Bank of America needs $34 bln in new capital
Bank of America (BoFa) needs $34 billion of new capital according to the stress tests, say well-informed sources. The results of the tests will be published tomorrow. The 34 billion dollars is three times more than expected.
A possible $34 billion capi...
Citigroup seeks permission to pay bonuses: a Phibro deal
Citigroup Inc., which has received $45 billion in federal bailout funds, is asking the U.S. Treasury for permission to pay special bonuses to many key employees and is looking for ways to free an energy-trading unit from government restrictions, the Wa...
Are Sox, Cubs money in the bank? (SouthtownStar)
Ace Carlos Zambrano looked around the Cubs' clubhouse and seemed a little surprised. The 2003 season changed everything for the Cubs and their fans as expectations on the North Side rose to unprecedented levels
Banking institutions which have been household names for years have suddenly put whole of America as well as the whole world in a state of shock.
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