the Federal Reserve Bank of Cleveland opposing the merger of National City Corp.
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| Calls Mount For Rate Cut By European Central Bank |
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Calls mount for rate cut by European Central Bank; Report and analysis by Chris Burns of Bloomberg News
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| Merrill Lynch Is Said to Reduce Year-End Bonuses by 50% as Revenue Slumps |
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Merrill Lynch & Co. plans to cut year- end bonuses in half after more than $20 billion of losses that forced the U.S. securities firm to sell itself to Bank of America Corp.
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| School District Seeks Bailout |
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A financially ailing Ohio school district has joined the ranks of banks and automakers clamoring for a portion of the $700 billion economic bailout package.
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| Citigroup to offer $5.5 billion in debt |
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NEW YORK - Citigroup Inc. said Tuesday it will raise $5.5 billion through a debt offering under the Federal Deposit Insurance Corp.'s temporary guarantee program.
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| Scotiabank takes $642-million hit |
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Profit was $315-million, or 28 cents a share, compared to $954-million, or 95 cents a share, in the same quarter last year.
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| Credit Suisse: Not aware of U.S. probe into offshore arm |
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Tuesday denied a report that U.S. authorities have widened a probe into offshore tax evasion to include the Swiss bank.
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