Reuters - American International Group Inc may
become a smaller firm with hopefully many of its largest
insurance operations intact after assets are sold to pay back a
federal loan, new Chief Executive Edward Liddy told the Wall
Street Journal in an interview.
Reuters - Freddie Mac said on Thursday
it has yet to receive payments of more than $1.2 billion due
from Lehman Brothers Holdings , which went bankrupt
after the U.S. government refused to bail out the investment
bank.
Reuters - HSBC dropped a $6.3 billion
offer for 51 percent of Korea Exchange Bank (004940.KS),
blaming turmoil in financial markets and ending what would have
been the biggest cross-border move in South Korea's bank
sector.
Reuters - A radical U.S. taxpayer-funded plan
to restore confidence in battered financial markets by mopping
up toxic mortgage-related debt triggered a rally in stocks, but
raised questions over how long it would take and how it would
work.
Reuters - Citigroup Inc is considering making a bid
for Washington Mutual Inc , the Wall Street Journal said
on Friday, citing people familiar with the situation.
Reuters - The Toronto Stock Exchange's main index
soared on Thursday morning after central banks around the world
poured in $180 billion in extra liquidity to calm markets made
jittery by the mayhem on Wall Street.
Reuters - Constellation Energy Group Inc
agreed to sell itself to a unit of Warren Buffett's Berkshire
Hathaway Inc (BRKa.N) (BRKb.N) for about $4.7 billion in cash
on Thursday after investor fears about its liquidity cut its
value by nearly 60 percent.
Reuters - Stocks briefly turned negative before
edging higher again in volatile trading that reflected the
uncertainty about the health of the financial system.
Reuters - The world's top
central banks joined forces on Thursday to throw a
multi-billion dollar lifeline to global markets in a dramatic
effort to free up bank-to-bank lending frozen by upheavals on
Wall Street.
Reuters - Morgan Stanley topped the list of
major financial companies scrambling to find a buyer as its
shares tumbled another 35 percent, while central banks rushed
in $180 billion in extra liquidity to calm panicked stock and
money markets.
AFP - HBOS, Britain's biggest mortgage lender, has reached a deal to merge with its rival Lloyds TSB, media reports said Wednesday, after the lender's shares plummeted for a third day running.
Reuters - Japan's Toshiba Corp (6502.T) is expected
to swing to a half-year operating loss of about 30 billion yen
($287 million) on a weak microchip business, a newspaper said
on Thursday.
Reuters - Italy's labor minister said on Thursday
that the liquidation of Alitalia was a "very real risk" later
in the day when an investor group offering to rescue the
state-controlled airline was due to make its final decision.
Reuters - Washington Mutual Inc , the
giant U.S. savings and loan beleaguered by mortgage losses, has
put itself up for sale, sources familiar with the matter said
on Wednesday.
