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Citigroup bailout could be template for others - Leaf ChronicleNEW YORK — The latest bailout of Citigroup helped sooth financial markets Monday and could serve as a model for other U.S. banks looking for help with their large portfolios of toxic assets. The U.S. government late Sunday offered $20 billion for ...
U.S. Stocks End Volatile Day With Mixed Results - Street.ComUpdated from 4:14 p.m. EST After a Tuesday marked with choppy trading, blue-chip stocks eked out a third straight day of gains, after the Federal Reserve announced $800 billion in new federal programs to help fix frozen credit markets. Technology ...
Citigroup Bailout May Not Be Model for Other Banks - CNBCThe government bailout of Citigroup may have resolved that bank's problem with toxic mortgage debt. But the rest of the banking industry is still struggling with an estimated $2 trillion of such debt. Mark Lennihan / AP As part of the Citigroup ...
Stocks on win streak amid more bad economic news - SalonA set of economic reports out Wednesday were predictably gloomy, but the stock market continued its winning streak. The Dow Jones industrials rose 247 points, the first time since April 15-18 there were four straight days of gains. The market ...
Consumers hold tight to wallets - Seattle TimesThe American consumer is scared stiff. New economic data show consumers were not tempted last month by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little ...
Americans Shun Shopping Deals, Start Saving - Washington PostThe American consumer is scared stiff. New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little ...
Consumers Forgoing Retailers' Discounts Spending Drops As Anxiety Sets ... - Washington PostThe American consumer is scared stiff. New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little ...
November 2008 - Palm Beach InteractiveGov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...
Fiasco returns focus to mortgage mess - San Francisco GateBelieve it or not, the past eight days provided a dose of good news, at least in the short term, because mortgage rates are down. Long-term impact is harder to predict - and many experts say fallout from the turmoil could whipsaw housing and ...
Citigroup deal could be template for other banks - USA TodayWith the addition of the latest $20 billion injection, Citigroup moves into the No. 2 spot for bailout money (in billions): NEW YORK — The latest bailout of Citigroup (C) helped soothe financial markets Monday and could serve as a model for other U ...
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