Wachovia declares common and preferred dividends - Forbes.com: Tuesday, October 21, 2008
Forbes, NY -
AP 10.21.08, 7:01 PM ET Troubled bank Wachovia Corp. said Tuesday that its board approved a regular quarterly dividend of 5 cents on its common stock as well as dividends on its preferred stock. Wachovia, hit hard by the mortgage meltdown and a run ...
Bloomberg.com: U.S.: Tuesday, October 21, 2008
Bloomberg -
By Scott Lanman and Ari Levy Oct. 21 (Bloomberg) -- Wells Fargo & Co., the California bank that's acquiring Wachovia Corp., agreed to reduce its customer ...
For Wells Fargo's Kovacevich, Exiting May Be Toughest Job - WSJ.com: Wednesday, October 22, 2008
Wall Street Journal -
By DAN FITZPATRICK When Treasury Secretary Henry Paulson made nine of the nation's top banking executives an offer they couldn't refuse last week, ...
The Associated Press: Wells Fargo CEO happy with government investment: Wednesday, October 22, 2008
The Associated Press -
SAN FRANCISCO (AP) — Wells Fargo & Co. Chairman Richard Kovacevich may not have initially wanted the US government's $25 billion investment in his bank, but he dropped his resistance after realizing the infusion will provide the ailing economy with a vital shot in ...
Bloomberg.com: U.S.: Wednesday, October 22, 2008
Bloomberg -
By Ari Levy Oct. 22 (Bloomberg) -- Wells Fargo & Co. Chairman Richard Kovacevich said the US Treasury's intention to buy stock in banks provides a better stimulus to escape the financial crisis than an earlier plan to purchase soured mortgage-related assets. ...
Bloomberg.com: U.S.: Wednesday, October 22, 2008
Bloomberg -
By David Mildenberg Oct. 22 (Bloomberg) -- Wachovia Corp., the lender being acquired by Wells Fargo & Co., had its third straight quarterly loss, ...
RTTNews - Realtime Market News, European Market Update, Market Analysis & Commentary, Forex News....: Tuesday, October 21, 2008
RTT News, NY -
(RTTNews) - The European markets fell for the first time in three days on Tuesday, as chipmakers lost ground after Texas Instruments Inc. forecast fourth quarter earnings below analysts' estimate and heavily weighted energy stocks slipped after crude oil prices retreated. The comparable ...
The Lies We Tell Ourselves: Tuesday, October 21, 2008
Gold Seek -
Even though stocks had sold off pretty hard the night before, we were mildly bullish at the opening on Tuesday, mainly because LIBOR rates supposedly were at last starting to thaw. We say ?supposedly? because it?s quite possible the banks have been flat-out lying about ...
Pound and Euro fall hard: likely to continue on 100 Mortgages: Wednesday, October 22, 2008
100 Mortgages, UK -
For the first time since November 2006, the euro dropped below $1.28. The pound and euro taking a battering due to the rumor that the European Central banks will cut interest rates again as the World economy is slipping into recession. It’s looking ...
Markets get addicted to bailouts - International Herald Tribune: Oct 16, 2008
International Herald Tribune, France -
By James Saft Reuters LONDON: The market's reaction to the new superbailout follows a familiar pattern: relief, disappointment and the need for a higher dose of the same medicine. Don't expect risk appetite in most financial markets to be sustained; ...

Bloomberg.com: Australia & New Zealand: Oct 19, 2008
Bloomberg -
By Candice Zachariahs Oct. 20 (Bloomberg) -- Australian banks' borrowing costs fell to the lowest since before Lehman Brothers Holdings Inc. collapsed, ...
Bloomberg.com: Asia: Oct 20, 2008
Bloomberg -
By Patricia Lui and Gavin Finch Oct. 20 (Bloomberg) -- Money-market rates fell in Asia and may extend last week's declines in Europe after South Korea and ...
The Associated Press: Credit conditions improve for sixth straight day: Oct 20, 2008
The Associated Press -
LONDON (AP) — Credit conditions among banks improved for a sixth consecutive trading day on Monday, particularly in the US, as confidence in the financial ...
Credit optimism grows as global bank rates drop - Forbes.com: Oct 20, 2008
Forbes, NY -
By Jamie McGeever/Richard Leong LONDON/NEW YORK (Reuters) - Global interbank lending rates fell sharply Monday, fueling hopes that central banks have ...
FT.com / Markets - Overview: Interbank lending thaw bolsters stocks: Oct 20, 2008
Financial Times, UK -
By Dave Shellock Global equities enjoyed hefty gains on Monday as investors took heart from fresh signs of a thaw in the interbank lending market and further efforts by governments around the world to shore up the financial system. In the money markets ...
Financial crisis: Markets soar as Libor starts to fall - Telegraph: Oct 20, 2008
Telegraph.co.uk, United Kingdom -
Shares in London shot sharply higher amid growing signs that the international banking bail-out is slowly rekindling the stricken wholesale lending markets. ...
BBC NEWS | Business | The world's most important number?: Oct 20, 2008
BBC News, UK -
By Mark Broad On the fifth floor of an imposing building in London's Canary Wharf, six people are putting together one of the world's most important numbers ...
Money-Market Rates Drop as Banks Get Bailouts - washingtonpost.com: Oct 20, 2008
Washington Post, United States -
By Gavin Finch and Patricia Lui Money-market rates fell yesterday, extending last week's declines, as governments bailed out banks and policymakers intensified efforts to combat the freeze in lending with cash injections. The London ...
Bloomberg.com: Worldwide: Oct 20, 2008
Bloomberg -
By Patricia Lui and Candice Zachariahs Oct. 21 (Bloomberg) -- Money market rates dropped in Asia for a second day after Sweden followed South Korea in ...
reportonbusiness.com: SIGNS OF HEALING EMERGE: Oct 20, 2008
Globe and Mail, Canada -
It's getting cheaper and easier for Canada's banks to borrow money as global credit market pressures begin to ease up, raising the odds that lenders will match an expected cut in the country's benchmark lending rate today by the Bank of Canada. ...

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