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Bank bailout: Everything you need to know
On Oct. 14, the U.S. Treasury announced it would spend $250 billion of taxpayer money to buy shares in U.S. banks. The feds hope that the infusion will resolve the financial crisis paralyzing the economy. Here, in 300 words or less, is everything you need to know about it.
CNN

Stocks Rise in Early Trading on Citigroup Bailout Plan
Stocks rallied in early trading today after a government plan to bail out Citigroup, one of the nation's largest banks, emerged over the weekend.
The Washington Post

U.S. bails out Citi with $20 billion capital, guarantees
NEW YORK (Reuters) - The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high-risk assets and inject $20 billion of new capital in its biggest move yet to rescue a bank.
Reuters

Commodities and banks spur European rally
European stocks rallied sharply on Monday with commodities and financials recovering after a rescue plan for banking giant Citigroup and a late recovery on Wall Street.
FT.com

UBS Clients Seek U.S. Amnesty
Wealthy clients of Swiss bank UBS are coming forward to make amends with tax authorities, in a sign that U.S. efforts to battle offshore tax evasion and dent Switzerland's bank secrecy are having the desired effect.
Wall Street Journal

UPDATE 1-HSBC would not rule out buying Citi assets
LONDON, Nov 24 (Reuters) - The chairman of Europe's biggestbank HSBC Holdings said he would not rule out a movefor some assets of U.S. bank Citigroup after the U.S.government stepped in to rescue the lender. [ID:nN24499982]
Reuters

The Top 3 Forex Mentoring Programs on the Market Today, the Best Way to Learn Currency Trading
The above reasons and many more that are too numerous to mention are why when I am asked what is the best way to learn Forex trading, the answer is always with a top rated currency mentoring program. Below are the three programs that I think will get you up to speed quicker than any other approach and unquestionably provide you with the highest possible education. Many international banks and brokerage firms send there new employees to these courses to be trained on the finer points of Forex trading. There is about as strong of an endorsement in there teaching methods as possible.
ezinearticles.com

Standard Chartered to Raise Funds
Standard Chartered said that it plans to raise $2.66 billion in a rights issue to strengthen its balance sheet. The deal could boost Temasek's 19% stake in the bank to as high as 22%.
Wall Street Journal

Qatar to see new $3.5bn project
Bahrain-based investment house Arcapita Bank and Kuwait's Al Imtiaz Investment have said they would form a joint venture to develop a $3.5bn residential project in Qatar. The development, to be named Al Sidra, is within the Lusail project in Qatar, which is owned by Qatari Diar. The project will include 3,200 residential units built around a Greg Norman Championship golf course.
ameinfo.com

Wall Street soars as Citi rescue calms investors
NEW YORK (Reuters) - Stocks rose on Monday as investors breathed a sigh of relief after Washington agreed to pump $20 billion into Citigroup, averting a bank collapse that could have imperiled the global financial system.
Reuters

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Archived "business - bank of america" news stories.

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