LONDON, Oct. 12, 2008 (Reuters) — Major British banks are likely to announce their plans to recapitalize early on Monday, a person familiar with the matter said, a move which could see the government take multi-billion pound stakes in several lenders. ... > full story
DETROIT/NEW YORK, Oct. 11, 2008 (Reuters) — Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter. ... > full story
DETROIT, Oct. 11, 2008 (Reuters) — General Motors Corp approached Ford Motor Co about a possible merger of the two biggest U.S. car companies before more recent talks with Chrysler, the New York Times reported on Saturday. ... > full story
DETROIT/NEW YORK, Oct. 11, 2008 (Reuters) — General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter. ... > full story
WASHINGTON, Oct. 10, 2008 (Reuters) — General Motors is in preliminary talks about a possible merger with fellow U.S. automaker Chrysler, The New York Times reported late on Friday. ... > full story
WASHINGTON, Oct. 10, 2008 (Reuters) — U.S. regulators took over two small banks on Friday, in Michigan and Illinois, bringing the tally of bank failures to 15 so far this year. ... > full story
NEW YORK, Oct. 10, 2008 (Reuters) — Wachovia Corp said on Friday it would not seek shareholder approval before issuing preferred stock to Wells Fargo & Co , which has agreed to buy the troubled bank in a deal now worth about $12.2 billion. ... > full story
NEW YORK, Oct. 9, 2008 (Reuters) — Citigroup abandoned its brief but acrimonious battle with Wells Fargo & Co over Wachovia Corp , one of the United States' largest banks, losing out on a deal crucial to strengthening its retail banking business but vowing to pursue up to $60 billion in legal claims. ... > full story
, Oct. 9, 2008 (Reuters) — Life insurer MetLife Inc recently approached life and property insurer Hartford Financial Services Group Inc about a merger transaction, The Wall Street Journal said citing people familiar with the discussions. ... > full story
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Iceland in talks with Dutch, UK over bank accounts Oct. 12, 2008 (The Age, Australia) — Iceland reached an agreement with the Netherlands and ``made progress'' in talks with the UK on how to cover deposits held in Landsbanki Islands's ...
Loan Rules Tighten, Universities Lose Access To Major Fund Oct. 10, 2008 (WUSA9.com) — More bad news for college students. Because of the economic turmoil-- Sallie Mae--the nation's largest private student lender--says it will now ...
Great Commodity Unwind Oct. 9, 2008 (CNBC) — Along with stocks, oil plunged on Thursday as panic selling swept across the markets. Commodity stocks could be heading for the biggest annual ...
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