BUENOS AIRES, Argentina – (AP) Argentina signed an agreement with three banks to attempt to restructure debts to creditors who rejected a 2005 settlement over a historic default, the government announced Monday. Cabinet chief Sergio Massa announced that Barclays PLC, Citigroup Inc. and Deustche Bank plan t
Tagged 2005-settlement, aires, barclays, citigroup, deustche, hexion-specialty, huntsman, new-bailout, ruling-late, three-banks, took-overHONG KONG – (AP) A Hong Kong bank said Monday it has about 362 million Hong Kong dollars ($47 million) in exposure to failed American bank Washington Mutual. Dah Sing Banking Group Ltd. made the announcement as Hong Kong investors remained jittery about the U.S.
Tagged announcement, banking, banking-group, barclays, citigroup, deustche, hexion-specialty, hong, huntsman, investors-remained, monday, new-bailout, three-banksROME – (AP) The last unions holding out against a deal to salvage Alitalia signed a plan on Monday to sell the bankrupt airline’s good assets to a group of Italian investors. The breakthrough with the AVIA and SDL unions, which represent mostly flight attendants, came after a meeting with the investors an
Tagged announcement, avia, barclays, hexion-specialty, hong, investors, italian, mostly-flight, new-bailout, the-investors, three-banksMOSCOW – (AP) Prime Minister Vladimir Putin pledged billions of dollars in loans Monday to help Russian banks and corporations pay off foreign debts the latest move by government officials to head off a looming financial crisis. Putin said in televised comments that up to $50 billion would be made availab
Tagged debts-the-latest, foreign-debts, italian, latest, prime, three-banks, vladimir, vladimir-putinNEW YORK – (AP) Lehman Brothers Holdings Inc. on Monday agreed to sell its investment management business to a pair of private-equity firms, fetching $2.15 billion as the bankrupt investment bank continues its liquidation
Tagged biggest-buyou, Business, capital-partners, continues-its, hellman, lehman-brothers, monday, three-banks, vladimir-putinWASHINGTON – (AP) Adding to their woes, mortgage finance giants Fannie Mac and Freddie Mac are facing a federal grand jury investigation into their accounting practices. The mortgage finance companies said Monday that a federal grand jury in New York is investigating accounting, disclosure and corpora
Tagged biggest-buyou, Business, capital-partners, companies-said, continues-its, fannie, jury-investigation, lehman-brothers, monday, mortgage-finance, their-woes, three-banks, woesBIRMINGHAM, Ala. – (AP) The company with the largest chain of Chevrolet dealerships in the country filed for bankruptcy protection against a “perfect storm” of woes including soaring gasoline prices, declining demand for big vehicles and the nationwide credit crunch.
Tagged Bankruptcy, Business, chevrolet, companies-said, continues-its, fannie, heard, heard-enterprises, lehman-brothers, monday, perfect-storm, soaring-gasoline, the-countryNEW YORK – (AP) In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp.
Tagged acquire-the-banking, banking, Bankruptcy, companies-said, deal, fannie, heard, insurance, latest, monday, the-country, wachovia, will-acquireWASHINGTON – (AP) Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration. The biggest U.S
Tagged 700-billion, ailing, both-presidential, bush, congressional, history-won, insisted-on-sharing, sunday, tentative, the-ailing, whiteWASHINGTON – (AP) Democrat Barack Obama and Republican John McCain on Sunday gingerly embraced a newly negotiated congressional deal for a $700 billion bailout of the hobbled financial industry.
Tagged 700-billion, ailing, congressional, democrat, history-won, insisted-on-sharing, mccain-on-sunday, newly-negotiated, sunday, tentative, the-hobbled, white