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Financial crisis hits horse breeders
Wall Street bonus money is disappearing from the bloodstock business, banks' equine lending teams are denying credit and a stronger dollar is deterring foreign buyers
FT.com

Chinese Bank Aids ING Groep
ING Groep will receive a $190 million letter of credit from Bank of Beijing, a Chinese lender in which the financial services firm holds a 16% stake.
Wall Street Journal

The Chatter Class: Downturn presents city with East Bank opportunity - Nashville City Paper
Copper prices have dropped through the floor. Aluminum is experiencing the same slump as demand drops for the commodity, a fate drive home last week by Franklin-based Noranda Aluminum when it announced a layoff of 338 people. Metal prices of all ...
Feed Digest

Wary savers flee from banks to Poste Italiane
Poste Italiane is becoming popular for more than just stamps and registered mail. The Italian state-owned group is taking an increasing share of savers' deposits as the financial crisis has raised concerns over the safety of banks
FT.com

US senator says GM CEO should step down
Washington, Dec 8 (Xinhua) US Senate Banking Committee chairman Christopher Dodd Sunday said that the General Motors CEO Rick Wagoner should step down if the company receives emergency government loans.
Big News Network

Obama vows strong new financial regulations (Reuters)
U.S. President-elect Barack Obama said on Sunday he would put strong financial regulation at the center of his economic recovery program to force more accountability on the banking industry.
yahoo.com

GM chief ‘has to move on,` Dodd says
Head of the Senate Banking Committee calls for Detroit shake-up; Obama criticizes auto executives for ignoring long-time problems
The Globe and Mail

Banks angry at Gordon Brown
Gordon Brown faces a showdown with banks this week after they accused him of deliberately distorting the arguments over interest rates. The Prime Minister insisted on Friday that the big high stre...
Telegraph

Homeowners refinance, put savings in piggy banks (AP)
When mortgage rates dropped to the lowest levels in almost a year, Warren Zeger seized the opportunity to slash $720 off his monthly mortgage payment by refinancing his home in Potomac, Md.
yahoo.com

Thin Role For Thain At BofA
Although Merrill's CEO instigated its acquisition by Bank of america, he won't be on the board of the combined company.
Forbes

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November 2009
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