Archive
AIG gets new directors at subdued annual meeting
NEW YORK (Reuters) – American International Group Inc got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout.
FDIC guidelines on private equity expected
NEW YORK/WASHINGTON, June 30 (Reuters) – The Federal
Deposit Insurance Corp is expected on Thursday to propose new
guidelines for private-equity investors seeking to buy failed
banks, a move that could see strict new rules imposed.
UPDATE 3-Paramount talks to rivals on combining DVD ops-source
Big Banks Refuse to Yield on Their Deposit Pricing
Driven by a demand for deposits, and bolstered by funding from the Tarp, the 19 largest banking companies in the country would break with tradition and pay higher-than-average …
Once Hot, Now C&I Is Losing Steam
If the latest data on commercial and industrial lending could be translated into sound, it would be a giant hissing noise.
Regions Selling Receivable Unit
The $142 billion-asset Birmingham, Ala., company said that it has an agreement to sell Regions Interstate Billing Service to Bank Independent in Sheffield, Ala.
Lloyds Cuts Costs with More Job Losses
Britain’s biggest mortgage lender plans to cut about 2,100 jobs at its group operations and wholesale units, bringing the total number of positions the bank has …
HSBC Exec Sees Crisis of Trust
HSBC Holdings Chairman Stephen Green said the “financial crisis is still far from over” and urged bankers to regain trust from customers and society as a whole.
Nazi Stealth Jet Could Have Won War for Hitler
Called the Horten 229, the radical ‘flying wing’ fighter-bomber looked and acted a lot like the U.S. Air Force’s current B-2 — right down to the ’stealth’ radar-evading characteristics.

