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European Stocks Decline; Fortis, Dexia, Hypo Real Estate Drop - Bloomberg
sept. 29 (bloomberg) -- european stocks tumbled to the lowest since january 2005 after bank bailouts accelerated and the $700 billion plan to rescue american financial institutions failed to unlock money markets. anglo irish bank corp. plc, dexia sa ...
www.bloomberg.com

America, It’s Time To Play Monopoly!
with the announcement of citigroup’s purchase of the wachovia corporation, the federal deposit insurance corporation told us monday morning of the latest bank to get whacked by the predatory mortgage market, as in what goes around comes around.
onlinejournal.com

Citigroup Gets Bank Business Of Wachovia
new york -- citigroup agreed monday to purchase wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the charlotte, n.c.-based bank the latest casualty of the widening global financial crisis. ... - by sara lepro the associated press
www.nashuatelegraph.com

Citigroup Takes Over Wachovia, Becomes Florida's Top Bank - St. Petersburg Times
story tools tampa — for a buck a share, florida got a new no. 1 banker. wachovia corp. toppled from its spot as the state's largest bank monday, the latest casualty of the global financial crisis as it agreed to be sold to citigroup inc. in a fire ...
www.tampabay.com

Mad Money Features - Cnbc
watch the lightning round whenever and wherever you want. [ lps   loading...       ( )   ] makes part of its money through default-management services, which involves helping banks with foreclosures and property inspections. after congress today ...
www.cnbc.com

Consolidation Of Banks Could Lead To Higher Fees
new york — the sale of wachovia's deposits and other assets to citigroup on monday leaves the nation with three superbanks, reshaping the u.s. banking landscape in the midst of unprecedented financial upheaval. for customers of those institutions — bank of america, citigroup an...
www.charleston.net

Wachovia Bank In Talks To Be Bought: Sources
wachovia corp is in talks with rivals to be taken over, sources familiar with the situation said on sunday, after the u.s. bank's shares fell 27 percent on friday due to concerns about its portfolio of illiquid mortgage assets.
news.yahoo.com

How Did We Get Here? - News.com.au
the turmoil we're seeing on the share market is largely thanks to a free and easy approach to lending by us banks in recent years. us banks and other lenders made loans to people who would tradtionally not have met credit criteria. when the ...
www.news.com.au

Bailout Bill Defeat Could Cause Painful Recession - International Herald Tribune
washington : the economy has endured hurricanes, soaring fuel and food prices, falling home values and a growing credit crisis. can it now survive congress? the house's stunning defeat of a $700 billion package urgently championed by president bush ...
www.iht.com

City's Other Big Bank Rises As Rival Sinks
when wachovia corp. unraveled on monday morning, its crosstown rival bank of america corp. became an even bigger star. bank of america has already emerged as one of the few winners in the market turmoil that has upended the nation's financial realms. analysts said monday that wachovia's demise gives bank of america the chance to pick off nervous employees and customers, and to gain even more ...
www.charlotteobserver.com

Wachovia Option-arm Mortgage Losses May Force Merger (update2)
sept. 29 (bloomberg) -- wachovia corp. , under increasing pressure after shares of the sixth-biggest u.s. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount.
www.bloomberg.com

Investors Swarm T-bills As House Rejects Bailout - Forbes
the house's rejection of the financial bailout plan flung the credit markets into further disarray monday, sending investors swarming again for the safety of treasury bills. if the credit markets stay tight, it could spell trouble for companies ...
www.forbes.com

Citigroup's Takeover Of Wachovia Latest To Reshape U.s. Banking System - Los Angeles Times
with citigroup inc.'s government-brokered deal to swallow up most of rival wachovia corp., the country moves a step closer to a banking landscape dominated by a handful of goliaths. the diversified operations and national retail footprints of these ...
feeds.latimes.com

Purchase Puts Citi In Prime Polk Position
lakeland | citigroup is entering the florida bank business in a big way with its purchase of wachovia corp., the state's largest bank and a major player in polk county.with an estimated $1.2 billion in local deposits, wachovia frequently occupied the top spot in polk, competing most directly with suntrust and bank of america.
www.theledger.com

Citigroup To Purchase Wachovia's Banking Operations For $2.1 Billion
citigroup's decision to purchase wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators greatly expands citigroup's retail franchise. the deals give citigroup more than 4,300 u.s. branches and $600 billion in deposits -- and secures its place among the u.s. banking industry's big three, along with bank of america and jpmorgan chase.
www.miamiherald.com

Wachovia Deal Dims Southern Us Bank Center's Cachet - Guardian Unlimited
home to the headquarters of bank of america corp, which will become the biggest u.s. bank with its acquisition of storied u.s. retail broker and investment bank merrill lynch & co inc, and wachovia -- once a crown jewel among a handful of strong ...
www.guardian.co.uk

Chronology: From Bear To Wamu, Credit Crunch Victims Pile Up - Hindustan Times
the seizure and sale of washington mutual inc is the latest historic step in us government attempts to clean up a banking industry littered with toxic mortgage debt. us house vote on indo-us nuke deal postponed bailout deal breaks down... key facts ...
www.hindustantimes.com

Britain Nationalizes Bradford & Bingley Bank
britain nationalized bradford & bingley on monday, making the buy-to-let mortgage lender the second uk bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world. after intense weekend talks failed to find an outright buyer for britain's ninth-biggest mortgage lender, the treasury said it would take over b&b's 50 billion pounds ($90.12 ...
ca.news.yahoo.com

Britain Nationalises Bradford & Bingley Bank
london - britain nationalised bradford & bingley on monday, making the buy-to-let mortgage lender the second uk bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world.
www.khaleejtimes.com

Bank Consolidations Raise Specter Of Higher Fees - Forbes
the sale of wachovia's deposits and other assets to citigroup on monday leaves the nation with three superbanks, reshaping the u.s. banking landscape in the midst of unprecedented financial upheaval. for customers of those institutions - bank of ...
www.forbes.com